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Regulators must make India’s financial system climate-proof

Regulators, including RBI, recognize climate risks to financial stability but lack unified frameworks, hindering capital mobilization for climate action.

RBI must use its forward guidance instrument to make the direction clear
Updated on Apr 30, 2025 10:24 PM IST
ByLabanya Prakash Jena

New ATM rules from May 1, transaction charges to increase after free limit

There will be three free ATM transactions in metro areas and five in non-metro areas, and they will include both financial and non-financial transactions.

The customers will have to pay more ATM charges from Thursday, according to new RBI rules.(REUTERS)
Updated on Apr 30, 2025 03:08 PM IST

IndusInd Bank CEO Sumant Kathpalia resigns amid derivatives accounting lapse

The RBI urged IndusInd Bank CEO Sumant Kathpalia and his deputy Arun Khurana to step down following accounting lapses that have hit the bank's net worth.

Sumant Kathpalia is the second top executive to resign in two days after his deputy Arun Khurana exited on Monday.(Reuters)
Published on Apr 29, 2025 10:41 PM IST
Reuters |

No money left to live on, seniors march to New India Cooperative Bank

Over 100 Thane residents, mostly seniors, protested for access to locked funds at New India Cooperative Bank amid ongoing RBI restrictions.

Thane, India - April 28, 2025: Accounts holders protest to get their entire deposits Money in The bank ,After the RBI imposed restrictions, the money of the account holders of New India Co-op Bank Ltd.was frozen after the restrictions were imposed. Today, all these account holders protested outside Thane Vasant Vihar Bank in thane on Monday . And the account holders demanded that all the account holders' money should be returned as soon as possible and if not, such a protest will be continued from time to time Ê,in Thane,in Mumbai, India, on, Monday, April -28, 2025. ( Praful Gangurde /HT Photo )
Published on Apr 29, 2025 07:50 AM IST
ByAnamika Gharat

RBI allows minors above 10 years to operate savings bank accounts independently

The RBI issued revised directives on opening deposit accounts and operating them in the case of a minor.

FILE PHOTO: Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas//File Photo/File Photo(REUTERS)
Published on Apr 21, 2025 10:35 PM IST
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