RBI Eases Digital Banking Rules: Banks Can Launch New Channels Without Approval
The Reserve Bank of India (RBI) has updated its rules about digital banking channels (like mobile apps and online banking).
Important Features of the Updated...
RBI approved the re-appointment of Sumant Kathpalia as MD & CEO of IndusInd Bank.
IndusInd Bank announced that the Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as Managing Director and CEO for one...
RBI slashes MDR charges, offers lucky draw
In order to boost the digital payments among merchants and commoners, RBI has come up with two unique solutions. At first they cut MDR...
Old Rs. 500 and Rs. 1000 Notes will be Invalid from 9th November 2016
Prime Minister Mr Narendra Modi announced today that existing denomination of Rupees 500 and 1000 will invalid from midnight of 8 November, 2016 (Tuesday)....
RBI Rupee digital currency: A digital currency issued by the central bank, Central Bank...
Indian Reserve Bank (RBI) launched the first pilot project to produce digital rupees for wholesale distribution on Tuesday (November 1), which is known as...
Centralized Positive Pay (CPPS) from 1st Jan 2021
In the recent past, it has been observed that incidence of Non Borrowal Frauds are in rise. Most of the frauds are done through...
RBI relaxes lending rules for small borrowers and non-bank lenders
The Reserve Bank of India (RBI) has partially reversed its stricter rules on bank loans and has made it easier for small borrowers and...
RBI directs banks on Cardless cash withdrawals at all ATMs
The Reserve Bank of India (RBI) has ordered all the banks to provide an Interoperable Cardless Cash Withdrawal (ICCW) system in their ATMs.
In accordance...
Merger of PSU Banks in India
After amalgamation of three Public Sector Banks – Bank of Baroda, Vijaya Bank and Dena Bank today 30.08.2019 Finance Minister Nirmala Sitharaman has announced...
RBI Cut Repo Rate by 35 Bps – 9 Years Low
Today Reserve Bank of India made a higher than expected reduction in Repo Rate by 35 base points as benign inflation provides the central...