RBI

However during national holidays, all banks in India are closed. Banks will remain shut for 13 days in March, according to the dates released by the RBI. Holiday Types 7 holidays are as per the RBI holiday calendar list and the…

RBI Warns Indians Against Crypto Trading: Value Less Than A Tulip! A week after the budget 2022-23 proposed 30% tax on gains made from cryptocurrency trades, Reserve Bank of India (RBI) governor Shaktikanta Das termed it as a "threat to…

A top government source said that India shall very soon have its very own official digital currency. By 2023, this digital currency shall mirror any of the currently available private company-operated electronic wallets, but with a…

RBI Suddenly Shuts Down This Cooperative Bank; Customers Can Only Get Rs 5 Lakh Deposit Back The RBI has cancelled the licence of Independence Co-operative Bank Ltd in Maharashtra's Nashik. It said that the bank will no longer carry…

Bad Bank All Set To Start: Rs 50,000 Crore Bad Loans From 15 Cases To Be Transferred Before we delve into the current story, let us look at what exactly are bad debts and what are bad banks. When the borrowers of a bank start defaulting…

Crypto issues are expected to fall under its purview as well. The RBI has established an internal fintech department that will focus on fintech innovation and related regulations. It began operations from January 4, 2022. In…

Shocker For 18 Crore PNB Customers: Pay Rs 10,000 For Not Maintaining Balance; 100% Increase In Cash Handling Fees! (Full List) Change is the only constant, they say. And no one is excepted from this change. Not even the bankin sector.…

Considering the non-compliance with regulatory requirements, the Reserve Bank of India (RBI) canceled the Certificate of Authorisation (CoA) of two Payment System Operators (PSOs)  Muthoot Vehicle and Asset Finance Limited and Eko India…

RBI has identified the state-owned lender State Bank of India and two private lenders ICICI Bank and HDFC Bank as Domestic Systemically Important Banks for 2021 The banking regulator Reserve Bank of India (RBI) has released the list of…

The framework was announced following feedback from a pilot project. RBI has released a framework for offline digital payments to help increase the penetration of digital transactions. Offline digital payment refers to a transaction…