State-run Banks Plan to Set up Verticals for Big Data, Analytics
In an effort to shift to a more data-driven decision-making approach, state-run banks will set up dedicated verticals for big data and analytics.
The move...
Maharashtra Co-Op Bank Licence Cancelled, People Can Claim Up To 5 Lakhs
According to the Reserve Bank of India (RBI), Laxmi Co-operative Bank Limited has its license revoked since it lacks adequate capital and earning prospects...
RBI breathes life into Central Bank of India, recalls monitoring
In a statement on September 20, the Reserve Bank of India announced that it had removed the Central Bank of India from the so-called...
Prompt Corrective Action Framework-Central Bank of India
RBI has removed the restriction on lending imposed by the Reserve Bank of India (RBI) in June 2017 for the state-owned Central Bank of...
IDRBT DEVELOPS NEW LOW cOST FINANCIAL NETWORKTO TAKE BANKING TO REMOTE AREAS
Using a new technology developed by the Institute for Development and Research in Banking Technology (IDRBT), an arm of the Reserve Bank of India...
Merchants association flags readiness for tokenisation
One of the many top world service providers has raised concerns about the feasibility of creating recurring funds with obligatory tokens as of October...
SBI waives off SMS charges on mobile fund transfers
In an announcement recently, India's largest lender, State Bank of India (SBI), announced that mobile fund transfers will no longer be charged SMS fees....
WORLD BANK SEES RISING RISK OF GLOBAL RECESSION IN 2023 AMID RATE HIKES
The World Bank said on Thursday, the world may be edging toward a global recession as central banks across the world simultaneously hike interest...
IBBI TO FIX MINIMUM FEE SLABS FROM OCT 1 FOR INSOLVENCY PROFESSIONALS
In order to ensure that professionals representing bankrupt companies are adequately compensated, the Insolvency and Bankruptcy Board of India (IBBI) has prescribed minimum fee...
RBI ALLOWED BHARAT BILL PAYMENT SYSTEM TO PROCESS CROSS-BORDER
To senior citizens whose children live abroad The Reserve Bank of India has given a good news. As the problem that senior citizens living...