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2 mins read
HDFC Bank’s digital services are glitching again despite RBI’s warning and ban on launching new products
HDFC Bank’s digital banking services are on the outs again. India’s largest private sector lender i…
1 min read
RBI imposes Rs 2.5 crore penalty on Bajaj Finance, Pune
There were also persistent/repeat complaints about recovery and collection methods adopted by…
PTI
2 mins read
RBI asks banks, NBFCs to disclose digital lending agents upfront
Issuing these guidelines, the RBI said that often digital lending platforms tend to portray themsel…
PTI
5 mins read
Aadhaar Gaining More Teeth, To Play Key Role In ‘Banking For All’
Except for the Aadhaar part.
2 mins read
Amazon and Flipkart accused of violating FDI policy — Indian government asks RBI and ED to take action
Bhartia and Khandelwal said that in its communication to ED and RBI, the DPIIT has forwarded…
2 mins read
India’s crypto exchanges are reportedly mulling the legal route again — may approach the Supreme Court over RBI’s directive
But adding banking partners is easier said than done. At the moment, with the lack of any …
2 mins read
India’s central bank is ramping up its supervision of the country’s commercial lenders and shadow banks
In response to the spate of frauds at large banks and defaults by NBFCs in the last year, the Reser…
3 mins read
Lakshmi Vilas Bank shares plummet as RBI stalls Indiabulls Housing merger
Both LVB as well as IBHF informed the bourses late Wednesday evening about the RBI decision, b…
1 min read
DPIIT received some complaints of e-comm firms offering deep discounts: Goyal
New Delhi, Nov 22 () The Department for Promotion of Industry and Internal Trade (DPIIT) has receiv…
PTI
1 min read
RBI imposes Rs 25 lakh fine on Andhra Bank for violating KYC, AML norms
Mumbai, Dec 5 () The Reserve Bank on Thursday imposed a fine of Rs 25 lakh on Andhra Bank for non-c…
PTI
2 mins read
LVB-DBS India merger: RBI directs Lakshmi Vilas Bank to write off tier-2 bonds worth nearly ₹320 crore
The RBI, vide their letter on Thursday, has advised the need to fully write down the Series VII…
PTI
2 mins read
The US thinks that the RBI’s public credit bureau will squeeze out India’s private players
The public credit database will accumulate information on all borrowers along with outstanding …
2 mins read
HDFC Bank’s net banking, UPI service and ATMs were down due to a 'data centre outage' but RBI demands more detailed information
Customers of HDFC Bank were reporting problems with their net banking and digital payments. Many we…
2 mins read
No complaints regarding demonetization and its after effects will be entertained under Banking Ombudsman
The central bank said that demonetisation is not one of the 27 grounds under which a customer …
1 min read
RBI Relaxes KYC Norms
The Reserve Bank of India has relaxed customer verification norms for opening bank accounts for mig…
2 mins read
RBI swings into action, limits withdrawal from Jan Dhan accounts to Rs 10,000 to check black money hoarders
"With a view to protect the innocent farmers and rural account holders of PMJDY from activities of …
2 mins read
India’s foreign exchange reserves at a reasonable level: S S Mundra
In the week to July 3, the reserves declined by $704 million to $354.517 billion. It touched a li…
1 min read
You are probably a victim of online fraud if you have used this app
It added, “The Reserve Bank wishes to clarify that it has not developed any such application. Membe…
1 min read
CBI arrests an Assistant Director of Enforcement Directorate for accepting bribe of ₹20 lakh
The Central Bureau of Investigation (CBI) on Thursday arrested an Assistant Director of the Enforce…