Kotak811 app global downloads surge to 3rd spot in H1 2025, overtaking SBI Yono. Learn about Kotak811 growth, RBI restrictions, and digital banking trends in India. Kotak811 Surges to 3rd Spot in Global App Downloads Kotak811’s Rise in Banking App DownloadsIn the first half (H1) of 2025, Kotak Mahindra Bank’s digital banking app, Kotak811, vaulted…
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…
SBI Cards MAD update from July 2025 revises the Minimum Amount Due formula. Understand how this impacts your credit card repayment and exam preparation. Introduction: SBI Cards Raises MAD from July 15, 2025 SBI Cards, a major player in India’s credit card domain, will introduce a revised Minimum Amount Due (MAD) formula starting July 15,…
Deposit Growth Matches Credit Amid Lending Slowdown: An Analysis of India’s Financial Landscape In recent months, India has experienced a notable shift in the dynamics between deposit growth and credit growth in the banking sector. According to reports, deposit growth has now matched the pace of credit growth amidst a slowdown in lending activities. This…
RBI Imposes Monetary Penalties on Co-operative Banks The Reserve Bank of India (RBI) has recently taken a decisive step by imposing monetary penalties on several co-operative banks across the country. This move comes as part of the RBI’s ongoing efforts to enforce regulatory compliance and maintain the stability of the banking sector. Background of the…
RBI Grants Payment Aggregator Licences to Innoviti Payments and Concerto Software The Reserve Bank of India (RBI) recently granted payment aggregator licenses to Innoviti Payments and Concerto Software. This move marks a significant development in the fintech sector, providing new opportunities for payment processing companies in India. Innoviti Payments and Concerto Software have secured payment…
RBI Releases Draft Norms for Fintech Self-Regulatory Organisations The Reserve Bank of India (RBI) has taken a significant stride towards fostering a robust fintech ecosystem by releasing draft norms for the establishment of self-regulatory organizations (SROs) in the fintech sector. This move aims to streamline and regulate the burgeoning fintech industry, providing a framework for…
RBI Raises UPI Limit for Healthcare and Education to Rs 5 Lakh The Reserve Bank of India (RBI) has recently announced a significant elevation in the transaction limit for the Unified Payments Interface (UPI) in specific sectors, particularly healthcare and education. This change entails a surge in the maximum transaction limit from the previous cap…
RBI Cancels License of The Kapol Co-operative Bank Over Inadequate Capital In recent news, the Reserve Bank of India (RBI) has taken a significant step by canceling the license of The Kapol Co-operative Bank. This move comes in response to concerns regarding the bank’s inadequate capital reserves. Let’s delve deeper into why this news is…
