The Reserve Bank has permitted 20 banks operating in the country to open 92 Special Rupee Vostro Accounts (SRVAs) of partner banks from 22 countries […]
Tag: rbi
Banks told to alert customers on frauds related to Mudra loans
The government has asked banks to keep vigil and inform their customers of fraud in Mudra loans. The directive follows multiple instances of frauds related […]
Domestic banks lure techies from top tech companies
Domestic Indian banks, which have fast tracked their efforts to enhance their digital capabilities, are luring top-notch tech talent from leading new age companies and […]
‘Foreign banks’ exposure to trades in long-term bonds not a concern’
The Reserve Bank of India (RBI) has been regularly reviewing the burgeoning bond-derivative trades between banks and insurance companies, and does not see any major […]
PSU banks in real danger of privatisation, says AIBOC
All India Bank Officers’ Confederation (AIBOC), the apex body of bank officers in the country, on Tuesday said state-run lenders are in “real danger of […]
Government asks banks to issue mobility-enabled cards
The government has asked banks to ensure that all new cards and reissues of old cards have the National Common Mobility Card (NCMC) as a […]
DBS launches new IFSC banking unit in GIFT City
DBS Bank Ltd., Singapore’s largest bank, on Monday, expanded its presence in India by inaugurating its new IFSC Banking Unit (IBU) in the Gujarat International […]
SBI hikes lending rate by 5 basis points
State Bank of India (SBI), country’s largest lender, has raised its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) across […]
HDFC Bank onboards 1 lakh customers and 1.7 lakh merchants on CBDC platform
Private lender HDFC Bank on Thursday said it has onboarded over 1 lakh customers and 1.7 lakh merchants under the Central Bank digital currency (CBDC) […]
Pushing e-rupee payments using UPI infra on RBI’s agenda
In what is an ambitious e-rupee payments goal, the Reserve Bank is seeking to drive daily CBDC transactions to 10 lakh from up to 10,000 […]