Others News

FM Sitharaman Reviews UPI, Internet Banking Security Amid Rising Border Concerns

10 May 2025 at 08:56

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs meeting to review banking sector's operational and cybersecurity preparedness, including digital applications such as internet banking and UPI

Posted in Others | 1440 Views

RBI issues Reserve Bank of India (Digital Lending) Directions, 2025

10 May 2025 at 08:47

Reserve Bank of India has from time to time issued various directions and circulars on digital lending by Regulated Entities (REs).

Posted in Others | 168 Views

Finance Ministry Brings Key Payment Law Amendments into Force from 9th May 2025

07 May 2025 at 09:00

The Ministry of Finance has officially notified that Sections 152 and 153 of the Finance Act, 2017, which amend the Payment and Settlement Systems Act, 2007, will come into force from May 9, 2025.

Posted in Others | 3198 Views

ED Registers 5113 PMLA Cases Over a Decade

03 May 2025 at 08:37

Between 2014 to 2024, 5,113 new PMLA investigations initiated: ED Director Shri Rahul Navin

Posted in Others | 189 Views

Shri Arvind Shrivastava takes charge as Secretary, Department of Revenue, Ministry of Finance

02 May 2025 at 08:44

The Appointments Committee of the Cabinet on 18th April 2025 appointed Shri Shrivastava as the Secretary, D/o Revenue.Previously, Shri Shrivastava, a 1994-batch Indian Administrative Service (IAS) officer of the Karnataka cadre, served as Joint Secre

Posted in Others | 141 Views

FM Nirmala Sitharaman Targets 1 Billion UPI Transactions Per Day Within 2-3 Years

30 April 2025 at 08:57

Union Finance Minister Nirmala Sitharaman has set an ambitious roadmap for India's digital payments ecosystem, emphasizing the need to achieve one billion Unified Payments Interface (UPI) transactions per day within the next two to three years.

Posted in Others | 270 Views

RBI Revises FEMA Compounding Rules: Penalty Capped at Rs 2 Lakh

28 April 2025 at 08:33

RBI has introduced a key amendment to its compounding framework under the Foreign Exchange Management Act (FEMA), 1999. As per A.P. (DIR Series) Circular No. 04/2025-26

Posted in Others | 1878 Views

Finance Ministry Includes I4C Under PMLA to Fight Money Laundering Linked to Cybercrime

26 April 2025 at 08:52

Ministry of Finance has notified the inclusion of the Indian Cyber Crime Coordination Centre (I4C) under the list of agencies authorized to receive information under the PMLA 2002.

Posted in Others | 1152 Views

RBI Mandates '.bank.in' Domain for Banks by 31st October 2025

24 April 2025 at 08:42

In a strategic move to curb digital fraud and bolster cybersecurity in India's financial sector, the Reserve Bank of India (RBI) has announced the operational rollout of the exclusive Internet domain '.bank.in' for all banking institutions.

Posted in Others | 216 Views

RBI Issues New Guidelines: Minors Above 10 years Can Now Operate Bank Accounts Independently

22 April 2025 at 08:38

Reserve Bank of India has issued guidelines in the past to banks on opening of and operations in the deposit accounts of minors.

Posted in Others | 3222 Views