About 89 percent of the 2,000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life-span of 4-5 years
Banking

RBI withdraws Rs.2000 notes from circulation; to continue as legal tender

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PM Jan Dhan Yojana has helped the Govt of India make inroads in rural areas and bring underprivileged sections of society under the banking net
Banking

PM Jan Dhan Yojana speedily narrows banking gap in India, empowers...

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Sound policies of RBI, adherence to international regulatory norms provide Indian banking system the resilience to face the bolt of the turbulent Western winds
Banking

Amid looming global banking crisis, Indian banking system shown impressive resilience

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The accused persons showed fictitious sales/ purchase transactions, fudged the accounts and siphoned off the funds, resulting in non-payment of outstanding loans
Banking

CBI files FIR against Loha Ispaat in Rs.1,017 cr bank fraud

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Govt emphasized that sponsor banks, in partnership with NABARD, need to proactively handhold their respective RRBs for facilitating technology adoption
Banking

Government directs regional rural banks to achieve viability plan targets within...

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Strange that India’s media is silent on the fines levied on one of their own, TImes of India and Samir Jain - mistake is a mistake
Banking

SEBI slaps fine of Rs.36 crore on Times of India owner...

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As per reports, the woman is forced to physically collect her pension as her thumbprint doesn't match her records
Banking

Sitharaman asks SBI to ‘act humanely’; tags video of an old...

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In 2022, UPI clocked over 74.05 billion transactions in volume and Rs.126 trillion in terms of value
Banking

India saw 88 billion payment transactions worth Rs.150 trillion in 2022,...

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India's bilateral trade with China fell by 1.5 percent in 2022-23 to $114 billion, compared to $115 billion in 2021-22
Banking

A surge of 8% in trade between India and the US;...

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The banking sector displayed a 45 percent YoY growth fueled by the expansion of digital banking services in the rapidly evolving global economy
Banking

Job vacancies in India’s banking, financial services and insurance sector see...

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