The important rules of the Banking Regulation Act, 1949?
Updated on 27.08.2025 The Banking Regulation Act, of 1949 is legislation in India that regulates all banking firms in India. Initially, the law applied only to banking companies. But, in 1965 it was amended to make it applicable to cooperative banks. The Banking Regulation (Amendment) Bill, 2020 amends the BR Act to expand RBI’s regulatory…
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India’s Cheque Clearing System to Get Real-Time Upgrade from October 2025
Mumbai, August 2025 – The Reserve Bank of India (RBI) has announced a significant overhaul of the country’s cheque clearing process, promising to reduce settlement times from days to mere hours. The new system, set to be implemented from October 4, 2025, will shift cheque processing from the existing batch-based method to a continuous, real-time…
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RBI Drafts Standardised Procedures for Settlement of Deceased Customers’ Claims
Mumbai, August 11, 2025 — The Reserve Bank of India (RBI) has proposed a set of uniform procedures for the settlement of claims relating to bank accounts, safe deposit lockers, and articles kept in safe custody of deceased customers. The move seeks to make the process faster, simpler, and more transparent for claimants. The central…
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Preference Shares: Meaning, Types, and features
The share capitals of a company are of two types namely Equity Shares and Preference Shares. Equity shares are non-refundable to shareholders during the lifetime of the company. Unlike preference shares, there will be no fixed rate of dividend to be paid to the equity shareholders and this rate may vary from year to year.…
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RBI Announces Introduction of Auto-Bidding Facility in Retail Direct for T-Bills
Statement on Developmental and Regulatory Policies – Key Highlights The Reserve Bank of India (RBI), in its latest Statement on Developmental and Regulatory Policies, has announced the *introduction of auto-bidding facilities in the RBI Retail Direct portal* for *investment and re-investment in Treasury Bills (T-bills)*. Automated bidding, also known as programmatic bidding is a strategy…
REPO rate: Decisions of the Monetary Policy Committee (MPC)
The Monetary Policy Committee (MPC) convened on August 4th, 5th, and 6th to deliberate on the prevailing macroeconomic and financial conditions and to decide on the policy repo rate. Following a comprehensive assessment of the evolving economic landscape and future outlook, the MPC unanimously voted to maintain the status quo on key policy rates. Accordingly:…
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