RBI

RBI Bans Hidden Charges On Free Credit Cards; Rs 500 Fine/Day If Delay In Closure: New RBI Rules For Credit Cards The RBI has announced new guidelines to protect consumers from frauds and hidden charges, among other things. Called…

RBI Will Start Testing India's Own Digital Currency! Wholesale Sector Can Be The 1st Testing Ground RBI Deputy Governor T. Rabi Shankar said that the central bank is ready to begin testing and running pilot projects of Central Bank…

Cardless ATM Withdrawal Via UPI Will Be Rolled Out For All Banks: RBI Mandate RBI Governor Shaktikanta Das said that a proposal has been made which would make cardless cash withdrawals possible using UPI. Pandemic Idea Currently,…

UPI Breaks All Record: Annual Transactions Cross $1 Trillion Mark With 102% Growth In 1 Year! Unified Payments Interface (UPI) has achieved a major milestone, having crossed the $1-trillion mark in transaction values for the financial…

India Losing Rs 100 Crore Every Day In Banking Frauds! Maharashtra #1 With 50% Fraud Share The Reserve Bank of India has revealed that India has lost a minimum of Rs. 100 crore every day to bank frauds or scams in the last seven…

Its debt exposure at the time was reported to be Rs 94,000 crore. Punjab National Bank (PNB) said that a borrowing fraud of Rs 2,060 crore occurred in the non-performing account or NPA account of IL&FS Tamil Nadu Power Company…

There were reports in the market that alleged that the Paytm Payments Bank are allowing the data to be leaked to Chinese firms. Vijay Shekhar Sharma, CEO of Paytm, who is also the majority shareholder in the same, denied these…

All Restrictions Lifted From HDFC Bank; SEBI Allows HDFC To Launch Digital Products & More The RBI has removed the restrictions that were imposed on the new digital launches of HDFC Bank. Background The private lender said to…

The order has been issued due to "certain material supervisory concerns observed in the bank." RBI has ordered Paytm Payments Bank Ltd to immediately stop onboarding new customers. The Orders They can only take on new customers if…

No Debit Card Needed For Activating UPI! Aadhaar OTP Is Enough To Activate UPI (How Will It Work?) From March 15, banks will have to offer account holders the option to activate UPI using the Aadhaar and OTP instead of debit card. …