Cyber fraud is rising fast across India. As digital payments grow, so do online scams. Every day, cases involving fraud worth crores of rupees are being reported. To tackle this growing threat, the government is now turning to artificial intelligence. A new AI-powered system called MuleHunter.ai is being rolled out across banks to detect suspicious … Read more
The Reserve Bank of India (RBI) on Friday issued final guidelines for financing acquisitions (one company buying another company). Under these new rules, banks will now be able to lend up to a maximum of 75 percent of the total value of an acquisition deal. This limit was previously set at 70 percent in the … Read more
India’s farmers may soon see big changes in their loan system. In a notification dated February 6, the Reserve Bank of India (RBI) announced that it is preparing revised guidelines for the Kisan Credit Card (KCC) scheme. The goal is simple — modernize this 30-year-old scheme and make farm loans more practical for today’s agricultural … Read more
Canara Bank has made a small change to its lending rates. The bank informed the stock exchanges that its Marginal Cost of Funds Based Lending Rate (MCLR) has been revised. The new rates are effective from February 12, 2026. MCLR is the minimum interest rate below which a bank cannot lend. It was introduced by … Read more
Have you ever visited a bank for a simple task and later discovered you were signed up for an insurance policy or investment product you never really wanted? You’re not alone. Now, the Reserve Bank of India (RBI) is stepping in with new draft guidelines that could completely change how banks sell financial products. If … Read more
The Reserve Bank of India has proposed stricter rules for banks and financial institutions that use agents to recover loans. These draft guidelines were announced after RBI Governor Sanjay Malhotra spoke about the issue during the monetary policy review on February 6. The central bank now wants to ensure that borrowers are treated fairly and … Read more
The Reserve Bank of India (RBI) has proposed stronger rules to prevent the mis-selling of financial products by banks. The central bank has suggested that bank employees should not receive incentives from outside companies for selling insurance, mutual funds, or other third-party products. According to the draft guidelines, marketing and sales staff will not get … Read more
In a major push for the cooperative banking sector, the Reserve Bank of India (RBI), along with the central government, has announced a fresh set of reforms. The goal is clear — make cooperative banks stronger, more reliable, and more digitally connected. These steps are expected to improve credit flow, boost depositor confidence, and expand … Read more
India’s largest bank, State Bank of India (SBI), has warned its customers that banking services may be disrupted on February 12 due to a nationwide bank strike. According to Reuters and other news agencies, major banks such as SBI and IDBI have received official strike notices from bank unions. Although the Reserve Bank of India … Read more
Bank of Baroda (BoB) has announced a reduction in car loan interest rates, effective immediately. The bank has lowered rates by 30 basis points, making car loans more affordable for buyers. The floating interest rate now starts at 7.60% per annum, down from 7.90%, while the fixed interest rate begins at 8.50% per annum. These … Read more
Punjab National Bank (PNB) is one of India’s leading public sector banks. Like other government banks, it offers safe and reliable fixed deposit (FD) options with assured returns. Recently, after the RBI reduced the repo rate by 1.25%, many banks revised their FD interest rates. Punjab National Bank has also updated its rates. Even after … Read more