Reserve Bank of India: The Reserve Bank of India (RBI) has taken a big step against 35 non-banking financial companies i.e. NBFCs. Under this, the registration of all these NBFCs has been cancelled. This action has been taken accusing the companies providing financial services of not following the regulatory rules. Along with canceling the registration, RBI has made it clear that these companies will no longer be able to do any kind of NBFC related business.

Why was the action taken?

RBI said in a circular issued on January 7, 2026 that it had to take this decision using the powers under Section 45-IA (6) of the RBI Act, 1934. According to the Central Bank, the companies whose registration has been canceled were not following the necessary terms and conditions for a long time. For this reason, the permission to operate as an NBFC has been withdrawn.

According to RBI, the order to cancel the registration of these companies was issued on different dates between December 9, 2025 and December 31, 2025. This means that after this date these companies cannot legally do business as NBFCs.

See list of 35 NBFCs

A total of 35 NBFCs’ names are included in the list given by the Reserve Bank. Let’s take a look at these:-

• Satya Prakash Capital Investment Limited
• AG Securities Private Limited
• ALB Leasing & Finance Limited
• ATM Credit and Investments Private Limited
• Corporate Capital Services India Private Limited
• Decisive Finance Private Limited
• Divine Investments Private Limited
• Liberty Private Limited Sales
• Pearls Hire Purchase Corporation Limited
• Quasar India Fincap Private Limited
• Sunlife Securities Private Limited
• Sunrise Manufacturing Company Limited
• Swito Finance & Estates Pvt Ltd
• Triveni Exchange Private Limited
• 21st Century Marketing Limited
• Unitron Finlease Limited
• Veera Securities & Finlease Private Limited
• Vini Financial and Management Consultants Pvt Ltd
• Shivom Investment and Consultancy Limited
• Adhinath Investments Private Limited
• Agroha Savings Limited
• Ahusons Finance and Investments Private Limited
• Altar Investment Private Limited
• Associated Leasing Limited
• Atlantic Leasing Limited
• BHL Forex & Finlease Limited
• Bharatpuria Finance and Investment Limited
• Dada Dev Finance & Leasing Private Limited
• East Delhi Leasing Private Limited
• Economic Capital Services India Private Limited
• ESN Finance & Capital Services Limited
• FMI Investments Private Limited
• Ganpati Fincap Services Pvt Ltd
• Goodworth Securities Private Limited
• Gopal Overseas Private Limited

RBI’s advice to the general public of the country

RBI has also advised the general public to be cautious on this occasion. The Reserve Bank has said that before making any investment, loan or financial transaction, it is important to check whether the concerned company is registered with RBI or not. For this, the list of NBFCs available on the official website of RBI can be seen.

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India’s Fastest Growing State: The developed states of India include states like Maharashtra, Gujarat, Kerala, Tamil Nadu and Karnataka. However, meanwhile, a fresh revelation has come in the report of the Reserve Bank of India (RBI). It has been told that in the last five years, the economy of Assam has grown much faster than other states. Its contribution in taking the country forward is highest in the North-Eastern states.

RBI data on Gross State Domestic Product (GSDP) at constant prices has shown that Assam’s economy has grown by 45 percent between 2020 and 2025, which is more than other states. What’s more, this is more than the economic growth of the country in these five years.

Assam moved ahead leaving everyone behind

Assam’s GSDP increased from Rs 2.4 lakh crore in 2020 to Rs 3.5 lakh crore in 2025. This can be attributed to the rapid increase in investment in agriculture, oil and gas and infrastructure across the Northeast. This growth of Assam shows a big change in taking the country forward, which shows that now the economic expansion is not limited to a few areas, but its scope has now spread to many other states also.
Talking at the national level, India’s GDP has increased from Rs 145.35 lakh crore in 2020 to Rs 187.97 lakh crore in 2025, which shows an increase of 29 percent in five years. Based on this, RBI data shows that the top 10 fastest growing state economies have achieved growth of up to 45 percent, which is much higher than the national average.

What is the economic growth of other states?

In these five years, Uttar Pradesh achieved growth of up to 35 percent. Its GSDP increased from Rs 11.7 lakh crore to Rs 15.8 lakh crore. After this, Rajasthan registered a growth of 34 percent. Its economy increased from Rs 6.8 lakh crore to Rs 9.1 lakh crore.

Both Bihar and Andhra Pradesh registered a growth of 33 percent. Of these, the GSDP of Bihar increased from Rs 4.0 lakh crore to Rs 5.3 lakh crore, while that of Andhra Pradesh increased from Rs 6.5 lakh crore to Rs 8.7 lakh crore.

