RBI Caps Rupee Open Positions At $100 Million

By BPN News Desk March 28, 2026

Finance

The Reserve Bank of India has capped banks’ net open positions in the rupee at $100 million in the onshore deliverable market, in a move aimed at containing currency volatility after the rupee fell to a record low against the US dollar. The step comes as pressure on the Indian currency has

Business Finance

India Allows Banks to Sponsor Pension Funds Under NPS

By BPN News Desk January 2, 2026

The Pension Fund Regulatory and Development Authority (PFRDA) has given in-principle approval for scheduled commercial banks to independently sponsor and manage pension funds under the National Pension System (NPS). This marks a major change in pension fund regulations, as banks were previously limited in their role within the pension investment ecosystem. Under the new

Law & Order National

15 Declared as Fugitive Economic Offenders, ₹58,082 Crore Owed

By BPN News Desk December 2, 2025

The Union government has told Parliament that 15 individuals have been formally declared as “Fugitive Economic Offenders” (FEOs) under the Fugitive Economic Offenders Act, 2018 (FEOA). These individuals, including high-profile names such as Vijay Mallya and Nirav Modi, collectively owe Indian public sector banks a sum of ₹58,082 crore — consisting of ₹26,645 crore

Expert Opinions Opinion

Trump’s Tariff War Just Bled The US Banks Dry

By BPN News Desk November 6, 2025

The Federal Reserve just quietly injected $125 billion into the veins of the American banking system in a matter of five days. That’s right—while President Donald Trump boasts about reviving American industry and making “America First” great again, the nation’s central bank was busy running a silent rescue operation to prevent a liquidity crisis. It’s […]

Finance

RBI Governor Urges Banks to Streamline KYC Processes and Enhance Customer Service

By Editor - News Desk March 19, 2025

Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged banks and non-banking financial companies (NBFCs) to cease the practice of repeatedly requesting ‘Know Your Customer’ (KYC) documents from customers. Speaking at the annual conference of RBI Ombudsmen, Malhotra emphasized that once a customer submits KYC documents to any financial institution

Finance Government Policies

RBI Mandates Banks to Offer Fixed Interest Rate Loan Products

By Editor - News Desk January 11, 2025

RBI requires banks to provide fixed interest rate loan options to customers.