Starting July 16, 2025, Indian government payments over ₹75 crore must be processed through the RBI’s e-Kuber system for greater transparency and efficiency in fund management. Overview Effective July 16, 2025, all Indian government payments exceeding ₹75 crore will be mandated to utilize the RBI’s e-Kuber system. The initiative aims to enhance transparency, accelerate processing, … Read more
Trinidad and Tobago recently became the eighth country and the first in the Caribbean to offer UPI (Unified Payments Interface) services to Indian travelers. This initiative allows Indian visitors to make direct payments in rupees using their mobile UPI apps. The announcement was made during Prime Minister Narendra Modi’s visit to the country. What Is … Read more
Indian Bank and Punjab National Bank (PNB) have recently announced the removal of penalties for not maintaining a minimum balance in savings accounts. These changes aim to enhance banking accessibility, particularly for individuals from rural or low-income backgrounds. Big Relief for Account Holders Lower Interest Rates for Borrowers Indian Bank has not only waived balance … Read more
Mashreq, a leading bank from the United Arab Emirates (UAE), has been granted in-principle approval to establish a branch in GIFT City, Gujarat, India, becoming the inaugural UAE-based bank to venture into India’s international financial center. This advancement marks a significant stride in fortifying financial relations between India and the UAE and bolstering global banking … Read more
A recent report by SBI Research reveals that the State Bank of India (SBI) made a significant impact on the global economy, contributing $44 billion in the financial year FY25. This contribution highlights SBI’s pivotal role in both India’s economic growth and the overall world economy. India’s Growing Influence in Global Economy In FY25, the … Read more
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
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