Both Chhattisgarh and Jharkhand registered a growth of 31 percent. During this period, the economy of Chhattisgarh increased from Rs 2.5 lakh crore to Rs 3.3 lakh crore, while the GSDP of Jharkhand increased from Rs 2.3 lakh crore to Rs 3.0 lakh crore. At the same time, Telangana also made it to the top ten with a growth of 30 percent. Its GSDP increased from Rs 6.4 lakh crore to Rs 8.4 lakh crore.

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Year Ender 2025: Whenever the country’s economic growth slows down or inflation starts getting out of control, then the Reserve Bank of India (RBI) takes steps to keep the economy stable. The Monetary Policy Committee (MPC) of RBI meets every two months to review the situation of inflation, interest rates and GDP, on the basis of which it is decided how much cash flow should be in the market and how to balance economic activities by reducing or increasing the cost of loans.

When and how much rate cut in 2025?

In the year 2025, giving great relief to the people, RBI reduced the repo rate by a total of 125 basis points from 6.5% to 5.25%. It was cut by 25 basis points in February, then by 25 basis points in April, twice as much as expected in June i.e. 50 basis points and again by 25 basis points in December. The general public directly benefits from the reduction in repo rates – home and car loans become cheaper, EMIs reduce and the purchasing power of consumers increases, thereby increasing demand in the market.

At the same time, the cost of capital for companies reduces, which improves their cash flow. However, experts believe that reduction in interest rates can sometimes increase capital outflow, because when interest rates in other countries are high, foreign investors prefer to invest money there, which can further increase the weakness of the rupee.

What is the impact of RBI’s action?

Dr. Aastha Ahuja, economist at Aryabhatta College, Delhi University, says that RBI policies have a direct impact on the direction of the stock market—changes in interest rates, availability of liquidity and investor sentiments, all three together decide the movement of the market. While the cash flow in the market increases due to reduction in repo rate, economic activities accelerate due to cheaper loans for companies and consumers.

But it also impacts the balance of payments (BOP), inflation and the strength of the rupee, which has already weakened and gone above 90 against the dollar. According to Ahuja, while large cap shares are performing well in the stock market at present, mid-cap and small-cap sectors are under pressure, the main reason for which is lack of demand in the market. In view of this entire situation, RBI has to run its monetary policy in a very balanced manner so that while keeping inflation under control, economic growth also gets momentum and the fall of rupee can also be stopped.

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RBI Monetary Policy Committee: The Monetary Committee (MPC) meeting of RBI and its policy decisions are taken every two months, which have a direct impact on the Indian economy, markets and common people. The aim of the central bank is to control inflation, ensure stability of the rupee and maintain economic momentum. The MPC consists of a total of six members—three nominated by the RBI and three nominated by the Central Government. Its main objective is to keep inflation within the range of 4 percent on an average.

What does MPC do?

Often a question arises in the minds of people that how do the decisions taken in the MPC meeting affect everything from markets and loans to EMIs and employment. Dr. Aastha Ahuja, Professor of Aryabhatta College, Delhi University, says that when the Central Bank makes a policy, it has a direct impact on the interest rates, liquidity available in the market and the sentiments of investors. The change in interest rates is basically based on the fluctuations in the repo rate.

Recently, RBI has reduced the repo rate by 25 basis points, which brought it down to 5.25 percent. This makes borrowing cheaper and increases the purchasing power of consumers, which encourages investment and demand. However, in such a situation, the risk of capital outflow may increase, because the interest rates in foreign markets are high. This affects the rupee, inflation and balance of payments (BOP). At present the rupee has already weakened against the dollar and has crossed 90.

How are each sector affected?

Talking about the stock market, large-cap stocks are performing relatively better, while mid-cap and small-caps are under pressure. The reason for this is lack of demand. RBI figures show that capacity utilization is at 75.8 percent, which means the pace of private investment in the economy is weak. In such a situation, investment will not increase rapidly by merely reducing the repo rate, unless domestic demand increases. To increase demand, the role of fiscal policy of the government becomes very important.

The income and savings structure in India also affects investment. Only 8–9 percent of people in the country are able to save enough, which mostly includes the upper-middle and rich classes. The savings of the middle and lower-middle classes are very low, due to which a large amount of savings go into mutual funds and stock markets, especially when returns on fixed income are uncertain.

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Zero Balance Account: The Reserve Bank of India (RBI) has made major changes in the Basic Savings Bank Deposit (BSBD) account, giving relief to the common customers. These changes include unlimited deposits every month, free ATM or debit card usage without any renewal fee, free check book of at least 25 pages every year, internet and mobile banking and passbook or monthly statement. The Reserve Bank has given 7 days time to the banks, within which the banks will have to make changes in BSBD.

