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RBI cancels licence of Laxmi Co-operative Bank, Solapur

The Reserve Bank of India (RBI) on Thursday cancelled the licence of The Laxmi Co-operative Bank Lt…

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1 min read

RBI restrains Mahindra Finance from using recovery agents after accident

In other words, the company was directed not to use services of any outside agency for loan reco…

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4 mins read

Electoral bonds: What are they? What does the newly-released data reveal? Would it make an impact?

The ruling party receiving such a disproportionate share of the electoral bonds has raised many eye…

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Three-year-old BharatPe and Centrum gets RBI nod to set up a small finance bank

In June, the Reserve Bank had given the in-principle approval for the SFB licence to the consor…

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Fino Payments Bank has its eyes set on becoming a small finance bank

ino Payments Bank is keen to become a small finance bank after having completed five years of opera…

PTI   


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Have unclaimed bank deposits? Here’s how to find it using UDGAM portal

The Reserve Bank of India (RBI) has launched a centralised portal, UDGAM (Unclaimed Deposits – Gate…

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3 mins read

Despite a rise in financial frauds, 17% of people store financial information on their smartphones

The Reserve Bank of India (RBI) has revealed that 5,406 instances of financial fraud were reported …

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1 min read

RBI cancels licence of Mumbai-based The CKP Co-operative Bank

The RBI further said the affairs of the bank "were and are" being conducted in a manner detrimenta…

PTI   


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As inflation cools off, RBI Guv says 'monetary policy on right track'

With the latest official data indicating a cooling off in the headline inflation to 4.7 per cent in…

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India’s richest billionaires are fast catching up while Elon Musk struggles for satellite broadband licence

Reliance Jio, owned by Ambani, has formed a joint venture (JV) with SES, a satellite-based con…

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GIC Re gets licence from Bank of Russia for reinsurance biz

"We wish to inform you that that the Corporation has obtained licence from the Central Bank of the…

PTI   


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Revolut secures European banking licence and is eyeing Asia and America next

The challenger bank is aiming for 100 million customers in the next five years and is expanding int…

Callum Burroughs   


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EXPLAINED: The NUE licence for payments that Tata, Ambani and Bezos have applied for

India’s central bank had floated the bid for NUE licences in August, 2020. The NUE licence wou…

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Singapore to to act tough on crypto platforms in the coming months

Amid the global crypto meltdown, Singapore, which has a clear licensing and regulatory framework, i…