Travel Guidelines for Indian Citizens Visiting Nepal and Bhutan
Planning a trip to Nepal or Bhutan is always special for Indian travellers — two neighbouring countries blessed with natural beauty, cultural depth, and spiritual charm. The best part is that both destinations share deep historical and cultural ties with India, making travel smoother and more welcoming for Indian citizens. However, before you set out…
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🌱 How to Apply for a PMEGP Loan Online
The Prime Minister’s Employment Generation Programme (PMEGP) is a credit-linked subsidy scheme that helps people start their own small businesses. It is managed by the Ministry of MSME and implemented by the Khadi and Village Industries Commission (KVIC) along with State Khadi Boards and District Industries Centres. The scheme aims to promote self-employment and create…
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RBI’s Draft Internal Ombudsman Directions, 2025: A Step Towards Stronger Customer Protection
The Reserve Bank of India (RBI) has issued the draft Internal Ombudsman (IO) Directions, 2025, aiming to strengthen the in-house grievance redressal mechanism across banks, NBFCs, and other regulated entities. This move is part of RBI’s ongoing efforts to ensure faster, fairer, and more transparent complaint handling before cases reach the external ombudsman system. 🔍…
Read article RBI Releases Draft Ombudsman Scheme 2025: Stronger Consumer Protection & Faster Grievance Redressal
The Reserve Bank of India (RBI) has released the draft Reserve Bank – Ombudsman Scheme, 2025, aimed at improving customer grievance redressal and enhancing accountability among regulated entities such as banks, NBFCs, and payment system operators. 🔑 Key Highlights * Higher Compensation Limits: Customers can now receive compensation of up to **₹30 lakh for…
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What is the concept of Priority Sector Lending?
Traditionally, banking was unknown to present day concept of priority sector lending. The commercial banks in India used to provide security oriented finance to trade and industry. Big industrial houses and traders were beneficiaries of security oriented lending concept and a large chunk of bank finance was enjoyed by them. The National Credit Council in…
RBI’s Draft Guidelines to strengthen Credit Risk and Provisioning Frameworks
Moving Towards a More Risk-Sensitive Banking System, the Reserve Bank of India (RBI) has released two important draft directions to strengthen the prudential framework for credit risk assessment and provisioning in line with international best practices under the Basel III reforms. 1. Draft Directions on Capital Charge for Credit Risk – Standardised Approach (2025) Aligning…
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