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Who Left ₹1 Lakh Crore Behind? RBI Reveals the Shocking Pile of Unclaimed Bank Deposits
— Surya Prakash Josyula There could be an old bank passbook somewhere in your house. You may not remember how much money is in the account. You may not even remember who opened it. Years may have passed, but the money could still be sitting in the bank. Now, imagine this happening across millions...
August 15, 2026 | 07:42 PMAre Loan Recovery Agents Threatening You at Home? What RBI’s New Rules Say
— Surya Prakash Josyula You miss one EMI. Your phone starts ringing. Not once, but ten times. Calls come in the morning, afternoon and even late at night. Then come WhatsApp messages. Finally, a recovery agent may show up at your home and try to embarrass you in front of your family. For many bor...
August 10, 2026 | 07:30 PMRBI Keeps Repo Rate Steady at 5.25% Amid Geopolitical Tensions
Following the conclusion of the three-day Monetary Policy Committee meeting, the Reserve Bank of India (RBI) announced that it is keeping key interest rates unchanged. Consequently, the crucial repo rate will remain steady at 5.25 percent. RBI Governor Sanjay Malhotra announced that the Standing ...
August 10, 2026 | 10:55 AMSupreme Court Issues Directions to Tackle Digital Fraud, Asks RBI to Circulate SOP
To combat the alarming rise in online frauds and curb the use of illegal mule accounts across the country, the Supreme Court has issued strict directives. The apex court has ordered the Reserve Bank of India (RBI) to draft a Standard Operating Procedure (SOP) within the next four weeks. This SOP,...
August 8, 2026 | 07:52 AMThe Many Benefits of Replacing Paper Notes With Plastic Ones
It is extremely common for frequently used ₹10, ₹20, and ₹50 notes to get soiled, torn, or damaged by water within just a few months. Because the currency currently circulating in India is made from 100% cotton fiber, its durability is significantly low. To combat this, the Reserve Bank of India ...
July 27, 2026 | 10:01 AMRBI Takes First Step Toward Polymer Currency Notes, Invites Bids for Substrate Material
India has officially taken the first significant step toward introducing polymer currency notes. The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a subsidiary of the Reserve Bank of India (RBI), has invited bids from domestic and international manufacturers for the supply of poly...
July 26, 2026 | 11:13 AMRBI Asks Banks to Sell Immovable Assets From Bad Loans Within 7 Years
In a major move to accelerate the recovery of mounting bad loans, the Reserve Bank of India (RBI) has introduced stringent new guidelines for the banking sector. The central bank has mandated that immovable properties seized by banks from defaulting borrowers must be sold through public auctions ...
July 22, 2026 | 07:45 AMRBI’s Currency Printing Arm Invites Bids for Polymer Note Material
India has officially taken the first significant step toward introducing polymer currency notes. The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a subsidiary of the Reserve Bank of India (RBI), has invited bids from domestic and international manufacturers for the supply of poly...
July 19, 2026 | 10:29 AMRBI Ombudsman Scheme 2026: Claim Up to ₹33 Lakh Compensation for Bank Grievances
The Reserve Bank of India (RBI) has introduced a powerful new mechanism for customers frustrated by deficient services from banks and financial institutions. If you have suffered financial losses due to poor banking services and your initial complaints have been ignored, the newly launched Reserv...
July 19, 2026 | 09:52 AMBank Deposits Surge by ₹7 Lakh Crore in a Fortnight; Third Highest Jump in 29 Years
The domestic banking sector has witnessed an unprecedented influx of capital, recording a historic surge in deposits in just a fortnight. According to the latest report released by public sector giant SBI Research, a staggering ₹6.97 lakh crore in new deposits was infused into the banking system ...
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