PM SVANidhi scheme extension 2030 approved by Union Cabinet. Learn about enhanced loans, UPI-linked RuPay credit cards, digital incentives, and benefits for street vendors. Union Cabinet Restructures PM SVANidhi Scheme, Extends Till 2030 Introduction: Extension and Enhancement of PM SVANidhi Scheme On August 27, 2025, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved…
ICICI Bank minimum balance reduced 2025 after public outrage. Learn about revised MAB for urban, semi-urban, and rural accounts and implications for banking policies. ICICI Bank Reduces Minimum Balance Requirement After Public Outrage ICICI Bank, India’s second-largest private sector lender, has revised its minimum average balance (MAB) requirement for new savings account holders following widespread…
RBI announces three major steps to enhance banking convenience and financial inclusion, including doorstep re-KYC camps, standardized claims, and upgraded Retail Direct platform. RBI Unveils Three Major Measures to Enhance Customer Convenience and Financial Inclusion Introduction On August 6, 2025, the Reserve Bank of India (RBI) announced three significant initiatives aimed at simplifying banking processes…
RemitFIRST2India by IDFC FIRST Bank NRI remittance to transfer money to India with zero fees, real-time tracking, and competitive forex rates. Learn features, benefits, and supported countries. 🏦 IDFC FIRST Bank Launches RemitFIRST2India: A Seamless Digital Remittance Platform Introduction: Empowering NRIs with Seamless Transfers IDFC FIRST Bank has introduced RemitFIRST2India, a cutting-edge digital platform designed…
ICICI Bank minimum balance hike from August 2025 raises the minimum average balance to ₹50,000 for metro accounts. Learn about penalties, customer impact, and banking policy changes. Introduction ICICI Bank has implemented a significant change in its savings account policies, effective from August 1, 2025. The bank has raised the Minimum Average Balance (MAB) requirement…
AU Small Finance Bank universal license news: RBI approves AU SFB as India’s first small finance bank to become a universal bank, expanding its services and market reach. AU Small Finance Bank Gets RBI Nod for Universal Bank Status: A Landmark Achievement RBI Grants Universal Bank License to AU Small Finance Bank The Reserve Bank…
Fino Gati Savings Account launched in West Bengal offers instant UPI activation and zero-balance savings access to boost rural digital banking and financial inclusion. Fino Payments Bank Launches Gati Savings Account to Boost UPI Adoption in Bengal Introduction: Fino’s Strategic Push Toward Digital Inclusion Fino Payments Bank has launched its ‘Gati Savings Account’ in West…
Bima Sakhi Scheme by LIC empowers over 2 lakh women as insurance agents with stipend and career opportunities. Know eligibility, budget, and benefits. Empowering Rural Women: LIC’s Bima Sakhi Scheme Enrolls Over 2 Lakh Women The Government of India, through the Life Insurance Corporation (LIC), has successfully enrolled 2,05,896 women under its Bima Sakhi –…
Bima Sakhi Yojana 2025: LIC and the Rural Development Ministry sign MoU to empower SHG women as rural LIC agents under a stipend-based model to enhance financial inclusion in India. LIC, Rural Development Ministry Join Forces to Launch Bima Sakhi Yojana in Rural India Introduction: Empowering Rural Women Through Insurance Access The Government of India…
RBI Innovation Hub appoints Sahil Kini as CEO in July 2025. Learn key insights, history, and exam-relevant facts for banking, PSC, and UPSC aspirants. Sahil Kini Named CEO of RBI Innovation Hub: Leading India’s Fintech Innovation Charge A New Leader at RBIH Sahil Kini, co‑founder of Bengaluru‑based fintech infrastructure firm Setu and a former core…
