by Team Small News | May 2, 2025 | Central Bank of India, RBI
The Reserve Bank of India (RBI) has taken action against 7 non-banking financial companies (NBFCs) in April. The license of 6 NBFCs has been cancelled, and a monetary penalty has been imposed on one. The cancelled licenses include those of Unitara Finance Limited in...
by Team Small News | May 1, 2025 | HDFC Bank, RBI, Ujjivan Small Finance Bank
India has an estimated 18 crore people who struggle to read and write in their native languages, despite high smartphone penetration. To bridge this gap, banks, startups, and government organizations are leveraging voice-based technology and Artificial Intelligence...
by Team Small News | Apr 30, 2025 | HDFC Bank, ICICI Bank, IndusInd Bank, RBI, State Bank of India
The Reserve Bank of India (RBI) has announced that it will charge fees for ATM transactions exceeding the free limit, effective May 1, 2025. The move aims to cover the costs of owning and maintaining ATMs, as well as providing services to customers of other banks.... by Team Small News | Apr 29, 2025 | Central Bank of India, RBI
The Reserve Bank of India (RBI) has announced plans to purchase government securities worth Rs 1.25 lakh crore in May through open market operations (OMO). The purchases will be made in four tranches, with the first tranche of Rs 50,000 crore scheduled for May 6,... by Team Small News | Apr 28, 2025 | Central Bank of India, RBI
Reserve Bank of India (RBI) Governor Sanjay Malhotra has highlighted India as a prime long-term investment destination, citing the country’s strong growth and stability. Speaking at the US-India Economic Forum in Washington, Malhotra emphasized that...
by Team Small News | Apr 27, 2025 | Equitas Small Finance Bank, Jana Small Finance Bank, RBI, Utkarsh Small Finance Bank
For senior citizens seeking safe investment options, bank fixed deposits (FDs) can be an attractive choice, with some small finance banks offering interest rates up to 9.1% for a three-year tenure. These rates are applicable for FDs below Rs 3 crore and are...