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4 mins read
RBI tightens norms for Chinese lending apps
Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian c…
4 mins read
Presidential commission recommends stamping of H-1B visas inside US
Presidential commission recommends stamping of H-1B visas inside US
PTI
3 mins read
Ashok Vaswani is new CEO of Kotak Mahindra Bank
In what is a generational shift, Kotak Mahindra Bank on Saturday said that Ashok Vaswani would st…
1 min read
Iraq's forex reserves hit record high as oil prices soar
Iraq's foreign exchange reserves have surpassed $87 billion, the highest level the central bank has…
2 mins read
RBI does not have fixed dollar:rupee exchange rate: Shaktikanta Das
The Reserve Bank of India (RBI) rupee exchange rate and its market interventions are to curb excess…
3 mins read
More emissions reduction targets will help Indian fossil fuel giants, IEEFA reports
The UN-backed Race to Zero campaign and the SBTi recommend that power companies committed to achiev…
2 mins read
IndusInd Bank promoter Hinduja Group may raise stake in bank to 26% after RBI’s latest change in private bank norms
IndusInd Bank may benefit from the RBI’s latest change in ownership norms as promoter Hinduja Group…
1 min read
Five things that Raghuram Rajan believes can help India counter its recent dip in GDP
The former governor of the Reserve Bank of India (RBI) Raghuram Rajan believes that India’s latest …
Prabhjote Gill
3 mins read
From no hidden charges to insurance on credit card frauds and lost cards, here are RBI's new guidelines for credit and debit cards
This is understandable given that credit cards have exploded in popularity after the COVID-19 …
2 mins read
Kamath Committee outlines loan restructuring parameters for 26 sectors
The expert committee has recommended financial parameters including aspects related to leverage,…
3 mins read
Utkarsh Small Finance Bank stock closes 90% above its IPO price
Utkarsh Small Finance Bank stock made its debut on the bourses at ₹40 which is a 60% premium over i…
3 mins read
ESAF Small Finance Bank lists at 20% premium but below grey market expectations
ESAF Small Finance Bank made its D-street debut at a 20% premium on Friday. This is lower than what…
3 mins read
Utkarsh Small Finance Bank IPO subscribed 101x as QIBs make a beeline for it
Utkarsh Small Finance Bank’s ₹500 crore IPO was subscribed 4.7 times over on the first day of the i…
2 mins read
From adjusting refunds against amount due to charges for disputes, here are the new credit card rules effective from July 1
Credit card users and issuers have some new rules to be aware of, as the Indian central bank, the R…
1 min read
Indian banks urge customers to avoid cash and go online
Kotak Mahindra Bank, Axis Bank and State Bank of India are asking its customers to use online ban…
2 mins read
Supreme Court refuses to entertain urgent plea against ₹2,000 note withdrawal
The Supreme Court on Thursday declined urgent hearing on a plea challenging the Delhi High Court's …
2 mins read
Limit ATM cash withdrawals to ₹5,000 and increase ATM charges, an RBI committee reportedly recommends
Currently, customers can withdraw ₹10,000 in a single transaction and ₹20,000 in a day from a St…
3 mins read
India is trying to regulate cryptocurrencies — but not everyone is on board, including the RBI governor
The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, isn’t a fan…
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 …
3 mins read
RBI is using lessons from 2008 financial crisis to handle the Covid-19 lockdown effect on the economy
The global financial crisis of 2008 was the biggest economic crash of the 21st century — that is …