Niryat Protsahan interest subvention scheme 2026 by RBI provides MSMEs with reduced export credit cost. Learn eligibility, banks involved, limits, and benefits for export finance. RBI Issues Operational Guidelines for Interest Subvention on Export Credit under Niryat Protsahan The Reserve Bank of India (RBI) has released detailed operational guidelines to implement interest subvention on pre‑…
AI-powered Video KYC at Suryoday Small Finance Bank with HyperVerge improves digital onboarding, regulatory compliance, and banking accessibility for customers across India. Suryoday Small Finance Bank Partners with HyperVerge to Launch AI‑Powered Video KYC In a landmark move for digital banking innovation, Suryoday Small Finance Bank has partnered with HyperVerge, a leading artificial intelligence technology…
ICICI Bank CEO reappointment news: Sandeep Bakhshi’s MD tenure extended till 2028, reflecting leadership continuity and RBI governance compliance in India’s private banking sector. ICICI Bank Reappoints Sandeep Bakhshi as MD & CEO Till 2028: A Significant Development in Indian Banking Sector Board Approval of Reappointment ICICI Bank’s Board of Directors has unanimously approved the…
RBI Transaction Account Guidelines 2025: Learn about new rules for current, overdraft, and collection accounts, minimum credit exposure limits, and cash credit reforms for businesses. RBI Issues New Guidelines on Transaction Accounts Across Regulated Entities The Reserve Bank of India (RBI) has introduced comprehensive revised guidelines governing the opening, operation, and maintenance of transaction accounts…
RBI eases reorganisation norms for bank groups in 2025, allowing overlapping lending operations, strengthening compliance, and reducing operational disruptions in India’s banking sector. RBI Eases Reorganisation Norms for Bank Groups, Reducing Operational Disruption Introduction to RBI’s New Guidelines The Reserve Bank of India (RBI) recently issued its final guidelines on financial services activities of commercial…
RBI regional language banking guidelines mandate banks to provide services in English, Hindi, and local languages, promoting financial inclusion and improving customer service delivery across India. RBI Strengthens Regional-Language Banking to Improve Customer Service Delivery What’s the News The Reserve Bank of India (RBI) has issued fresh guidelines requiring banks across India to strengthen the…
RBI export relief measures provide moratorium, extended export-credit timelines, FITL facility and relaxed realisation deadlines to support exporters amid global trade challenges. RBI Announces Relief Measures for Exporters: Moratorium & Credit Extensions Article Export Stress and RBI’s Timely Intervention Amid escalating global trade headwinds and a challenging external environment, the Reserve Bank of India (RBI)…
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…
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…
RBI KYC update 2025 simplifies the process by allowing video-based KYC and Business Correspondents to assist customers. Learn the full policy and key benefits for banking and exam prep. Simplified KYC Process Makes Banking More Accessible On June 12, 2025, the Reserve Bank of India (RBI) relaxed its Know Your Customer (KYC) rules, allowing customers…
