Learn about the Financial Fraud Risk Indicator (FRI) and how it’s revolutionizing fraud detection in Indian banking. What is the Financial Fraud Risk Indicator (FRI)? How Banks Will Use FRI Real-Time Protection Using API A Big Step for Safer Digital Banking Key Takeaways for Competitive Exams
The State Bank of India (SBI) has inaugurated new Global Trade Finance Centres in Kolkata and Hyderabad, marking a significant milestone in the bank’s journey. These centers aim to revolutionize international trade operations and enhance customer experience by leveraging digital technologies. Empowering Trade with SBI’s Global Centers: Digital Transformation for Enhanced Trade: A Glimpse into … Read more
In a significant move, the Securities and Exchange Board of India (SEBI) has taken action against Jane Street, a global giant in quantitative trading, for alleged market manipulation. Let’s delve deeper into the details of this regulatory development. Overview of Jane Street Jane Street’s India Operations Establishment in India Jane Street has set up four … Read more
Reaching the Heart of India: SBI’s Rural Expansion SBI Today: A Global Financial Powerhouse From the Presidency Banks to SBI: A Two-Century Evolution A Record-Breaking FY25 Performance SBI on the Stock Market: A Journey of Trust and Growth Banking on Innovation: YONO and Beyond Key Takeaways for Competitive Exams
Learn about the Goods and Services Tax (GST) in India, its historical background, key features, rate structure, and significance for the economy. Prepare for competitive exams with this comprehensive guide. What is GST? The Goods and Services Tax (GST) is a destination-based indirect tax on the supply of goods and services. It simplifies the taxation … Read more
In response to a surge in fraudulent activities within Aadhaar Enabled Payment System (AePS) transactions, the Reserve Bank of India (RBI) has issued a set of stringent new guidelines aimed at strengthening the operational framework of AePS touchpoints. Effective from January 1, 2026, the revised norms require stricter KYC, activity monitoring, and a ‘one operator-one … Read more
Launched in December 2022, the e-rupee, India’s Central Bank Digital Currency (CBDC), has rapidly grown to become a significant player in the digital payments landscape. The e-rupee witnessed exponential growth, reaching a circulation of over Rs 1,000 crore by March 2025, according to the RBI’s annual report. Key Highlights: What Is e-Rupee and How Does … Read more
Several major Indian banks — including SBI, HDFC Bank, and Kotak Mahindra Bank — have announced major updates to their credit card terms and conditions, effective from July 2025. The changes include revised reward programs, new transaction fees, modifications to insurance coverage, and updated policies for card replacements. Cardholders are urged to carefully review these … Read more
Overview In a move to enhance transparency and accountability in the insurance sector, the Insurance Regulatory and Development Authority of India (IRDAI) has fined Edelweiss Life Insurance Company ₹1 crore for violations of corporate governance norms, particularly related to outsourcing and policyholder KYC compliance. Why is this in the News? The recent order dated June … Read more
India’s Unified Payments Interface (UPI) is gaining momentum and is poised to overtake global giant Visa in daily transaction volumes. This growth marks a significant milestone in the digital payment landscape, positioning UPI as a leading platform globally. Key Highlights Driving Factors Behind UPI’s Surge Expert Insights Background – What is UPI? Summary/Static Details Key … Read more
Join Telegram
