RBI
Moneylife Digital Team 13 June 2025
The Reserve Bank of India (RBI) has issued fresh guidelines aimed at easing the process of know-your-customer (KYC) updates, especially for accounts linked to government benefit transfers such as Pradhan Mantri Jan Dhan Yojana (PMJDY) and direct benefit transfer (DBT).

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Moneylife Digital Team 06 June 2025
As expected, the Reserve Bank of India (RBI), in its third monetary policy committee (MPC) meeting for 2025, decided to cut the repo rate, the central bank's rate for short-term loans to banks, by 50bps (basis points) to 5.5% from 6%. Consequently, the standing deposit facility (SDF) rate is lowered to 5.25%, and the marginal standing facility (MSF) rate and the bank rate are reduced to 5.75%.

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Moneylife Digital Team 23 May 2025
The Reserve Bank of India (RBI) has approved a revised economic capital framework (ECF), introducing key changes aimed at strengthening the central bank’s risk resilience while allowing greater flexibility in the transfer of surplus to the government.

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Moneylife Digital Team 09 April 2025
As expected, the Reserve Bank of India (RBI), in its second monetary policy committee (MPC) meeting for 2025, decided to cut the repo rate, the central bank's rate for short-term loans to banks, by 25bps (basis points) to 6.0% from 6.25%. Consequently, the standing deposit facility (SDF) rate is lowered to 5.75%, and the marginal standing facility (MSF) rate and the bank rate are reduced to 6.25%.

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Moneylife Digital Team 09 April 2025
The Reserve Bank of India (RBI) has issued a comprehensive draft framework to regulate gold loans across all financial entities, aiming to plug regulatory gaps, enhance borrower protection, and bring uniformity in how loans against gold and silver collateral are sanctioned, serviced, and recovered.

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Moneylife Digital Team 18 March 2025
Calling for a paradigm shift in grievance redressal through the adoption of artificial intelligence (AI), Reserve Bank of India (RBI) governor Sanjay Malhotra emphasised the importance of leveraging AI technology to streamline customer complaints and build consumer trust.

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Moneylife Digital Team 21 January 2025
Modifying its guidelines on the settlement of dues of borrowers by asset reconstruction companies (ARCs), the Reserve Bank of India (RBI)

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Moneylife Digital Team 30 December 2024
While asking the National Payments Corporation of India (NPCI) to develop a facility to allow customers to use online fund transfer systems in real-time gross settlement (RTGS) and national electronic funds transfer (NEFT), the Reserve Bank of India (RBI) has advised banks to offer the name lookup facility to customers from 1 April 2025.

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Shaktikanta Das, the 25th Governor of the Reserve Bank of India (RBI), demitted office on Monday, leaving an impressive legacy of navigating several crises during his six-year tenure.

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Moneylife Digital Team 09 December 2024
Sanjay Malhotra, an officer from the Indian Administrative Services (IAS) serving as the revenue secretary in the Union finance ministry, has been appointed as the new governor of the Reserve Bank of India (RBI).

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Moneylife Digital Team 18 October 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs7 lakh on three cooperative banks and a non-banking financial company (NBFC) for failing to comply with the directions issued by the banking regulator.

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Chandramouli Mohan 11 October 2024
When was the last time you were hit with a late fee and thought, “Well, this seems fair”? Suppose you missed a loan payment or delayed submitting financial documents to your bank.

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Moneylife Digital Team 11 October 2024
Reserve Bank of India (RBI) has directed asset reconstruction companies (ARCs) to become members of all four credit information companies (CICs) and submit the requisite data to them in the prescribed format.

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Moneylife Digital Team 09 October 2024
The monetary policy committee (MPC) of Reserve Bank of India (RBI), for the tenth consecutive time, decided to maintain the status quo on the repo rate, the central bank's rate for short-term loans to banks, unchanged at 6.5%.

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Moneylife Digital Team 23 August 2024
Reserve Bank of India (RBI) has cancelled the certificate of registration (CoR) of Margdarshak Financial Services Ltd, a non-banking financial company (NBFC) based in Lucknow, effective 20 August 2024.

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Moneylife Digital Team 06 August 2024
Reserve Bank of India released a draft circular laying down principles for managing model risks in credit for banks and other regulated entities (Res) to ensure prudence and robustness.

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Moneylife Digital Team 01 August 2024
To broaden the range of authentication factors available to payment system operators (PSOs) and users, enhancing both security and convenience, Reserve Bank of India (RBI) released a draft framework on alternative authentication mechanisms in digital payment transactions.

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Moneylife Digital Team 29 July 2024
Reserve Bank of India (RBI) penalised three payment system operators (PSO), namely Manappuram Finance Ltd, Ola Financial Services Pvt Ltd, and Visa Worldwide Pte Ltd, for non-compliance with the regulator’s guidelines.

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Moneylife Digital Team 24 July 2024
Reserve Bank of India (RBI) has cancelled the certificate of registration (CoR) of Assam-based Mahabhairab Cooperative Urban Bank Ltd due to the lender's inadequate capital and poor earnings prospects.

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