RBI to unify the procedures for settling the died bank customers’ claims

Sanjay Malhotra, governor of the Indian Reserve Bank (MPC), said on Wednesday that APEX will unify the procedure for settling claims in terms of bank accounts, articles preserved in safe detention or safe deposit cabinets for deceased banker clients. “This settlement is expected to make more convenient and simpler,” he said.

RBI has also released other ads centers about the consumer during MPC. “With the completion of the Jan-DHan scheme for 10 years, a large number of accounts decreased due to KYC. Banks are organizing Panchayat camps from July 1 to September 30, in an attempt to provide services at the client threshold. Regardless of opening new bank accounts and ReKC, the camps will focus on the accurate insurance system and replace the financial inclusion.”

Apex Bank also expands jobs on the RBI retail platform to enable retail investors to invest in treasury bills through systematic investment plans.

Separately, RBI stated that bank credit grew by 12.1 per cent in 2024-25, slowed than 16.3 percent recorded in 2023-24 but remains higher than the average growth rate of 10.3 percent in the previous ten years. During 2024-25, non-food credit flow decreased by about 3.4 rupees, as it fell from 21.4 rupees to approximately 18 rupees. This decline was balanced by increasing financing from non -bank sources.

Despite the slowdown in bank credit, the total financial resources available to the commercial sector increased from 33.9 rupees in 2023-24 to 34.8 rupees in 2024-25. This upward trend continued in the current fiscal year.

Large companies are increasingly used market -based tools such as commercial bonds and bonds of companies to raise money, which reduces their dependence on bank credit. The improved profitability of these companies also allowed the use of internal resources to expand business.