RBI

The Reserve Bank of India (RBI), in its latest monetary policy has allowed the cash withdrawal as well as merchant payment from prepaid instruments (PPIs) such as mobile wallets. Digital wallets have also been allowed by the banking…

The RBI had hired an outside specialist IT company to conduct a special audit of HDFC Bank's entire IT infrastructure. Experts predict that HDFC Bank's wait to resume issuing new credit cards will grow longer, as back-to-back technical…

On Monday, the Lok Sabha was informed that in the last 2 years ?2,000 currency notes have not been printed. Decreased ?2000 Denomination In Circulation Anurag Singh Thakur, Minister of State for Finance, in a written reply…

Contactless payments, now after the push on digital payments, is what Indian authorities is eying for and Indian banks are following suit. Previous year the month of October saw State Bank of India (SBI) launching ‘Titan Pay’, after…

25 Internet companies protest new RBI rules that no longer allows online card data storage. Strict new rules for payment aggregators and gateways constructed by RBI to go on floors from this July has invited letters expressing concern…

Supreme Court on Friday said that banks cannot simply wash off their hands as far as loss of items in locker in concerned and hence directed RBI and given a period of three months to lay down steps to be taken with respect to locker…

The employee union of Bank of Maharashtra (BoM), in the backdrop of the problems that two private sector banks – YES Bank and Lakshmi Vilas Bank and a host of urban co-operative banks (UCBs) faced in the recent past, wants the…

RBI issued pointers to identify fake notes and where to file complaints online Latest reports reveal that scammers running a racket of counterfeit notes have shifted their focus on circulating lower denomination notes like Rs 50, Rs 100…

In today's monetary policy statement, certain measures for the protection of common bank account holders has been announced by RBI. This includes integrated ombudsman scheme, allowing retail investors to open Gilt accounts with RBI,…

Demonetization Starts For These Currency Notes From March, 2021: What Should You Do Now? Update: Govt of India has clarified that the old Rs 100, Rs 10 and Rs 5 notes will be valid and will be legal tenders, even as they are being…