What will be the limit of free withdrawal now?

Banks will have to allow at least four free withdrawals every month, which will include transactions from their own ATMs and ATMs of other banks. Under this new rule, digital payment transactions like UPI, IMPS, NEFT, and RTGS will not be counted as withdrawals. This means that users will not be charged separately for these digital transactions.

Existing BSBD account holders can request for the newly introduced features, while regular savings account holders can convert their accounts to BSBD accounts, provided they do not already have an account with any other bank.

These new changes will come into effect from April 1, 2026, although banks can adopt them earlier also. It is on their choice. RBI has issued new guidelines to update its Responsible Business Conduct Guidelines, 2025. This will officially change the framework of Basic Savings Bank Deposit (BSBD) accounts offered by banks.

See the changes at a glance

• There will be no charge for withdrawing money at least four times in a month.
• Digital payments like Card Swipe (PoS), NEFT, RTGS, UPI and IMPS will not be counted towards the four-time limit.
• You will also get the facility of check book with at least 25 pages in a year, free internet and mobile banking and free passbook or monthly statement.
• ATM and debit card will be given without any annual fee.

What is the purpose of change?

The purpose of implementing these changes is to increase access to BSBD accounts so that people understand its benefits. These new rules will be applicable to all banks like Local Area Bank, Rural Cooperative Bank, Urban Cooperative Bank, Small Finance Bank, Payment Bank and Commercial Bank.

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RBI Repo Rate: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to reduce the repo rate by 25 bps to 5.25 percent. Governor Sanjay Malhotra announced this on Friday. With this announcement of the Reserve Bank, the repo rate has now come down from 5.5 percent to 5.25 percent.

Due to reduction in repo rate, the loan will be cheaper, which will reduce the expenditure on EMI and encourage savings. Earlier, MPC meeting was held on October 1, in which the Reserve Bank did not make any change in the repo rate and kept it stable at 5.5 percent.

Economy will enter Goldilocks zone

Announcing the policy review of the last two months, Governor Sanjay Malhotra said, “Since the October 2025 policy, inflation in the economy has been seen to be slowing down considerably.” “Current growth inflation dynamics show a rare Goldilocks period, where growth remains strong.”

Who is called Goldilocks?

Let us tell you that in the language of economists, that period is called Goldilocks, when inflation remains under control and there is continuous growth. This word is taken from the children’s story ‘Goldilocks and the Three Bears’. In this, Goldilocks tries porridge served in three bowls, one of which is very hot, one very cold and one neither very cold nor very hot. Goldilocks eats the third bowl of porridge.

The condition of India’s economy is also similar. There has been a steady economic growth trend, which has prevented recession but is not so fast that inflation increases. That means the pace of development is balanced and stable.

How much did the repo rate reduce this year?

RBI has reduced the repo rate by a total of 100 bps between February and June this year. That means it has been directly brought down from 6.5 percent to 5.5 percent. Then in the meetings held in August and October, there was no change in the rates in the policy.

What is repo rate?

Repo rate is the rate at which the Reserve Bank gives loans to other banks. In such a situation, if the repo rate increases, then the loan from the Reserve Bank becomes expensive for the banks. Now if banks get expensive loans from the Reserve Bank, then the loans given to people will also become expensive. This will increase the burden on customers. Due to this, home loan, car loan, personal loan become expensive. The Reserve Bank increases the repo rate when there is a need to control inflation and increase the liquidity of banks.

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RBI MPC Meeting: The meeting of the Monetary Policy Committee of the Reserve Bank started on December 3, 2025. Its results will come on Friday. Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce the repo rate after the end of the Monetary Policy Committee (MPC) meeting on Friday, for which the entire country is waiting.

At present the repo rate is 5.5 percent. If the repo rate is low, the loan will be cheaper, due to which the EMI will have to be paid less. Earlier, due to low inflation, a cut in the repo rate was expected, but considering the new GDP data and the fall in the rupee, it is now believed that the decision regarding the repo rate will not be easy for the RBI this time.

JM Financial report

RBI Governor Sanjay Malhotra will announce the rate on December 5 at 10 am. Domestic brokerage firm JM Financial said in its report, “We expect RBI to increase its growth forecast for FY26 by at least 20 basis points to 7 percent and reduce inflation forecast by 40 basis points to 2.2 percent.”

The rate cut at this time will boost the expected slower growth in the second half of FY26, but it also poses a risk of further decline in the rupee. If a lenient approach is not adopted with rate cuts, bond yields will fall further. In such a situation, RBI can adopt a middle path by maintaining the current situation and giving guidance on policy support in the coming months. Meanwhile, some analysts believe that a 25 basis point interest rate cut could support the economy at a time when price pressure is low.

