Customer complaints against NBFCs are on the rise but banking-related complaints form 90 per cent of total; disposal rate also up, shows RBI data.
Indian bond yields saw a rise of five basis points to 6.59 per cent; the highest yield recorded in two years. Underwriters bought nearly Rs44 billion of the Rs60 billion-2026 debt for sale on Friday.
If there is loss of locker due to bank’s negligence, the bank will pay the holder. This, along with central repository of available lockers, works in customers’ favour.
RBI has recently approved Airtel Payment Bank to operate as a scheduled bank. It offers end to end digital banking solution.
RBI has cancelled the Certificate of Authorisation (CoA) of Muthoot Vehicle and Asset Finance Limited and Eko India Financial Services Private Limited. They can’t transact the business of issuance and operation of prepaid payment instruments.
As executive director, Kumar will look after the Foreign Exchange Department, Department of Communication and Deposit Insurance and Credit Guarantee Corporation. Choudhary will look after the Fintech Department, Risk Monitoring Department and Inspection Department.
SBI has increased the IMPS transaction limit to Rs. 5 lacs. There will be no service charges for IMPS done online, but customers have to pay Rs 20 and GST on IMPS transactions slab of Rs 2 lakh to Rs 5 lakh for transactions at the bank.
SBI Card has collaborated with Paytm to enable cardholders to tokenise their cards on devices and make payments through Paytm, SBI Card said in a regulatory filing on Thursday.
RBL Bank, on Saturday, sent the then Managing Director and Chief Executive Officer Vishwavir Ahuja on leave and elevated Rajeev as the interim MD and CEO.
If you make more than five free ATM withdrawals, you will have to pay a higher charge from January 1. Also, your bank account may be frozen if you don’t complete your KYC
Private cryptocurrencies pose immediate risks to customer protection and are prone to frauds and extreme price volatility, given their highly speculative nature, said the Reserve Bank of India (RBI)
RBI Governor Shaktikanta Das notes that after the destructive second wave in April-May 2021, the growth outlook has progressively improved, though there are headwinds from global developments.
In H1 2021-22, banks saw 1,802 reported cases of frauds amounting to Rs 35,060 crore which were related to advances. There were 1,532 reported cases of fraud linked to card/internet.
As per half yearly audited results as on Sept 2021, RBL Bank has maintained a comfortable Capital Adequacy Ratio of 16.33 per cent and Provision Coverage Ratio of 76.6 per cent, RBI said.
RBI's Deputy Governor Michael D Patra said new monetary policy will result in policy effectiveness and welfare maximisation going ahead.
The penalties have been imposed in exercise of powers vested in the Reserve Bank under the provisions of Section 30 of the PSS Act, the central bank said in a statement.
Bollywood actress Aishwarya Rai Bachchan appeared before the Enforcement Directorate on Monday in connection with the Panama Papers leak case.
RBI in 592nd central board meet conveyed its intentions on cryptocurrencies, and clarified that it wants a complete ban on it.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.