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 […]
Tag: rbi
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 […]
Frauds fall nearly 50% at banks: RBI Data
Instances of financial frauds is falling in the banking system as institutions have become more aware of the cyber threats, said the RBI report. According […]
RBI clears reappointment of Baskar Babu as Suryoday Small Finance Bank CEO
Suryoday Small Finance Bank on Tuesday said Reserve Bank of India has approved the reappointment of Baskar Babu Ramachandran as the Managing Director & Chief […]
Central Bank of India to raise up to Rs 1,500 crore this fiscal
State-owned Central Bank of India will raise up to Rs 1,500 crore this fiscal by issuing Basel III compliant bonds. The decision was taken at […]
Credit card spends fall for the first time in six months
Mumbai: Consumer spending on credit cards fell for the first time since July, signalling an end to the festive season that had begun with Onam. […]
Credit growth far away from being considered ‘exuberant’, says RBI Governor Shakitkanta Das
The present credit growth in India is far away from being considered ‘exuberant’ and there is no ‘big gap’ between the credit growth and deposit […]
Need similar regulations for banks and fintechs if underlying activity is same: RBI DG
Reserve Bank Deputy Governor T Rabi Sankar on Wednesday pitched for similar regulation for both banks and non-bank entities like fintechs if they are undertaking […]