The Reserve Bank of India (RBI) has assigned 30 banks with the responsibility of managing unclaimed deposits via the UDGAM portal. On August 17, 2023, the RBI Governor introduced a centralized web portal named UDGAM

The Enforcement Directorate (ED) seized Rs.1.5 lakhs cash from Bharat Infra Exports and Imports Ltd in search related to Bank Fraud Case and unearthed properties worth almost 100 crore rupees. The search operation was conducted

There are several reasons why you should possess a bank account. It provides a safe place to park your money and save for the future. Moreover, a bank account acts as an identity and address

The State Bank of India (SBI) will charge the customers for failed ATM transactions due to insufficient balance. SBI will charge a fee of Rs 20 along with GST for transaction decline due to insufficient

Major UPI apps such as BHIM, PhonePe, and Paytm are now equipped to receive swift and secure remittances from Singapore through the UPI-Pay Now linkage. This transformative cross-border collaboration ensures instant, cost-effective transactions, benefiting the

The Reserve Bank of India (RBI) has imposed fines of ₹12.19 Cr and ₹3.95 Cr on the Industrial Credit and Investment Corporation of India (ICICI) and Kotak Mahindra, respectively, for violations of banking regulations on

The Reserve Bank of India (RBI) has levied monetary penalties on three co-operative banks totaling Rs. 63.5 lakhs for regulatory compliance deficiencies. Additionally, The Nasik Merchant’s Co-operative Bank Ltd., Nashik, received a penalty of ₹48.30

The Central Bureau of Investigation has registered a case on complaint from Union Bank of India against Kolkata based private company and others including  it’s Promoters/ Directors, unknown Public Servants & Private persons on the

The Reserve Bank of India (RBI) Governor Shaktikanta Das launched the financial inclusion dashboard, ANTARDRIHSTI on June 5th 2023. By recording pertinent metrics, the dashboard, as the title implies, will give the necessary knowledge to

The Reserve Bank of India ( RBI ) has imposed huge restrictions on the Paytm Payment Bank Ltd. According to the press release issued by the apex bank, it stated that the paytm shall not

The Reserve Bank of India (RBI) cancelled the banking license of Karnataka based Mahalaxmi Co-operative Bank Limited on 27th June 2023. However, the RBI has been allowed to function as a Non-Banking institution. The RBI

The Central Bureau of Investigation (CBI) has registered a case on a complaint from Punjab National Bank against a Delhi based private company (Borrower company) and others including its Directors; Guarantors and other unknown persons

The Department of Economic Affairs under the Ministry of Finance vide notification no. S.O. 2791(E) has notified the authorisation of all public sector banks and certain private banks to operate Mahila Samman Savings Certificate, 2023

The Reserve Bank of India (RBI), in the worrying scenario of Yes Bank depositors, issued directions to the Yes Bank pertaining to the capped the withdrawal limit at INR 50,000/-. The Reserve Bank of India

The Reserve Bank of India (RBI) has directed the Bank of Baroda to suspend the new customer onboarding on ‘Bob World’ mobile application. In accordance with the authority vested in it by section 35A of