The Reserve Bank of India (RBI) notified the Reserve Bank – Integrated Ombudsman Scheme (RB-IOS), 2026 on 16 January 2026, replacing the 2021 scheme with the objective of further streamlining customer grievance redressal across RBI-regulated entities. The revised scheme will come into force from 1 July 2026 and reinforces the philosophy of “One Nation, One…
The RBI Priority Sector Lending (PSL) Master Directions, 2025, updated as on January 19, 2026, consolidate and supersede the earlier 2020 guidelines. These Directions apply to Commercial Banks, Regional Rural Banks (RRBs), Small Finance Banks (SFBs), Local Area Banks (LABs), and Urban Co-operative Banks (UCBs), excluding Salary Earners’ Banks. The revised framework aims to strengthen…
(This article clarifies on who is eligible ( the age, limit, qualification) including quantum of subsidy, bank loan and money to be bought up by the entrepreneur to start up a business for bank finance under PMEGP scheme.) Any individual, above 18 years of age. At least VIII standard pass for projects costing above Rs.10 lakh…