The Reserve Bank of India (RBI) has approved the merger of four cooperative banks in Gujarat. After these mergers, only two banks will remain. The RBI gave its approval through separate notifications. Both mergers have been approved under the provisions of the Banking Regulation Act, 1949, and will come into effect on December 15, 2025. … Read more
The Reserve Bank of India (RBI) has announced major changes to current account rules, which will come into effect from April 1, 2026. These changes are aimed at better tracking the movement of funds between banks, reducing fraudulent or circular transactions, and improving overall credit discipline. For companies that borrow from multiple banks, managing daily … Read more
The Reserve Bank of India (RBI) is working to make banking fees and service charges more transparent. The central bank is collaborating with banks to create a single format that clearly lists all fees, including loan processing charges. The goal is to eliminate hidden or overlapping charges and make banking costs easier for customers to … Read more
The Reserve Bank of India (RBI) has introduced new guidelines to make banking and digital lending more transparent. From now on, banks and loan apps cannot increase your loan limit without your written approval. Previously, some banks and apps would automatically increase small loans. For example, if a customer had a ₹20,000 loan, the bank … Read more
The Reserve Bank of India (RBI) has withdrawn proposed restrictions on cash credit (CC) facilities, offering relief to businesses and industries. Earlier, draft guidelines released in October aimed to enhance control over large borrowers’ transactions. However, after feedback from industry stakeholders, the RBI decided to remove these limits, ensuring businesses have easier access to working … Read more
Banks are witnessing a major change in the digital era. Many leading banks have now made physical verification and branch or home visits mandatory for customers opening accounts online. This step aims to prevent identity theft and stop the misuse of accounts for fraud, also known as “mule accounts.” Experts say this move shows that … Read more
The Reserve Bank of India (RBI) has announced new rules for opening and operating current accounts. These changes aim to prevent fund diversion by borrowers and ensure more discipline in the banking system. The rules will come into effect from April 1, 2026. Customers with total debt of less than ₹10 lakh are not affected … Read more
If you are planning to buy a house, shop, flat, or land at an affordable price, this news is important for you. Punjab National Bank (PNB) and 20 other financial institutions are selling a large number of properties through e-auctions. These institutions have issued official notices for the sale of different types of properties.The auctions … Read more
India’s economy registered 8% growth in the first half of the current financial year. During the meeting with bank MDs and CEOs, Governor Malhotra highlighted that the banking sector’s health and performance have steadily improved in 2025. However, he cautioned banks to avoid complacency and stay alert in a rapidly changing environment. Technology, Efficiency, and … Read more
If you have urgent banking tasks this week, delays could cost you. According to the Reserve Bank of India (RBI) holiday calendar, the week of December 8 to 14 will see multiple bank closures in several states. Banking services will be unavailable for four days in some states and at least two days elsewhere due … Read more
If your bank is overcharging you, not reversing unauthorized transactions, or ignoring your complaints, you don’t have to stay silent. The Reserve Bank of India (RBI) has made it easy to escalate such issues online through its Complaint Management System (CMS). This system is free and works under the Integrated Ombudsman Scheme. What Problems Can … Read more