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No charge for RuPay credit card use on UPI for transaction up to ₹2,000: NPCI

A recent NPCI circular said, "there will be no charge for RuPay credit card use on Unified Payments Interface (UPI) for transactions up to Rs 2,000 in line with the RBI direction." RuPay...

The biggest launch of the century

What is CENTRAL BUSINESS DISTRICT? Cannabis vegetation contain a range of cannabinoids, which includes tetrahydrocannabinol (THC) and cannabidiol (CBD). Both...

SBI CARD LAUNCHES AN INDUSTRY FIRST CASHBACK SBI CARD THAT MAKES CASHBACK HASSLE FREE

As a first-of-its-kind comprehensive cashback credit card in India, SBI Card launched the 'Cashback SBI Card'. Using the SBI Card, customers will be able to earn 5 percent cashback on all online purchases...

What is Valentine’s Day?

What is Valentine’s Day? For many people, Christmas break, or something like that is a celebration to show their loved ones how much that they care. This may include...

RBI Policy Live Updates: EMIs set to rise as RBI hikes repo rate by 50 bps to 5.9%

In response to persistently high inflation, the Reserve Bank of India (RBI) announced a 50 basis point increase in the repo rate on September 30. September 28 marked the beginning of the...

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 follows a directive issued by the government to...

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 and does not comply with regulations. The order will...

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, subject to certain conditions...

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 India (CBI), according to a statement made by...

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 (RBI), people in remote hilly and forest areas...