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4 mins read

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   


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1 min read

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   


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1 min read

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   


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2 mins read

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   


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1 min read

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   


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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…

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1 min read

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   


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3 mins read

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…

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3 mins read

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   


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2 mins read

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   


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2 mins read

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…

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1 min read

Zomato gets RBI approval to operate as 'online payment aggregator'

Online food delivery platform Zomato on Thursday announced that its wholly-owned subsidiary Zomato …

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1 min read

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 …

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4 mins read

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…

PTI   


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2 mins read

RBI slaps fines on Axis Bank, Manappuram Finance

The Reserve Bank on Thursday imposed a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78…

PTI   


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3 mins read

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…

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4 mins read

Fintech repository to be set up by April 2024, says Shaktikanta Das

The Reserve Bank of India (RBI) has proposed the establishment of a fintech repository. “This will …

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3 mins read

Making online payments safer – Here’s how to tokenise your card

Many of us would have seen Amitabh Bacchan on television telling us that by tokenising our cards we…

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2 mins read

RBI curbs on Bajaj Finance not a structural issue, multiples derating likely if issue persists

The Reserve Bank of India earlier this month has directed Bajaj Finance “to stop sanction and disbu…

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2 mins read

Bajaj Finance stock regains speed after fall in the morning

The stock of Bajaj Finance fell by over a percent in early morning trade on Thursday. On Wednesday …