RBI

Supreme Court Stops Banks From Charging Interest On Loan Moratorium Till Next Hearing Supreme Court today (September 10th, 2020) heard petitions and counter arguments on the matter of charging interest on loan moratorium, and the…

Supreme Court Wants Govt To Waive Off Interest On Loan Moratorium; But Govt Resists The Supreme Court has reprimanded the Centre regarding its inaction, and has also asked to clarify its stand on the waiver of interest for deferred…

Home Loan EMIs Can Be Postponed By RBI After Aug 31 When the coronavirus pandemic showed up its ugly head in the country a nationwide lockdown was imposed. In the lockdown, The Reserve Bank of India announced that the EMI payment could…

The current conditions of public sector banks are shaky and must be immediately attended to. 3 advantages of privatizing public sector banks. With news gushing in from every direction and with perspective about the privatization of…

RBI Rolls Out Offline Digital Payments At Retail Outlets Upto Rs 200: How Will It Work? In order to encourage more digital transactions and payments, Reserve Bank of India (RBI) has now rolled out offline payments for retail outlets. …

Cheques Will Become Fraud-Free, Super-Safe With Positive Pay Mechanism: How Will It Work? For making cheque payments safer, the Reserve Bank of India (RBI) has announced the introduction of ‘Positive Pay’ for all the cheques above…

SBI Lost Rs 1.2 Lakh Crore Due To Bad Loans; Recovered Only Rs 8969 Crore In 8 Years! The State Bank of India has written off Rs 1.23 lakh crore, but has recovered just Rs 8,969 crore or just over 7% over the past 8 fiscal years. …

SBI Chairman's Salary Is 98% Less Than HDFC MD's Salary! Find Out How Much They Earn According to the latest annual report released by HDFC Bank, its Managing Director (MD) Aditya Puri took home a total remuneration of Rs 18.9 crore in…

RBI Cracks Down On Loan Apps For Blackmailing Users, Hijacking Phone Contacts For Recovery; Strict Rules Formed Have you been interacting with digital lending platforms (like apps) for the purpose of taking up a loan? Have you noticed…

Google Pay Beats Paytm, Becomes #1 Payment App; Google Says No Law Being Broken Google Pay has topped the India’s payments market over its rivals PhonePe, Amazon Pay and Paytm. Although, its biggest challenge is yet to come! …