Search Results for: Banking Regulation Act

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IDBI Bank shares fall over 3% after RBI levies Rs 3 crore fine

The RBI's penalty will not have any material impact on the bank, IDBI stated in a filing to the Bombay Stock Exchange. But the bank's shares slipped to a one-week low.

Apr 12, 2018

Instagram will let users download copy of their data

It will help Facebook to comply with forthcoming European data privacy norms, General Data Privacy Regulation (GDPR).

Apr 12, 2018

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China opens up auto, financial sectors as Trump tariff war shows results

With the current move, foreign financial institutions will get the chance to compete with domestic players in market whose size is estimated at $40 trillion.

Apr 11, 2018

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Here's why Telangana, Andhra ATMs are still reeling under cash crunch

A majority of automated teller machines (ATMs) in Andhra Pradesh and Telangana are still running without cash due to non-supply of notes. But what has led to this sudden crunch in cash supply?

Apr 11, 2018

Out of favor Bitcoin finds another critic: The World Bank

The World Bank has cautioned the banking sector against Bitcoin business saying it is "dangerous" to the global financial system.

Apr 11, 2018

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Check list of 11 public sector banks under RBI scanner over NPAs

Government sources reportedly confirmed that more banks are expected to be brought under the Prompt Corrective Action (PCA) framework because of deteriorating performance.

Apr 9, 2018

RBI's cryptocurrency clampdown: What happens to your Bitcoin investment?

The government has already cautioned the public over cryptocurrencies, and the RBI has declared that it does not consider bitcoins and others as legal tender.

Apr 9, 2018

Is a bank run in the making?

Stampedes are not created by those who live by hope but by the poor, spooked souls rushing to the exits.

Apr 6, 2018

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Is RBI planning to launch its own cryptocurrency code-named Lakshmi?

If introduced, Lakshmi would run on an implementation of the blockchain technology, which is the backbone of digital currencies like bitcoins.

Apr 6, 2018

Cricket World Cup 2011-winning Indian player under match-fixing scanner

Rajasthan Police have identified possible links between the former Indian cricketer and the mastermind of an organized cricket racket.

Apr 6, 2018

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Banks may be charging a flat fee for SMS alerts -- illegally

The uniform billing by some of the lenders for SMS alerts is against the Reserve Bank of India's advisory.

Apr 5, 2018

Five payments banks in India: Know how they differ

Here is the list of five payments banks in India in 2018 and it's key features.

Apr 5, 2018

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Paytm set to sell mutual funds via a new app

Paytm, owned by One97 Communications, is now planning to launch services including mutual funds, general insurance, life insurance and a number of banking services via its payments bank.

Apr 5, 2018