Banking

RBI’s Bimonthly Monetary Policy – Highlights and Key takeaways

The Monetary Policy Committee (MPC) held its 53rd meeting from February 5 to 7, 2025 under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India. The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Rajiv Ranjan, and Shri M. Rajeshwar Rao attended the meeting. The MPC revised the repo rate for the first time in two years, voting unanimously to cut it by 25 basis points from 6.50% to 6.25% in view of easing retail inflation and slowing growth. The rate cut comes even as the Rupee continues to reel to under pressure from global tariff wars. The MPC decided unanimously to reduce the policy repo rate to 6.25% at its meeting, The MPC also decided unanimously to continue with the ‘neutral’ stance and to remain unambiguously focused on a durable alignment of inflation with the target, while supporting growth.

FEEDBACK OF RRB PO, SBI PO & IBPS PO INTERVIEW Nov 2021- 2022

We give here the feedback of participants who have appeared for interview in their RRB PO, IBPS PO & SBI PO between November 2021 to March 2022. These feedback will help the freshers who are appearing for interview during current year and for those also who will appear for interview in future. This will give an idea of what type of questions are being asked and where one should focus upon. Please make best use of same for improving your interview preparation.

Bank deposit insurance cover upped from Rs 1 lakh to Rs 5 lakh, refund in 90 days: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on December 12 said that the government has increased the bank deposit insurance cover from Rs 1 lakh to Rs 5 lakh. The amount has to be refunded to the depositor within 90 days, he added. “Earlier there used to be a bank deposit insurance cover of Rs…

Account Aggregators System: New framework to access, Share financial Data

On September 2, 2021 the Reserve Bank of India’s (RBI) Account Aggregator (AA) Framework went live. Eight of India’s major banks — State Bank of India, ICICI Bank, Axis Bank, IDFC First Bank, Kotak Mahindra Bank, HDFC Bank, IndusInd Bank and Federal Bank — joined the Account Aggregator (AA) network that will enable customers to easily access and share their financial data. The framework, which has been under discussion since 2016 and in the testing phase for some time, will now be open to all customers.

The account aggregator system in banking – A New framework to access, share financial data

On September 2 eight of India’s major banks — State Bank of India, ICICI Bank, Axis Bank, IDFC First Bank, Kotak Mahindra Bank, HDFC Bank, IndusInd Bank and Federal Bank — joined the Account Aggregator (AA) network that will enable customers to easily access and share their financial data. The framework, which has been under…

Finance Minister unveils 4th edition of Public Sector Bank Reforms Agenda – EASE 4.0 – Reviews performance of public sector banks – Announces EASE 3.0 award winners

Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today on 25th August 2021 unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda ‘EASE 4.0’ for 2021-22 – tech-enabled, simplified, and collaborative banking. She unveiled the annual report for the PSB Reforms Agenda EASE 3.0 for 2020-21 and participated in the awards ceremony to felicitate best performing banks on EASE 3.0 Banking Reforms Index.

Guidelines for Implementation of the circular on Opening of Current Accounts by Banks

RBI has issued Guidelines for Implementation of the circular on Opening of Current Accounts by Banks and extended the timeline upto 31st October 2021 for implementing the provisions of the circular

Statement on Developmental and Regulatory Policies

Statement on Developmental and Regulatory Policies sets out various developmental and regulatory policy measures on (i) liquidity management and support to targeted sectors; (ii) regulation and supervision; (iii) debt management; (iv) payment and settlement systems; (v) financial Inclusion; and (vi) external commercial borrowings.

RBI imposes monetary penalty on six entities

The Reserve Bank of India has imposed monetary penalty on six entities, including Sodexo SVC India, Muthoot Vehicle and Asset Finance, QwikCilver Solutions, Phonepe, Delhi Metro Rail Corporation, and Punjab National Bank. In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act 2007, the RBI has imposed m onetary penalty…

RBI working group suggests permitting large NBFCs to convert into bank

RBI had constituted an internal working group on 12 June to review extant ownership guidelines and corporate structure for Indian private sector banks.The internal working group of Reserve Bank of India (RBI) suggested that large Non-Banking Financial Company (NBFCs) can convert into banks if they fulfill certain criteria. “Well run large NBFCs, with an asset size of ₹50,000 crore and above, including those which are owned by a corporate house, may be considered for conversion into banks subject to completion of 10 years of operations and meeting due diligence criteria and compliance with additional conditions specified in this regard,” the central bank panel recommended.

Tag: Banking

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Budget 2025: Top 10 key takeaways from FM Nirmala Sitharaman's speech

Nirmala Sitharaman Budget Speech LIVE -Union Budget 2025

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Budget 2025: Top 10 key takeaways from FM Nirmala Sitharaman's speech

Nirmala Sitharaman Budget Speech LIVE -Union Budget 2025