Starting 1 May, 2025ATM withdrawal will become in India Expensive In form of reserve Bank of India Has approved Interchange fee hike Due to growing Operating cost Of White-Lable ATM OperatorCustomer more than himself Free transactions limitations Will pay Additional ₹ 2 per financial transaction And ₹ 1 per non-financial transaction, Revised charge, ₹ 19 per cash withdrawal (Above ₹ 17) and ₹ 7 for Balance Inquiry (Above ₹ 6). Fees may increase Small bank customerWhereas Digital payment Keep growing, growing from ₹ 952 lakh crore (fy14) ₹ 3,658 lakh crore (FY23).
RBI amended the priority sector borrowing (PSL) norms, April 1, 2025
reserve Bank of India Has been revised Priority Sector Loan (PSL) Guidelineseffective 1 April, 2025To improve Debt access For Agriculture, MSMES, renewable energy, housing, education and social infrastructureMajor changes include High debt limit ,₹ 25 lakh for education, ₹ 8 crore for social infrastructure, ₹ 50 lakh for housing in metros, ₹ 35 crore for renewable energy projectsAnd ₹ 10 lakh for homes, UCBS ‘PSL target Set on 60% of ANBCwith 7.5% for micro enterprises And 12% for weaker sections, ‘Weaker sections’ category Now involved Vipulating, Small farmer, Artisans, Shg member, SC/ST, Disabled personAnd Minority communityBoosting Financial inclusion,
RBI HDFC Banks, Punjab and Sindh Bank, and KLM Axiva Finvest punish for non-transportation
But March 26, 2025, Reserve Bank of India (RBI) Penked on HDFC Bank (and 75 lakhs), Punjab and Sindh Bank () 68.20 lakhs), and KLM Acqua Finwest For Regulatory non-non-approval, HDFC Bank Was punished for KYC violationTo highlight the importance of anti-fraud measures. Punjab and banks are Penalty was faced for non-transportation Corporate exposure criteria And Financial inclusion guidelines Related to Basic savings bank deposit account (BSBDA)Penalty insists RBI strict enforcement of banking rules To ensure transparency and financial integrity.
Business news
JSW Steel becomes the world’s most valuable steel manufacturer with market capitalization over $ 30 billion
JSW SteelUnder the leadership of Sajjan jindalHas become World’s highest valuable steel manufacturercross US-based nuclear corp With Market capitalization is more than $ 30 billionStock price increase, arrival Rs 1,074.15 per share on BSEWas operated by Strong stock performance and government policies supporting domestic steel producersThis achievement place JSW Steel ahead of global giantsStrengthen its leadership in the steel industry.
Compromise news
CDSL Art Centrico Insurantrico Repository Partners with LIC for Digital Insurance Services
Centric insurance storeA CDSL AssistantParticipated with LIC Propose Digital insurance repository servicesPromoting Paper policy managementCentrico, already participated together 43 insurer (Involved 23 life insurers), Expanding it Digital network, LICWith ₹ 3.36 trillion new business premium (FY25)Strenges it market leadershipThis step takes Digital accessibilityIncreases Policyholder facilityAnd drive Insurance sector change,
Mord and Unicef Yuwah statement of intention to empower rural women and youth
Ministry of Rural Development (Mord) And UNICEF youth Have signed Details of intentions (SOI) For one Three year partnership To Empower rural women and youth In India. The purpose of cooperation is Promote livelihood opportunities, entrepreneurship and digital infrastructureMajor initiatives include SHG supporting womenIncrease Women’s labor power participationLaunching Computer Didi Center and Didi Key DukansExpansion Young skilling through youth hubAnd promote Lakhpati Didi Initiative Promoting Female entrepreneur,
Appointment news
Canara Bank appoints SK Majumdar as Executive Director
Canra bank Appointed Sk Majumdar As Executive directoreffective March 24, 2025Was already serving CFOHe brings 25+ year banking experienceA Chartered Accountant (CA) and Cost AccountantHas been with Majumdar Canara Bank since 2000Excel in Financial management, governance and operationHis leadership is expected to run the bank Growth and efficiency,
Rahul Bhave appointed as MD & CEO of IFCI
Rahul Bhave Has been appointed IFCI’s MD and CEO For one Three -year termSuccessful as his role is successful Sub -MDWas approved by appointment Appointment Committee of Cabinet (ACC)Under the leadership of Prime Minister, IFCIOf india First development financial institution (East. 1948), Plays an important role in Industrial and infrastructure financingIn November 2024, Finance ministry Accepted ‘IFCI Group Consolidation’Merger IFCI Limited with Stockholding Corporation of India Limited And other assistant companies.
Defense news
DRDO & Indian Navy Test the Test-Agni Vlsrsam missile successfully
DRDO and Indian Navy successfully flew Vertical short-range surface-to-air missile (VLSRSRSAM) But March 26, 2025But Et Chandipur, OdishaMissile effectively Destroy and destroyed a high speed air target at low heightPerforming it Near-boundary-loving capacityLaunched by one Land-based vertical launcherTesting valid it Agility, accuracy and reliability In the event of war. The major technologies tested are included RF seeker For accurate tracking, Multi-work radar (MFR) For real -time data, Arms control system (WCS) For engagement coordination, and Range instruments For flight data analysis. This achievement increases India Naval air defense capacity with Domestic technology,
Schemes News
Poetry initiative of breaking: restoration of bhartiya raymes for young child
“Baalpan ki kavita” initiativeLaunched by School Education and Literacy Department (Dose and L) Below Ministry of EducationPurpose of Protected and promoted Indian rhyme For young children. aligned with NEP 2020It focuses Childhood education, multi -legism and cultural relevanceInitiative is compiled Nursery is sung and poems In Indian languages and english For Pre-primary (3-6 years), grade 1 (6-7 years), and grade 2 (7-8 years)It encourages public participation To restore traditional rhyme to ensure Joyous and rich learning experience For children.
Sports news
B Sumeth Reddy announced retirement from badminton to focus on coaching
B Sumith ReddyOf india Doubles Badminton SpecialistHas announced that Retirement Focus on TeachA prominent player in Indian badminton was part of it 2022 Commonwealth Games Silver Medal Winner Squad And there was a career for more than a decade.
