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...
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...
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...
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...
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...
One of the many top world service providers has raised concerns about the feasibility of creating recurring funds with obligatory tokens as of October 1, including Netflix, Microsoft, Spotify and Disney Hotstar....
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. SBI informed that users can now conveniently transact...
The World Bank said on Thursday, the world may be edging toward a global recession as central banks across the world simultaneously hike interest rates to combat persistent inflation.
The bank said in...
In order to ensure that professionals representing bankrupt companies are adequately compensated, the Insolvency and Bankruptcy Board of India (IBBI) has prescribed minimum fee slabs for resolution professionals.
Resolution professionals(RP) are enrolled with...
To senior citizens whose children live abroad The Reserve Bank of India has given a good news. As the problem that senior citizens living in India and having NRI children face issues...
