UPI-powered bank branch by Slice launched in Bengaluru, marking India’s first digital-only banking facility with no cash or cards, in partnership with NESFB. “Slice Launches India’s First UPI‑Powered Bank Branch in Bengaluru” Modern Banking Goes UPI‑Only Fintech firm Slice has taken a bold step by launching India’s first UPI‑powered physical bank branch and UPI ATM…
RBI AePS new rules 2026 will enforce stricter KYC, real-time fraud monitoring, and one operator–one bank policy from January 1. Read full details for competitive exam preparation. RBI Tightens AePS Rules to Combat Fraud From January 2026 Strengthening the AePS Framework The Reserve Bank of India (RBI) issued a directive on June 27, 2025, introducing…
UPI IMF global model report highlights India’s UPI as a transformative digital payment system with interoperability and financial inclusion. Essential update for banking and UPSC exam aspirants. IMF Hails India’s UPI Model as Blueprint for Digital Payment Transformation India’s Unified Payments Interface (UPI) has garnered global attention after the International Monetary Fund (IMF) lauded it…
NPCI FY25 Surplus Report shows ₹1,552 crore profit and ₹3,270 crore revenue with 213 billion digital transactions via UPI and other platforms, reflecting India’s growing fintech infrastructure. NPCI Reports Surplus Crosses ₹1,500 Crore, Revenue Hits ₹3,270 Crore in FY25 Strong Financial Performance Underlines NPCI’s Growth The National Payments Corporation of India (NPCI), the linchpin of…
RBI project finance guidelines 2025: The Reserve Bank eases provisioning for NBFCs and lenders, boosting infrastructure financing. Learn how this impacts PFC, REC, and upcoming infra loans. RBI’s New Project Finance Norms: A Boon for NBFCs and Infrastructure Lenders 🚧 Eased Provisioning for Under-Construction Projects On June 20, 2025, the Reserve Bank of India (RBI)…
Revised PSL Norms 2025 – RBI lowers priority sector lending target for Small Finance Banks from 75% to 60% effective FY 2025–26. Know the impact, history, and exam-relevant facts. RBI Slashes Priority Sector Lending Norms for Small Finance Banks in FY 2025–26 The Reserve Bank of India (RBI) has announced significant changes to the Priority…
NPCI IDRBT cybersecurity collaboration to enhance cybersecurity in India’s digital payment systems. Includes training, certification, and access to the “सचेत” threat intelligence platform. Joint MoU Aims at Fortifying the Digital Payment Ecosystem On June 17, 2025, the National Payments Corporation of India (NPCI) and the Institute for Development and Research in Banking Technology (IDRBT) signed…
RBI Introduces Name Lookup for NEFT and RTGS: A New Milestone in Payment Systems The Reserve Bank of India (RBI) has introduced a significant feature in the National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) systems: the name lookup feature. This addition aims to streamline and enhance the security of digital transactions in…
RBI Announces Continuous Clearing of Cheques Under CTS Introduction to Continuous Clearing The Reserve Bank of India (RBI) has introduced a new initiative to enhance the efficiency of cheque processing by implementing continuous clearing under the Cheque Truncation System (CTS). This significant move aims to streamline cheque transactions, reduce processing time, and improve overall banking…
Drop in India’s Foreign Exchange Reserves to $688.26 Billion India’s foreign exchange reserves have witnessed a notable decline, now standing at $688.26 billion as of October 20, 2023. This decrease, amounting to $4.84 billion, is a significant concern for the Indian economy, as these reserves play a crucial role in maintaining the country’s financial stability…
