New Delhi, February 17, 2026: The Department of Financial Services (DFS) convened the tenth meeting of the Monitoring Committee on Business Correspondents (BCs), reviewing progress on financial inclusion initiatives and strengthening the BC ecosystem across the country. High-Level Participation The meeting was chaired by Shri M. Nagaraju, Secretary, DFS, and…
Tag: #DigitalBanking
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RBI Launches Financial Literacy Week 2026 on Safe Banking
The Reserve Bank of India (RBI) has launched Financial Literacy Week 2026 (FLW-2026), a nationwide awareness campaign aimed at strengthening safe banking practices among citizens, with a sharp focus on Know Your Customer (KYC) norms. The initiative underscores KYC as the first and most critical step toward protecting individuals from…
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Bank Strike on Jan 27 to Disrupt PSB Services Across India
Banking services at public sector banks across India are likely to face significant disruption on Tuesday, January 27, as bank employee unions proceed with a nationwide strike demanding the immediate implementation of a five-day work week. The strike has been called by the United Forum of Bank Unions (UFBU), an…
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Chouhan Felicitates Lakhpati Didis on Republic Day 2026
Union Minister for Rural Development, Agriculture and Farmers’ Welfare, Shri Shivraj Singh Chouhan, felicitated over 400 Lakhpati Didis, PMAY-G beneficiaries, and Self-Help Group (SHG) leaders at the “Samriddh Didi se Samriddh Rashtra | Republic Day Felicitation Ceremony, 2026” in New Delhi. The event, held at Bharat Ratna C. Subramaniam Auditorium,…
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CCI Clears Emirates NBD Acquisition in RBL Bank
The Competition Commission of India (CCI) has approved Emirates NBD Bank (P.J.S.C.)’s proposed acquisition of up to 74% shareholding in RBL Bank Limited (RBL), following regulatory compliance and strategic arrangements. The combination includes a preferential allotment, mandatory open offer, and the merger of ENBD’s Indian banking operations with RBL on…
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Profits Surge, NPAs Decline: India’s Banks Strong
India’s banking sector is emerging from a decade of challenges with renewed strength, stability, and global confidence. Supported by reforms, digital transformation, and disciplined balance sheet management, the sector is delivering its strongest performance in years with record-low non-performing assets (NPAs), robust profitability, and sustained credit expansion. According to data…
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IEPFA Boosts Financial Literacy with Niveshak Didi & CFL
New Delhi : The Investor Education and Protection Fund Authority (IEPFA) has reinforced India’s financial awareness ecosystem through a wide-ranging investor-focused outreach that leverages community networks, postal channels and public awareness drives. Combined efforts under the Centre for Financial Literacy (CFL), Financial Awareness Messages (FAME), Financial Literacy Centres (FLCs) and…
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Diwali 2025: Are Banks Open or Closed Today?
While Indian stock exchanges hold a special Muhurat trading session on Diwali, bank operations follow a state-wise holiday calendar announced by the Reserve Bank of India. On Tuesday, October 21, 2025 (Diwali/Deepavali & Govardhan Puja), many bank branches are closed in several cities while most branches in major metros remain…