The Competition Commission of India (CCI) has approved the proposed merger of Fincare Small Bank into AU Small Finance Bank. The approval for the merger […]
Tag: Reserve Bank of India
RBI releases notification for dividend declaration by banks
The Reserve Bank of India (RBI) yesterday came out with a notification on declaration of dividend by banks and remittance of profits to head office […]
RBI grants three additional months to banks and NBFCs to adopt new regulations
The Reserve Bank of India (RBI) has granted three additional months to banks and Non-Banking Financial Companies (NBFCs) up till 1st April, 2024, for executing […]
RBI proposes to bring foreign correspondents
The Reserve Bank of India (RBI) has proposed to bring a new category of money changers, to be called foreign correspondents, who would conduct the […]
RBI introduces Card-on-File Tokenisation (CoFT) via banks
The Reserve Ban k of India (RBI) has introduced Card-on-File Tokenisation (CoFT) facility through banks. A recent circular from RBI read, “It has been […]
RBI appoints Muneesh Kapur as new Executive Director
The Reserve Bank of India (RBI) has appointed Muneesh Kapur as Executive Director (ED) with effect from 3rd October, 2023. In this role, he will […]
Government finalises borrowing plan for second half of FY 2023-24
The government of India, in consultation with the Reserve Bank of India (RBI), has finalised its borrowing programme for the second half (H2) of the […]
RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs
The Reserve Bank of India (RBI) Deputy Governor Swaminathan J held a meeting yesterday with Heads of the Customer Service Committee of the Board, Managing […]
RBI asks Regulated Entities to release documents within 30 days of loan repayment
The Reserve Bank of India (RBI) has ordered the Regulated Entities (REs) to release all documents within 30 days of loan repayment. The direction shall […]