by Team Small News | Mar 29, 2025 | Banking, RBI
The Reserve Bank of India (RBI) has announced an increase in the aggregate limit for Standalone Primary Dealers (SPDs) under the Standing Liquidity Facility starting April 2, 2025. The new limit will be ₹15,000 crore, up from the current ₹10,000 crore. This move is... by Team Small News | Mar 28, 2025 | Banking, RBI
The Reserve Bank of India (RBI) has urged non-bank lenders (NBFCs) to adopt fairness in lending and recovery, while also putting in place robust grievance redressal mechanisms. This warning was made by RBI Deputy Governor J Swaminathan at a conference in Chennai,... by Team Small News | Mar 28, 2025 | Banking, HDFC Bank, RBI
Tata Neu and HDFC Bank’s co-branded credit card has achieved a significant milestone, surpassing 2 million issuances and accounting for over 13% of new credit cards issued in the third quarter of FY25, according to RBI data. The card’s popularity can be...
by Team Small News | Mar 27, 2025 | Banking, Canara Bank, Punjab National Bank, RBI, State Bank of India
The State Bank of India (SBI) has generated substantial revenue from ATM cash withdrawals, whereas other public sector banks (PSBs) have faced financial challenges in this area. According to a response in the Lok Sabha, SBI made a profit of Rs 2,043 crore from ATM... by Team Small News | Mar 27, 2025 | Banking, Punjab National Bank, RBI
Punjab National Bank (PNB) has issued a notification to its customers to update their Know Your Customer (KYC) details by April 10. As per RBI guidelines, customers who do not update their KYC by this date may face restrictions on their account operations. To update...
by Team Small News | Mar 27, 2025 | Banking, RBI, State Bank of India
The Telangana High Court is investigating the role of banks, particularly the State Bank of India (SBI) Keezhmad branch in Ernakulam, Kerala, in cyber fraud cases. The court is examining whether the bank adhered to Reserve Bank of India (RBI) guidelines when allowing...