The Reserve Bank of India or RBI launched CMS, an application on its website, on June 24, 2019, for lodging complaints against banks and NBFCs with a motto to improve customer experience in timely redressal of grievances. The Complaint Management System (CMS) is a… Read More ›
Modi govt is touting a 7% GDP growth in the fiscal year that ended last month. By Andy Mukherjee India’s Prime Minister Narendra Modi has an election to fight. So naturally, his government is touting statistics that show 7 percent… Read More ›
Canara Bank becomes the first public sector bank in India to meet RBI’s EMV mandate. ACI Worldwide, a global provider of real-time electronic payment and banking solutions, announced that Canara Bank has successfully rolled out major new functionality to support EMV card… Read More ›
The central bank has maintained a ‘Neutral’ stance on the monetary policy. The Reserve Bank of India on Thursday once again reduced the benchmark lending rate by 0.25 percentage points to 6 per cent. Four members of the monetary policy… Read More ›
In a regulatory filing, the PNB said the RBI has informed the bank about the Rs 2 crore penalty. Source: The Economic Times NEW DELHI: The RBI has slapped a penalty of Rs 2 crore on Punjab National BankNSE 2.44… Read More ›
In April last year, RBI had issued circular banning banks from providing services to crypto businesses. However, some exchanges have found a new way around the banking problem by launching exchange-escrowed peer-to-peer services. Source: BusinessToday India is the world’s top… Read More ›
Banking Facilities For Senior Citizens And Differently Abled By Roshni Agarwal Source: goodreturns.in It has come to fore that senior citizen and disabled banking customers are not provided banking services as they should be. To address the issue, RBI has advised… Read More ›
Even after the last policy rate reduction, only two banks–SBI and Bank of Maharashtra–chose to do something, by lowering just one-fifth of what the RBI did Source: Business Standard Reserve Bank governor Shaktikanta Das Thursday met bankers and appealed… Read More ›
At present, roughly half of household savings in India are in financial assets. By Saurabh Mukherjea Source: The Economic Times With potentially $500 billion per annum of financial savings arising from annual income and with potentially another $100 billion per… Read More ›
The comments come after the RBI said that it is not having a relook at a Feb 12 circular about NPA Goyal said that there is a need for specialised development finance institutions like IDBI, IFCI and ICICI … Read More ›