RBI NEWS

RBI Cancels Registration of Four NBFCs

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The Reserve Bank of India (RBI) recently announced the cancellation of the Certificate of Registration (CoR) for four Non-Banking Financial Companies (NBFCs). This decision was made under Section 45-IA (6) of the RBI Act, 1934,  Details of the Cancellation The following NBFCs have surrendered their CoR: Exit from NBFC Business Sicom Investments & Finance Limited … Read more

New ATM Transaction Rules by RBI: What You Need to Know

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Starting May 1, 2025, the Reserve Bank of India (RBI) has introduced revised ATM transaction rules. These changes primarily focus on free transaction limits and increased charges for exceeding those limits. If you frequently withdraw cash or check your balance at ATMs, here’s what you need to know. Key Changes in ATM Transaction Rules Customers … Read more