The Reserve Bank of India has released fresh guidelines for the know your customer (KYC) processes that allow for them to completed remotely. “Fresh KYC […]
Tag: rbi
RBI lifts restrictions imposed on Mahindra Finance
Restrictions imposed on Mahindra Finance have been lifted. On September22, 2022 , the Reserve Bank of India had directed Mahindra & Mahindra Financial Services to […]
Outstanding microfinance loan portfolio to rise 20.3 pc in FY23 in India: MFIN
Outstanding loan portfolio of the micro-finance institution (MFI) sector across India will increase around 20.3 per cent at Rs 3.25 lakh crore in 2022-23 compared […]
PSBs to set up joint digital platform to connect with fintech companies
Public sector lenders including the State Bank of India will jointly set up a unified cloud-based digital platform to connect with fintech companies and source […]
Banks go big on financing green energy
Indian banks are warming up to financing renewable energy projects in line with the government’s vision to become more climate sensitive. Companies, too, are switching […]
SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI
The Reserve Bank of India said that State Bank of India, ICICI Bank and HDFC Bank continue to be domestic systemically important banks (D-SIBs) which […]
SBI asks field functionaries to desist from mis-selling of insurance products
Within days of the finance ministry issuing a diktat against miss-selling, the State Bank of India (SBI) has asked its field officers to desist from […]
Indian Overseas Bank elevates Ajay Kumar Srivastava as its MD & CEO
Public sector Indian Overseas Bank has elevated Ajay Kumar Srivastava as its managing director and chief executive officer with effect from January 1, the bank […]
Banks told to have nodal officers to assist trade settlement in Rupee
The government has asked banks to designate nodal officers who can act as a single point of contact to facilitate and promote ‘international trade settlement […]
Here’s what a Paytm report tells us about India’s UPI journey in 2022
With India’s digitalisation picking up pace, the UPI transactions in the nation registered a robust growth. A growth of nearly 25 per cent and 14 […]