Recalling his days as a young Field Officer in SBI, Swaminathan said officers took pride in truly knowing their customer ...

The Reserve Bank of India (RBI) has issued the Prepayment Charges on Loans Directions, 2025 on July 2, 2025. These will come into effect for all loans sanctioned or renewed on or after January 1, 2026 ...

According to the Reserve Bank of India (RBI) guidelines, all banks are required to categorise customers based on risk profiles into Low Risk, Medium Risk, and High Risk categories. This classification ...

The Reserve Bank of India (RBI) has mandated stricter due diligence for onboarding Aadhaar Enabled Payment System Touchpoint Operators (ATOs) to combat rising fraud. Banks must now conduct KYC for ...

In a bid to strengthen customer protection and bolster trust in Aadhaar Enabled Payment System (AePS) transactions, the Reserve Bank of India (RBI) today issued new compliance directives for banks and ...

New KYC, monitoring and one-bank rule for operators to take effect from 1 January 2026 In a bid to bolster the security framework of Aadhaar Enabled Payment System (AePS) transactions and tackle ...

The Reserve Bank on Friday issued directions to banks on onboarding Aadhar Enabled Payments System touchpoint operators to enhance security. The RBI has asked the acquiring bank to carry out due ...

Reserve Bank of India (RBI) has imposed a penalty of Rs1 lakh each on four cooperative banks from south India for non-compliance with the directions issued by the banking regulator.