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…
The Tamil Nadu government has decided to replace the Indian Rupee symbol (₹) with the Tamil letter “அ” in official documents, sparking a significant debate over language and regional identity. The move is being seen as an effort to promote the Tamil language while also raising concerns about national integration and uniformity in financial representation….
RBI Tightens Guidelines for ARCs in Borrower Settlements Introduction to the New Guidelines by RBI The Reserve Bank of India (RBI) has recently implemented stricter guidelines for Asset Reconstruction Companies (ARCs) in handling borrower settlements. These changes are aimed at improving the transparency and accountability of ARCs while ensuring that borrower interests are protected. The…
RBI’s Guidelines on Government Debt Relief Scheme Introduction to RBI’s Guidelines on Government Debt Relief Scheme The Reserve Bank of India (RBI) has recently issued guidelines for the implementation of the Government Debt Relief Scheme (GDRS). The scheme is designed to alleviate the burden of debt on individuals, businesses, and various sectors affected by the…
RBI Revises Guidelines for Banks’ Capital Market Exposure in T1 Settlement The Reserve Bank of India (RBI) has recently made significant revisions to the guidelines concerning banks’ exposure to the capital market during T1 settlement. These changes aim to enhance risk management practices and ensure the stability of the financial system. Revised Guidelines Overview The…
RBI Guidelines for SFBs Transitioning to Universal Banks In a significant move, the Reserve Bank of India (RBI) has recently issued guidelines for Small Finance Banks (SFBs) aiming to transition into Universal Banks. This decision marks a pivotal moment in the Indian banking sector, with implications for both financial institutions and aspiring candidates preparing for…
