The Reserve Bank of India has announced that there will be cash withdrawal charges imposed on ATMs’ transactions if the customers exceed the monthly limit of free transactions on their…
The Reserve Bank of India has observed that some of the cooperative societies are employing the word- ‘bank’ in their names, against the rules mentioned in the Banking Regulation Act.…
A Reserve Bank of India (RBI) working group has put forth a suggestion for separate legislation to protect the rights of the customers from illegal digital lending activities. The RBI…
The Reserve Bank of India (RBI) on Friday said that the banks can only reclassify non-performing assets to “standard” assets only when the complete arrears of interest and principal are…
The Reserve Bank of India (RBI) is all set to organise its first-ever global hackathon on the theme of digital payments, it said in a statement on Tuesday. “HARBINGER 2021–Innovation…
The Reserve Bank of India (RBI) has approved Bandhan Bank as an “agency bank” for undertaking business of the government. With this, the bank joins the handful of scheduled private…
Shaktikanta Das, governor of the Reserve Bank of India (RBI), stated on Monday that a robust audit system is required for a resilient economy, and the auditing is the cornerstone…
The RBI has imposed a penalty of ₹1 crore on Paytm Payments Bank Limited (PPBL) owing to non-compliance with its certain directions. In a release on Wednesday, the RBI stated…
The Reserve Bank of India (RBI) imposed a fine on the State Bank of India ( SBI) worth Rs 1 crore on Monday for not complying with fraud classification criteria.…
The Reserve Bank of India (RBI), on Tuesday, announced that it has disqualified chartered accounting firm Haribhakti & Co from undertaking any type of audit assignments in any of the…
