The IBPS Clerk exam is conducted every year, prelims and mains, to recruit clerk positions in the public sector banks all over India. This year IBPS Clerk mains exam will be conducted on the 29th November and 2nd December 2025 online at all major metro cities in India, state-wise. To crack the IBPS Clerk mains … Read more
RBI, the father of the bank, has penalized the three cooperative banks running at different levels in the states. RBI has the full authority to impose penalties and charge the amount if any financial institution or bank does not follow the basic Guidelines. Three banks did not follow the regulations of the rules made by … Read more
Everyone is waiting for the implementation of the New GST Rates after the announcement on the occasion of Independence Day. On Independence Day, Narendra Modi announced that reduce the GST charge on all daily-use goods in the coming days. On the Eve of Navaratri, on the 22nd of September, these new GST rates will be … Read more
Fitch Ratings has affirmed India’s sovereign credit rating at ‘BBB-’ with a stable outlook. This is the lowest investment-grade rating. The agency’s decision is underpinned by India’s robust economic growth and solid external finances. Fitch’s forecast for India’s GDP growth is 6.5% for the fiscal year ending March 2026 (FY26), which is unchanged from FY25. This figure is significantly higher than the median of 2.5% … Read more
The Pradhan Mantri Jan Dhan Yojana (PMJDY), India’s flagship financial inclusion programme launched on 28th August 2014 by Prime Minister Narendra Modi, has completed 11 successful years. Marking this occasion, Union Finance Minister Nirmala Sitharaman announced that over 560 million (56 crore) Jan Dhan accounts have been opened, transforming the lives of millions by giving … Read more
The Reserve Bank of India (RBI) released the Internal Working Group (IWG) report in 2025 reviewing its Liquidity Management Framework. Liquidity management is at the heart of effective monetary policy, ensuring smooth control over short-term interest rates, market stability, and monetary transmission. This review highlights challenges and suggests reforms to make India’s financial markets more … Read more
The State Bank of India (SBI), India’s largest lender by assets, has urged the Reserve Bank of India (RBI) to allow banks to finance mergers and acquisitions (M&A). Current Rule Under existing regulations, Indian banks are barred from lending for acquisitions. Companies currently rely on NBFCs or raise money via corporate bonds to fund such … Read more
The Reserve Bank of India (RBI) is set to roll out a new cheque clearing system starting October 4, 2025, that will reduce the processing time from two working days to just a few hours. This marks a major shift towards faster, more reliable, and customer-friendly banking services. Current System vs New System Current system: … Read more
In a strategic move to support India’s capital markets while addressing concerns of large corporates, the Securities and Exchange Board of India (SEBI) has proposed relaxing the Minimum Public Offer (MPO) norms for very large companies launching initial public offerings (IPOs). This comes as part of SEBI’s efforts to reduce the stake dilution burden and … Read more
In a significant development for India’s financial services sector, Kotak Mahindra International has become the first Indian company to receive a license from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE). This license grants permission for Investment Fund Management and Portfolio Management, opening up new opportunities for cross-border financial operations and … Read more