RBI penalty on Fino Payments Bank: RBI imposes ₹29.6 lakh fine on Fino for violating end-of-day balance norms in customer accounts. Know the compliance rules and exam-relevant facts. RBI Imposes ₹29.6 Lakh Penalty on Fino Payments Bank for Exceeding Regulatory Balance Limits The Reserve Bank of India (RBI) has levied a fine of ₹29.6 lakh…
Introduction The Reserve Bank of India (RBI) has announced the imminent release of new ₹20 denomination banknotes under the Mahatma Gandhi (New) Series. These notes will bear the signature of the newly appointed RBI Governor, Sanjay Malhotra. This update signifies a routine procedure following the appointment of a new governor, ensuring the currency reflects current…
Overview of the Latest Factory Output Data India’s factory output, measured by the Index of Industrial Production (IIP), recorded a marginal improvement in March 2025, growing by 3% compared to the same month last year. This data was released by the Ministry of Statistics and Programme Implementation (MoSPI). The growth rate showed a slight recovery…
Introduction: SBI PO Mains – A Gateway to Prestigious Banking Careers The State Bank of India (SBI) has been a top recruiter in the banking sector, with the Probationary Officer (PO) post being one of the most sought-after positions. As the SBI PO 2025 Mains Exam approaches, aspirants are now looking for reliable and comprehensive…
What is the Full Form of AMC? The full form of AMC is Asset Management Company. It refers to a financial institution that manages investments and assets on behalf of clients, including individuals and organizations. AMCs pool money from investors and invest it in various financial instruments like stocks, bonds, mutual funds, real estate, and…
Overview of the One State One RRB Initiative The Indian government is moving ahead with its ambitious ‘One State One RRB’ (Regional Rural Bank) reform to streamline rural banking operations. This policy seeks to consolidate multiple RRBs within a state into a single unified banking entity, thereby enhancing operational efficiency, reducing redundancy, and improving service…
Federal Bank Launched Mookkannoor Mission Initiative at its Founder’s Village The Federal Bank, a prominent name in the Indian banking sector, has recently made a significant move by launching the ‘Mookkannoor Mission’ initiative in its founder’s village. This initiative holds great importance not only for the bank but also for the local community and candidates…
State Bank of India Celebrates 68th Bank Day State Bank of India (SBI), one of India’s leading public sector banks, recently celebrated its 68th Bank Day with great enthusiasm and pride. The occasion marked another milestone in the bank’s illustrious journey, highlighting its contribution to the nation’s banking sector and its commitment to customer service….
