New rules allow up to four nominees for bank deposits and lockers to reduce unclaimed funds, requiring consent for changes.
With the new rules, depositors will get more flexibility in nominating beneficiaries for their bank deposits, lockers, and ...
IFSCA issues consultation paper proposing mandatory dematerialisation of securities by IFSC entities through IFSCA-registered depositories; comments invited till November 16, ...
The move aims to ensure greater uniformity, transparency and efficiency in claim settlements across the banking system, the ...
A deep dive into RBIs October 2025 policy and its blueprint for banking resilience through the ECL framework, Basel III, and ...
UIDAI has announced new Aadhaar rules for 2025 including higher update fees, stricter KYC norms, PAN-Aadhaar linking mandates, and revised biometric policies to enhance data security and digital ...
Enabling banks to fund corporate acquisitions marks a structural shift, with implications for corporates, banks, and private ...
IFSCA has issued detailed norms on composition of MII boards, mandating diverse expertise and a transparent process for appointing and reviewing Public Interest Directors ...
O.P. Singh talks about how a magnet city must open the front door: fair leases, escrowed deposits, and time-bound grievance redress for young, single founders in Gurugram.
In a significant reform aimed at enhancing customer convenience and transparency in banking operations, the Union ministry of finance (MoF) on Thursday announced that key provisions of the Banking ...
Both funds failed to disclose their ultimate beneficial owners. SEBI’s investigation later found that Elara and Vespera were ...
Gold savings plans promise an easier way to buy the precious metal by spreading out the cost over a year or more. But some ...
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