Major changes to Indian banking rules come into effect from August 1, 2025. NRIs in the UAE must act quickly to review old accounts, claim unredeemed funds, and understand the new capital and audit reforms aimed at improving bank governance and safety.
The UAE has established a new Bankruptcy Court at the Abu Dhabi Federal Court of First Instance to handle financial disputes and bankruptcy cases. The move aims to support economic stability, improve legal efficiency, and protect businesses facing financial distress.
Read MoreStarting July 25, UAE banks are gradually replacing SMS and email OTPs with in-app transaction approvals. This safer, faster method allows users to confirm payments through mobile apps using biometrics or PINs. By March 2026, SMS OTPs will be fully phased out under new UAE Central Bank guidelines.
Read MoreThe UAE Central Bank fined a foreign bank branch Dh600,000 after it failed to comply with market conduct and consumer protection rules. The regulator stressed its commitment to transparency and protecting consumers within the country’s financial system.
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