The Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 31.80 lakh on American Express Banking Corp for non-compliance with certain directions…
Read more RBI slaps penalties on American Express Banking Corp, HDB Financial ServicesThe Reserve Bank of India (RBI) has imposed a monetary penalty of ₹131.80 lakh on Punjab National Bank (PNB) for non-compliance with its directions issued on ‘Loans and…
Read more RBI slaps ₹1.32 crore monetary penalty on PNBThe Rupee ended almost flat on Wednesday despite robust dollar demand from corporates, especially oil companies, as RBI likely intervened in the non-deliverable forward market to prevent it…
Read more Rupee ends almost flat on likely RBI interventionConsumer confidence paused on its uptrend as sentiments on all parameters, except spending, recorded some moderations in the latest bi-monthly consumer confidence survey released by the Reserve Bank…
Read more RBI: Consumers expect higher rise in overall spending over the next one-year, reveals surveyThe Reserve Bank of India has directed all lenders to review their practices regarding mode of disbursal of loans, application of interest and other charges and take corrective…
Read more RBI directs all lenders to review their lending practicesThe Reserve Bank of India (RBI) has asked Agency Banks to keep all their branches dealing with government business open on March 31, 2024 (Sunday). This follows the…
Read more RBI orders Agency Banks to facilitate government transactions on March 31With less than a fortnight to go for Paytm Payments Bank to wind down its operations, highly placed sources in the banking circles say the bank could be…
Read more Administrator likely to be appointed at Paytm Payments Bank after March 15The share of Asian central banks and supervisory authorities adopting big data and machine learning has risen to 86 per cent. This involves nowcasting exercises, applications to granular…
Read more ‘86% of Asia’s central banks, supervisory authorities adopting big data, ML’India’s central bank extended the deadline for some of the business restrictions it’s imposing on Paytm’s Payments Bank to March 15 from February 29, giving the Indian financial…
Read more India’s central bank extends some Paytm Payments Bank restrictions deadline to March 15 | TechCrunchWhile SMS-based One Time Password has been the primary way for authenticating digital transactions, the Reserve Bank of India is looking at other mechanisms in line with technological…
Read more RBI to bring framework for authentication of digital payment transactionsShares of Paytm plunged 10% on Monday, the third consecutive session of declines, touching an all-time low of 438.35 Indian rupees (or $5.28) after the RBI’s clampdown last…
Read more India’s Paytm is in flux | TechCrunchThe Directorate of Enforcement (ED) will probe Paytm Payment Bank if there are fresh money laundering charges by the Reserve Bank of India (RBI), a senior Finance Ministry…
Read more ED to probe Paytm Payment Bank if money laundering foundThe Reserve Bank of India’s recent measures to tighten norms for unsecured retail loans will help strengthen underwriting norms through higher risk-weighted assets and is “credit positive” because lenders will need…
Read more RBI’s tightening of norms for unsecured retail loans is credit positive: Moody’sRetail lending has grown more in the rural areas relative to the urban areas across lenders, as creditors started tapping the underserved market segment, with the rural-urban differential growth…
Read more Retail lending has grown more in rural areas relative to urban areas: CAFRAL reportThe Reserve Bank of India, in consultation with the Government of India, has expanded the basket of products offered through the Retail Direct Portal, allowing retail investors to subscribe to Floating…
Read more Individual investors can subscribe to Floating Rate Savings Bonds, 2020 (Taxable), under RBI’s Retail Direct PortalBanks must carefully manage the adoption of new technologies and ensure adequate controls and safeguards to address potential vulnerabilities, according to Reserve Bank of India Deputy Governor MK…
Read more Reliance on third-party technology providers requires robust risk management practices by banks: RBI DG JainMUMBAI – RBI is exploring a light weight and portable Payment and Settlement System (LPSS), which will be independent of conventional technologies and can be operated from anywhere…
Read more RBI conceptualises ‘bunker’-like light weight, portable payments systemState Bank of India’s economic research department (ERD) expects one more pause by the Reserve Bank of India’s Monetary Policy Committee (MPC) in view of the recent Consumer…
Read more RBI’s MPC will continue to be in pause mode in June meeting: SBI reportThe Reserve Bank of India (RBI) has asked HDFC Bank to continue to comply with regulatory requirements for cash reserve ratio (CRR), statutory liquidity ratio (SLR) and liquidity…
Read more RBI asks HDFC Bank to comply with CRR, SLR, LCR post HDFC mergerIndia’s financial system remains “completely” insulated from the recent developments in the US and Switzerland, said RBI Governor Shaktikanta Das. The recent developments in the US include the…
Read more India’s financial system insulated from developments in US, Switzerland: Das
