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RBI guidelines News

India's Banking Revolution: Simplified Process to Reclaim Over Rs 78,000 Crore in Unclaimed Deposits

James Carter 25 Mar, 2025

India's banks are introducing a simplified process to help reclaim over Rs 78,000 crore in unclaimed deposits, following new RBI guidelines. This includes standardized forms and an...

Business

Over a Decade, Indian Banks Wipe Off Rs 16.35 Lakh Crore in Bad Loans: A Deep Dive

Emily Rodriguez 17 Mar, 2025

Indian banks have written off Rs 16.35 lakh crore in bad loans over the last decade, with recovery efforts ongoing through legal and financial mechanisms. The government has also a...