What does Yes Bank have to say?

Yes Bank has said in its report that it is expected from RBI that RBI will not make any change in the repo rate and will maintain it at 5.5 percent. The report emphasized that the Central Bank is likely to remain on pause as the scope for cuts is gradually decreasing.

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Money will never sink… RBI has prepared the list of safest banks in the country, you also take a look.

Safest Banks of India: Many of us open bank accounts so that our money remains safe and we earn huge income from the interest received on it. After depositing money in the bank, we become tension free thinking that now our money is secure, but there is no assurance of when the bank goes bankrupt and when your money is lost. In such a situation, if you want to keep your money safe, then this is useful news for you.

Three safest banks of the country

In fact, the Reserve Bank of India (RBI) has declared State Bank of India (SBI), HDFC Bank and ICICI Bank as the safest banks in the country. RBI has identified them as the most systemically important financial institutions of the country and described them as Domestic Systemically Important Banks (D-SIBs). With this announcement by RBI on Tuesday, it has now been confirmed that all these three institutions hold an important place in the banking sector.

Their safety is very important

These banks were identified as D-SIBs in 2024, which are once again ahead due to their size and importance for the country’s economy. D-SIBs are considered so important that their failure has a very bad impact on the financial system of the country, which can cause large-scale problems, hence the government and the regulator are committed to ensuring their stability and steps have been taken to prevent them from failing.

It is necessary to maintain extra capital

According to RBI guidelines, these banks included in the high bucket category need to keep more capital with themselves. Specifically, Extra Common Equity Tier 1 (CET1) capital. So that it can help in facing any possible loss or risk.

The level of additional CET1 capital varies depending on the bank’s classification in the D-SIB framework. State Bank of India has been placed in Bucket 4, for which it will have to maintain additional 0.80 percent CET1 capital. HDFC Bank is in Bucket 2, which requires additional 0.40 per cent CET1 capital. ICICI Bank is in Bucket 1, for which it will have to maintain additional 0.20 percent CET1 capital.

What are D-SIBs?

The concept of Domestic Systemically Important Banks was first introduced in 2014. This was a part of RBI’s effort to strengthen financial stability. Their identification started in 2015. Domestic Systemically Important Banks are those banks which play an important role in the economy. If something goes wrong in this, the entire system of the country can be shaken, hence the government keeps a close watch on them and comes to the forefront to save them from the trouble.

How secure is your money in the bank?

If the bank in which you have an account is bankrupt or closed for some reason, then only a maximum of Rs 5 lakh of your deposit will be refunded to you. Even if you have more amount in your account, you will not get more than Rs 5 lakh. If the amount is less, the entire amount will be refunded.

Actually, under the Deposit Insurance and Credit Guarantee Corporation (DICGC), the government provides insurance cover on deposits in the bank. DICGC is an institution owned by the Reserve Bank. Before February 4, 2020, deposit insurance was only Rs 1 lakh for the amount deposited in the bank, which has been increased to Rs 5 lakh in 2020.

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Giving an important order on Thursday (November 27, 2025), the Delhi High Court said that the Reserve Bank of India and all banks will have to strengthen the process of customer complaint handling so that people can be saved from unnecessary troubles. Justice Prabha M. Singh said that it is the responsibility of banks, financial institutions and regulators to create such systems that frauds are stopped, strict action is taken against the culprits and innocent customers do not have to face false bills, threatening messages or constant calls.

Complete investigation of customer’s complaint – Delhi High Court

Delhi High Court directed RBI not to reject complaints only on the basis of machine based process. If a customer makes a mistake while filing a complaint, he should be given a chance to correct it. The court said that many times, due to the Ombudsman rejecting the complaints without any human intervention, people are forced to file cases in consumer forums, civil courts and the High Court. The court also said that if necessary, trained legal experts like retired judges or experienced lawyers should be included in the Ombudsman office so that complaints are not dismissed due to small mistakes.

Delhi High Court RBI Ordered to issue instructions to all banks

Delhi High Court directed that RBI should issue orders to all banks to post a simple flow chart on their websites, explaining how customers can raise complaints to customer care, branch manager and nodal officer.

Delhi High Court took action on lawyer’s complaint

This order of the Delhi High Court came during the hearing on a case in which a lawyer named Sarwar Raza was harassed for making payment for a credit card transaction which he had never done. Later the bank returned his amount of Rs 76,777, but as soon as the complaint was closed, interest and penalty were added to it.

The court said that the bank will no longer charge them any late fees or interest and their CIBIL score will also not be harmed. Also, for harassing the customer, the bank has been ordered to pay compensation of Rs 1 lakh, which will have to be paid by January 15, 2026.

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