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The Reserve Bank of India (RBI) has withdrawn proposed restrictions on cash credit (CC) facilities, offering relief to businesses and industries.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
The dream of owning a home is now closer than ever. Home loan interest rates could soon drop to a historic low of 7.1%. This is great news for anyone planning to buy a house, as it will reduce EMIs and help save lakhs over time. Thanks to the RBI’s recent repo rate cut, banks … Read more
The Reserve Bank of India (RBI) has introduced new regulations for digital banking services, which will take effect from January 1, 2026. These rules aim to make banking safer and more customer-friendly. Under the new guidelines: Approval processes and compliance standards for banks will be stricter. Customer protection will be improved. Complaint handling procedures will … Read more
Millions of people across India use zero-balance bank accounts, especially in rural and semi-urban areas. For all of them, the Reserve Bank of India has announced a big and welcome change. RBI has relaxed several rules and expanded the list of free services so that banking becomes easier, cheaper, and more accessible for everyone. These … Read more