RBI

UPI, NEFT, IMPS For International Transactions? RBI Wants Payments To Cross Borders! Many countries that are attracted by the low-cost digital payment products in India have expressed interest in replicating India’s products based on…

RBI Starts Daily Reporting Of Payments: UPI, NEFT Usage 1300% More Than Cash! We all are well familiar with the phrase, “Cash is King”. Maybe this is the right time to unlearn the statement? The new data released by the RBI may…

Supreme Court Scolds RBI For Charging Interest On EMI, Loan Moratorium; 2 Lakh Cr Income For Banks? The Reserve Bank of India’s on March 27 passed a circular, permitting all the lending institutions to allow a three moratorium period on…

EMI Moratorium Of 6 Months On Rs 30 Lakh Loan Is Rs 11 Lakh Extra Interest! (Compare The Difference) The Reserve Bank of India (RBI) in a press conference dated March 27, 2020 announced an EMI moratorium of 3 months on repayment of term…

Canara Bank's Emergency Loans For Entrepreneurs: Pay EMI After 6 Months, No Security Needed The COVID-19 pandemic has affected many businesses across many industries all over the country. The Reserve Bank of India (RBI) has introduced…

RBI Extends EMI Moratorium For Next 3 Months: You Can Delay EMIs Till August End The Reserve Bank of India (RBI) had announced the moratorium on the loan EMIs starting on March 1, 2020 for a period of 3 months i.e. till May 31, 2020. …

Now Open A Bank A/c Using Video KYC: Kotak Mahindra Bank Launches India's 1st Zero-Contact Saving A/c In January 2020, the Reserve Bank of India amended the Know Your Customer (KYC) norms and introduced the video-based KYC option to…

Supreme Court Accepts Petition To Ban WhatsApp Payments In India; RBI, WhatsApp Asked To Reply WhatsApp is reportedly launching its payments option, WhatsApp Pay in partnership with three private banks in India soon. The Supreme…

Axis Bank, Kotak Mahindra Suddenly Cuts Credit Limits By 90%: Banks Losing Trust In Customers? Axis Bank and Kotak Mahindra Bank have reduced credit card limits of their customers upto 90% so as to reduce repayment risk. Read to…

WhatsApp Pay Will Go Live By May End; SBI Will Not Be Part Of WhatsApp's Payment Platform Earlier this year, Whatsapp was granted regulatory approval from The National Payments Corporation of India (NPCI) to operate WhatsApp Pay in…