RBI

With this new mandate, many profitable current accounts could migrate from MNC banks to public sector lenders and some of the large private sector Indian banks. Reserve Bank of India (RBI) has set a deadline of July 30 till which…

HDFC Bank All Set To Unleash After Govt Ban Ends In July; Will Add New Credit Card Users, Improve Digital Banking Private sector lender HDFC Bank which has the largest credit card customer base with 1.49 crore outstanding credit cards…

The price of each device, manufactured by Mumbai-based Trackpoint GPS, ranges from Rs 18,000 to Rs 19,500. HDFC Bank will refund the commision it charged for GPS devices that came with auto loans to its auto loan customers. …

RBI has proposed to remove the ceiling on interest rates for micro-finance lenders, among other key measures. Microfinance institutions (MFIs) might be allowed to set interest rates guided by a board-approved policy, under a…

Citing that privatisation could compromise data safety, the central bank has been asked by a union representing India's largest state-run bank and a global alliance to bar large companies from setting up payment networks. In order…

The NACH system provides a secure and scalable platform with both transaction and file-based transaction processing capabilities National Automated Clearing House (NACH) payment system will be available on all days of the week from…

Indian Banks Lost Rs 5 Lakh Crore In Frauds; SBI #1 In Frauds, PNB At #2 (Full List) As of March 31, 2021, the banks operating in India reported fraud of Rs 4.92 trillion. This nearly represents 4.5 percent of the total bank credit,…

Some of the holidays in the list are observed only in certain territories and not nationwide.  There will be 9 bank holidays for the month of June. These include 2nd and 4th Saturdays and all Sundays when all banks are…

Various public sector banks have worked to put their processes in order after the multi-billion dollar Punjab National Bank scam. All the public sector banks have decided to learn a lesson. More than double the…

The rise of 7.2% of circulated banknotes can be attributed to people preserving cash for the pandemic. 912 mn soiled notes were pulled from circulation. RBI reported that there was a rise in circulation of banknotes in 2020. …