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Banks Can Charge Over 30% Interest On Credit Card Dues: Supreme Court
Banks can charge over 30 per cent on credit card dues from customers after the Supreme Court set aside a sixteen-year-old National Consumer Disputes Redressal Commission verdict.
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Banks Can Charge Over 30% Interest On Credit Card Dues: Supreme Court
Banks can charge over 30 per cent on credit card dues from customers after the Supreme Court set aside a sixteen-year-old National Consumer Disputes Redressal Commission verdict, which held charging excessive interest rates.
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Unified Lending Interface Will Be Launched In Due Course: RBI Chief
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
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Notice To Centre, RBI For Alternate Digital KYC Method For Acid Attack Survivors
The Supreme Court today sought a response from the Centre, the Reserve Bank of India and others on a plea seeking an alternate digital KYC (Know Your Customer) process for acid attack survivors and individuals with permanent eye damage.
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Axis Bank Credit Card Users Impacted By Fraudulent Transactions: Report
Several customers having Axis Bank credit cards have been impacted by fraudulent overseas transactions, a senior official from the third largest private sector lender said today.
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Ex-Bank Executive Dupes 85-Year-Old Man Of Rs 9.4 Crore. He Lured Him To...
The Mumbai police have arrested a former executive of a multinational bank for allegedly siphoning off Rs 9.4 crore from an 85-year-old customer's account by luring him to invest in stocks, an official said on Monday.
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RBI Mute Spectator As Banks Charge High Interest Rates: Allahabad High Court
The Allahabad High Court has observed that the Reserve Bank of India has been a "mute spectator" while banks are imposing arbitrarily high interest rates on customers despite guidelines issued by the banking regulator.
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UCO Bank Customers "Mistakenly" Get Rs 820 Crore Credit, CBI Files Case
The CBI action came following the FIR that was registered on a complaint from UCO Bank against two support engineers working with the bank and other unknown persons.
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SBI MD Encourages MFIs to Enhance Data Privacy, Cyber Security
State Bank of India (SBI) managing director Alok Kumar Choudhary on Wednesday said there is a need for micro finance institutions (MFIs) to pay attention to data privacy and cyber security as they deal with data of a large number of customers. Speaking at a conference organised by Sa-Dhan, he said, MFIs should also focus on capacity building to de...
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RBI Stops Bank Of Baroda From Onboarding New Customer On Its Mobile App
The Reserve Bank of India on Tuesday barred state-owned Bank of Baroda from onboarding fresh customers on its mobile application 'bob World' with immediate effect, citing material supervisory concerns.
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CBI Files Case Against Bank For Swindling Money Of Over 20,000 Customers
The CBI has filed an FIR against a small savings bank for allegedly swindling investment worth crores of rupees of more than 20,000 of its customers in West Bengal, officials said on Monday.
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Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs
Finance Minister Nirmala Sitharaman today asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future.
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HDFC Bank Onboards Over 1 Lakh Customers, 1.7 Lakh Merchants On Digital Currency Pilot
The largest private sector lender HDFC Bank on Thursday claimed that it has on-boarded over 1 lakh customers and more than 1.7 lakh merchants on the CBDC pilot programme and activated an interoperable UPI QR code with the e-rupee platform.
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Flipkart to Distribute Axis Bank Personal Loans of Up to Rs. 5 Lakh Amid RBI Concerns on Unsecured Lending
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.
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Punjab National Bank Launches its Virtual Branch in the Metaverse: Details
State-owned Punjab National Bank (PNB) on Thursday announced the launch of a virtual branch, PNB Metaverse. It is a virtual branch of the bank, which will deliver a unique experience of banking to existing and new customers, who can now explore the bank’s products and services.
-
Banks Can Charge Over 30% Interest On Credit Card Dues: Supreme Court
Banks can charge over 30 per cent on credit card dues from customers after the Supreme Court set aside a sixteen-year-old National Consumer Disputes Redressal Commission verdict.
-
Banks Can Charge Over 30% Interest On Credit Card Dues: Supreme Court
Banks can charge over 30 per cent on credit card dues from customers after the Supreme Court set aside a sixteen-year-old National Consumer Disputes Redressal Commission verdict, which held charging excessive interest rates.
-
Unified Lending Interface Will Be Launched In Due Course: RBI Chief
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
-
Notice To Centre, RBI For Alternate Digital KYC Method For Acid Attack Survivors
The Supreme Court today sought a response from the Centre, the Reserve Bank of India and others on a plea seeking an alternate digital KYC (Know Your Customer) process for acid attack survivors and individuals with permanent eye damage.
-
Axis Bank Credit Card Users Impacted By Fraudulent Transactions: Report
Several customers having Axis Bank credit cards have been impacted by fraudulent overseas transactions, a senior official from the third largest private sector lender said today.
-
Ex-Bank Executive Dupes 85-Year-Old Man Of Rs 9.4 Crore. He Lured Him To...
The Mumbai police have arrested a former executive of a multinational bank for allegedly siphoning off Rs 9.4 crore from an 85-year-old customer's account by luring him to invest in stocks, an official said on Monday.
-
RBI Mute Spectator As Banks Charge High Interest Rates: Allahabad High Court
The Allahabad High Court has observed that the Reserve Bank of India has been a "mute spectator" while banks are imposing arbitrarily high interest rates on customers despite guidelines issued by the banking regulator.
-
UCO Bank Customers "Mistakenly" Get Rs 820 Crore Credit, CBI Files Case
The CBI action came following the FIR that was registered on a complaint from UCO Bank against two support engineers working with the bank and other unknown persons.
-
SBI MD Encourages MFIs to Enhance Data Privacy, Cyber Security
State Bank of India (SBI) managing director Alok Kumar Choudhary on Wednesday said there is a need for micro finance institutions (MFIs) to pay attention to data privacy and cyber security as they deal with data of a large number of customers. Speaking at a conference organised by Sa-Dhan, he said, MFIs should also focus on capacity building to de...
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RBI Stops Bank Of Baroda From Onboarding New Customer On Its Mobile App
The Reserve Bank of India on Tuesday barred state-owned Bank of Baroda from onboarding fresh customers on its mobile application 'bob World' with immediate effect, citing material supervisory concerns.
-
CBI Files Case Against Bank For Swindling Money Of Over 20,000 Customers
The CBI has filed an FIR against a small savings bank for allegedly swindling investment worth crores of rupees of more than 20,000 of its customers in West Bengal, officials said on Monday.
-
Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs
Finance Minister Nirmala Sitharaman today asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future.
-
HDFC Bank Onboards Over 1 Lakh Customers, 1.7 Lakh Merchants On Digital Currency Pilot
The largest private sector lender HDFC Bank on Thursday claimed that it has on-boarded over 1 lakh customers and more than 1.7 lakh merchants on the CBDC pilot programme and activated an interoperable UPI QR code with the e-rupee platform.
-
Flipkart to Distribute Axis Bank Personal Loans of Up to Rs. 5 Lakh Amid RBI Concerns on Unsecured Lending
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.
-
Punjab National Bank Launches its Virtual Branch in the Metaverse: Details
State-owned Punjab National Bank (PNB) on Thursday announced the launch of a virtual branch, PNB Metaverse. It is a virtual branch of the bank, which will deliver a unique experience of banking to existing and new customers, who can now explore the bank’s products and services.
