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
Bank employees have received good news as their Dearness Allowance (DA) has been increased. This move will directly raise their monthly salary and improve overall income. The new DA has been revised to 25.70 percent, up from the earlier 25 percent. This means a rise of 0.70 percent. The increase is based on the Consumer … Read more
Bank employees have received some good news. After the recent hike for central government staff, bank employees are now getting a rise in their Dearness Allowance (DA) as well. The new DA rates have come into effect from May 1 and will be applicable for the May–July 2026 period. DA Increased: What Has Changed? The … Read more
Canara Bank is one of India’s major government banks, known for its wide branch network and large customer base across the country. Along with regular banking services, the bank is also attracting attention for its fixed deposit (FD) schemes that offer steady returns. If you prefer safe investments with guaranteed returns, Canara Bank’s FD plans … Read more
India Post Payments Bank (IPPB) has introduced a new savings account specially designed for Self Help Groups (SHGs). This account comes with zero balance and is aimed at improving financial access in rural India, especially for women-led groups. It is also linked to government programmes like the National Rural Livelihoods Mission, which supports rural livelihoods. … Read more
ICICI Bank has introduced a new feature that could make your UPI payments quicker and more secure. You can now approve certain UPI transactions using your fingerprint or face recognition, instead of entering your UPI PIN every time. No More PIN for Small Payments This new feature works for UPI payments of up to Rs … Read more