RBI

"Stop charging extra interest on loans"; RBI cracks down on banks amid unfair practices

The Reserve Bank of India (RBI) on Monday directed banks and NBFCs to immediately review their practices to ensure that they are fair and transparent in the interest they charge customers as several instances have been detected where excessive interest has been charged on loans.

Apr 29, 2024

kotak mahindra bank kotak mf uday kotak schemes debt equity investors lti facility branch atm

Kotak Mahindra Bank cannot onboard new customers, issue fresh credit cards: RBI [here's why]

The Reserve Bank of India (RBI) on Wednesday directed Kotak Mahindra Bank Limited to stop onboarding of new customers through its online and mobile banking with immediate effect and also barred the bank from issuing fresh credit cards.

Apr 24, 2024

Banks must provide simple key facts statement to borrowers on terms of loans: RBI

The RBI on Monday directed all banks and housing finance companies to provide 'key fact statements' (KFS) in simple terms to the prospective borrowers on the loans and interest that they are expected to pay to ensure transparency and help them make informed decisions.

Apr 16, 2024

RBI leaves key repo rate unchanged, focus on keeping inflation in check

The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in its monetary policy review for the seventh consecutive time, with the aim of keeping inflation in check and ensuring that the economy moves on a stable growth path.

Apr 5, 2024

India's forex reserves surge for 3rd week in row to touch $642.5 billion mark

India's foreign exchange reserves surged by $6.4 billion to touch a robust $642.5 billion for the week ended March 15, the latest data released by the RBI on Friday showed.

Mar 23, 2024

RBI directs all Agency Banks to remain open on March 31

The Reserve Bank of India (RBI) on Wednesday issued an order for all branches of banks dealing with government receipts and payments to remain open on March 31, which is a Sunday.

Mar 20, 2024

RBI slaps fines on Bank of India & Bandhan Bank for breach of rules

The Reserve Bank of India (RBI) has imposed fines on Bank of India and Bandhan Bank for breach of rules, the central bank said on Wednesday.

Mar 14, 2024

India's forex kitty shoots up by $6.55 billion

India's foreign exchange reserves shot up by $6.55 billion to $625.63 billion for the week ending March 1, according to the latest data released by the RBI on Friday.

Mar 9, 2024

RBI issues new order on credit cards to give customers more choice

The RBI on Wednesday issued a directive barring credit card issuers (banks and non-banks) from entering into any arrangement or agreement with card networks such as American Express, MasterCard Asia, Diners Club and Rupay that restrain them from availing the services of other card networks.

Mar 6, 2024

Here's all you need to know about RBI's Unclaimed Deposits portal

The Reserve Bank of India (RBI) on Tuesday issued a set of frequently asked questions (FAQs) about its UDGAM portal to help people recover their funds that are stuck in unclaimed deposits/ accounts with banks.

Mar 6, 2024

Sovereign Gold Bonds to be issued from Feb 12-16, can be used as collateral for loans [details]

Finance Ministry on Friday said that the Sovereign Gold Bonds 2023-24 (Series IV) will be opened for subscription during February 12-16, with settlement date as February 21.

Feb 10, 2024

Sensex tanks more than 600 points after RBI credit policy

Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 per cent.

Feb 8, 2024

Lakhs of dormant wallets, one Pan Card for 1000 accounts... how Paytm came under the RBI scrutiny and what next [details]

This is not the first time Paytm has been caught in the regulatory crosshairs. However, this is the first time that its violations have been under a detailed scrutiny, begging the question how did it get away for seven years?

Feb 6, 2024

1 2 3 4 5 6 7 8 9 10 Next

RBI

"Stop charging extra interest on loans"; RBI cracks down on banks amid unfair practices

Kotak Mahindra Bank cannot onboard new customers, issue fresh credit cards: RBI [here's why]

Banks must provide simple key facts statement to borrowers on terms of loans: RBI

RBI leaves key repo rate unchanged, focus on keeping inflation in check

India's forex reserves surge for 3rd week in row to touch $642.5 billion mark

RBI directs all Agency Banks to remain open on March 31

RBI slaps fines on Bank of India & Bandhan Bank for breach of rules

India's forex kitty shoots up by $6.55 billion

RBI issues new order on credit cards to give customers more choice

Here's all you need to know about RBI's Unclaimed Deposits portal

Sovereign Gold Bonds to be issued from Feb 12-16, can be used as collateral for loans [details]

Sensex tanks more than 600 points after RBI credit policy

Lakhs of dormant wallets, one Pan Card for 1000 accounts... how Paytm came under the RBI scrutiny and what next [details]

Growth in banks' credit surpassing deposits: RBI

RBI proposes stricter rules for housing finance firms

RBI issues directions on Internal Ombudsman rules for banks, NBFCs

Online loan crackdown: FM Nirmala Sitharaman says 2,500 apps removed by Google from Playstore

India's forex reserves rise to 4-month high

RBI retains repo rate at 6.5%

Over 97% of Rs 2,000 banknotes have been returned: RBI

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious