Reserve Bank of India (RBI) Governor Sanjay Malhotra has hinted that petrol and diesel prices in India could rise if tensions in the Middle East continue for a longer period. Speaking at a conference in Switzerland hosted by the Swiss National Bank and the International Monetary Fund (IMF), Malhotra said the government may eventually have … Read more
The Reserve Bank of India (RBI) has cancelled the banking licence of Mumbai-based Sarvodaya Co-operative Bank Ltd. with immediate effect. The central bank said the co-operative bank did not have enough capital and had weak earning prospects, making it unsafe to continue operations. With this decision, the bank has stopped all banking activities from the … Read more
Many bank customers in India have faced this situation — you visit a branch for important work, but the staff says, “It’s lunchtime, come later,” or “The server is down, come tomorrow.” In most cases, people quietly leave and return another day. But according to Reserve Bank of India (RBI) rules, banks cannot stop customer … Read more
Mumbai-based AU Small Finance Bank has launched four new credit cards designed for different income groups and age categories as it expands its retail banking business across India. The launch comes at an important time for the bank. AU Small Finance Bank, currently the country’s largest small finance bank, has already received in-principle approval from … Read more
The Central Board of Direct Taxes (CBDT) has introduced several important changes in the Income Tax Return (ITR) forms for FY 2025-26 (AY 2026-27). The updated rules aim to make tax filing more transparent, improve income reporting, and align returns with the new tax regime. Some major updates also focus on capital gains, F&O trading, … Read more
The Reserve Bank of India (RBI) has proposed new draft rules related to properties seized from loan defaulters. These rules are aimed at making the loan recovery process faster, more transparent, and better regulated. The new framework mainly focuses on how banks and NBFCs handle properties taken from borrowers who fail to repay loans. According … Read more
The Reserve Bank of India (RBI) has introduced major changes to simplify and tighten rules for foreign exchange trading in India. The aim is to make currency exchange services more organized, secure, and transparent for both businesses and customers. No More New “Money Changer Only” Licenses The RBI has clearly stated that it will no … Read more
The Reserve Bank of India (RBI) has released fresh regulations called the Foreign Exchange Management (Authorised Persons) Regulations, 2026. These rules set stricter guidelines for companies and institutions involved in foreign currency exchange. The main aim is to make the forex system more transparent, well-regulated, and secure for financial transactions in India. Who Can Work … Read more
The Reserve Bank of India (RBI) has proposed new rules for properties and other non-financial assets that banks take over when borrowers fail to repay loans. The draft guidelines were released on Wednesday to make the recovery process more transparent and better regulated. These rules will apply to banks and other regulated entities that recover … Read more
The Reserve Bank of India (RBI) has introduced new rules for companies and institutions dealing in foreign exchange (forex) services. One of the biggest changes is that the RBI will no longer issue licenses to new money changers. The central bank says the updated rules are aimed at improving forex services while making compliance easier … Read more
Reserve Bank of India (RBI) has issued a draft circular to bring more clarity on how banks and financial institutions should handle certain assets they acquire when borrowers fail to repay loans. These assets are called Specified Non-Financial Assets (SNFA), and the new rules aim to make their treatment more transparent and consistent. What Are … Read more