The final norms approved extending co-lending arrangements to all commercial banks (excluding small finance banks), financial ...

RBI granted AU Small Finance Bank ‘in-principle’ approval on August 7 to transition into a Universal Bank, following the bank’s voluntary application submitted on September 3, 2024.

The circular also stated that banks must inform the nominee or survivor that they are receiving the money as a trustee on ...

Claiming an unclaimed deposit in the absence of a nominee is a painstaking process. Moreover, it is not standardised, and ...

The Reserve Bank of India (RBI) has released a new master circular, introducing significant relaxations in approvals for ...

RBI's draft circular outlines simplified procedures for banks to settle claims of deceased customers promptly and fairly.

The RBI has decided to streamline the procedures and standardise the documentation to be submitted to the banks for ...

Governor Malhotra also said that the central bank will be standardising the procedure for settlement of claims in respect of ...

The RBI maintains its repo rate at 5.5% amidst stable growth and moderating inflation. New policies will standardize claims ...

Under the new guidelines, a single regulated entity (RE), which includes commercial banks, cooperative banks, all-India ...

The Reserve Bank of India (RBI) is set to standardise the claim settlement process for deceased customers' bank accounts and ...