RBI’s Transition of Urban Co-operative Banks (UCBs) to the PCA Framework: The Reserve Bank of India (RBI) will transition approximately 500 financially weak Urban Co-operative Banks (UCBs) from the Supervisory Action Framework (SAF) to the Prompt Corrective Action (PCA) framework starting April 1, 2025. This move aims to strengthen regulatory oversight and ensure timely remedial […]
Tag: 4th Apr 2025
RBI Revises Norms on Government-Guaranteed Security Receipts
RBI Revises Norms on Government-Guaranteed Security Receipts: The Reserve Bank of India (RBI) has introduced new guidelines for Government of India-guaranteed Security Receipts (SRs) issued by Asset Reconstruction Companies (ARCs). These regulations aim to differentiate sovereign-backed SRs from ordinary SRs, providing banks with greater flexibility in provisioning while ensuring stricter capital discipline. The move is […]
Warangal Chapata Chilli Receives GI Tag
Warangal Chapata Chilli Receives GI Tag: Development for farmers in Telangana, the Chapata Chilli, also known as Tomato Chilli, has received the Geographical Indication (GI) tag. This milestone is expected to benefit around 20,000 farmers in the Warangal region by increasing their income and boosting market demand for this unique chilli variety.The Warangal Chapata Chilli […]
RBI Conference on Strengthening Large NBFCs Held in Chennai
RBI Conference on Strengthening Large NBFCs Held in Chennai: The Reserve Bank of India (RBI) hosted a conference for large-sized Non-Banking Financial Companies (NBFCs) on March 28, 2025, in Chennai. The event was attended by Chairpersons of the Audit Committee of the Board (ACB), MD & CEOs, and Statutory Auditors of various NBFCs. Under the […]
Revision in ATM withdrawal charges
Revision in ATM withdrawal charges: The Reserve Bank of India (RBI) has announced a revision in ATM withdrawal charges, which will come into effect from May 1, 2025. As per the new rule, banks can now charge customers up to Rs 23 per transaction for withdrawals exceeding the monthly free limit. This is an increase […]
