Government departments and the Reserve Bank of India (RBI) are taking coordinated steps to check Chinese mobile apps offering easy loans and cheating people, Finance […]
Tag: rbi
Bank margins may come under stress amid deposit rate war
The Bank Nifty is trading near lifetime highs, reflecting the fortunes of lenders that extricated themselves from the quagmire of bad assets spawned by the […]
Pay your bills on CRED through the Bharat Bill Pay System and get rewarded
Paying your bills is a task that is dreary rather than delightful. With several activities taking up your time throughout the day, it’s taxing to […]
BoB proposes to sell its majority stake in Nainital Bank
State-owned Bank of Baroda (BoB) on Tuesday said it plans to sell its majority stake in Nainital Bank. The board of directors of the bank […]
Borrowers don’t have to be told individually about change in rates: Consumer court
The national consumer court has ruled that banks are not required to inform each borrower individually about any automatic change in interest rates under the […]
RBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervision
The Reserve Bank has shortlisted seven global consultancy firms, including Pricewaterhouse Coopers, McKinsey and Boston Consulting Group (India), to use artificial intelligence and machine learning […]
Banks follow RBI’s signal; hike lending rates
Hours after RBI’s move to increase repo rate by 35 basis points, a number of lenders, including Bank of India and HDFC Bank, on Wednesday […]
UPI payment limit: This is the daily amount one can spend using GPay, PhonePe, and Paytm
Amazon Pay has also set a Rs 1,000,000 maximum money transfer limit via UPI. Notably, users can only transact up to INR 5,000 in the […]
Banks should not ask for verification at branch level if customer does e-KYC, says RBI
India’s Reserve Bank on Wednesday directed banks to not ask their customers for a physical verification at the branch, if they have already performed an […]
Govt to allow foreign funds to own over 51% in IDBI Bank
The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a […]