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RBI slaps fine of Rs 2.91 crore on Axis Bank and HDFC Bank: All details
The Reserve Bank of India has fined Axis Bank and HDFC Bank a total of ₹2.91 crore for regulatory l…
Gold loan market projected to double in 5 years to Rs 14.19 lakh crore, says PwC India's report
Lenders are also expected to implement cost optimisation initiatives that will help drive up the bo…
PTI
RBI can't ignore food inflation while setting rates, will wait for NSO to review CPI weightage: Das
"The MPC (monetary policy committee) may look through high food inflation if it is transitory; …
PTI
RBI MPC meet – Cheque clearing time reduced, UPI limit increased for tax payment
Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting…
RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets
The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…
RBI issues guidelines to trace customers with inoperative accounts, unclaimed deposits
The central bank called for steps to trace the customers of inoperative accounts or unclaimed depos…
ANI
RBI announces digital payments intelligence platform to check online frauds
In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …
ANI
RBI to allow opening of rupee account outside India
The RBI said it has finalised a strategic action plan for 2024-25 and envisaged liberalisation …
PTI
RBI initiates transition plan: Small finance banks to ascend to universal banking status
According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eli…
ANI
RBI bats for borrowers, releases guidelines to prevent lenders from levying penal interest on loan defaults
The Reserve Bank of India (RBI) has released guidelines instructing lending institutions to clearly…
RBI bars Kotak Mahindra Bank from onboarding new customers via online, issuing fresh credit cards
"Serious deficiencies and non-compliances were observed in the areas of IT inventory management…
PTI
Did you know the RBI Ombudsman received 68% more complaints in FY2023? Here’s how to file your grievance
Recently, the Reserve Bank of India (RBI) reported that the complaints to the Ombudsman have gone u…
RBI issues omnibus framework for recognising SROs for regulated entities
The Reserve Bank on Thursday issued an omnibus framework for recognising Self-Regulatory Organisati…
PTI
RBI curbs: JM Financial says 'no material deficiencies in loan sanctioning process'
JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order i…
PTI
RBI to come up with unified regulatory framework on connected lending
The Reserve Bank of India (RBI) said on Friday that it will come up with a unified regulatory frame…
Corp affairs ministry probing Chinese cos linked to loan apps; investigations at advanced stages
The corporate affairs ministry is probing various Chinese companies, especially those with links to…
PTI
Zomato gets RBI approval to operate as 'online payment aggregator'
Online food delivery platform Zomato on Thursday announced that its wholly-owned subsidiary Zomato …
Customer protection 'guiding light' of revamped microfinance regulations, says RBI deputy governor
Reserve Bank of India’s (RBI) deputy governor M Rajeshwar Rao on Friday outlined several measures i…
HDFC gets RBI nod to acquire 9.5% stake in IndusInd Bank
The Reserve Bank of India (RBI) has approved HDFC Bank's proposal to acquire an up to 9.5 per cent …
Vijay Shekhar Sharma: The controversies of the architect of fintech
Vijay Shekhar Sharma, one of the most recognised faces of India's fintech industry, has seen a fai…