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Money Transfer Guidelines, LPG Prices: 7 Changes Coming Into Effect From November 1
Starting November 1, a number of changes will come into effect that will affect the day-to-day lives of people across the country. These changes encompass diverse domains, especially financial regulations.
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RBI's New Rule On How To Recover Money Sent To Wrong UPI Address
According to the RBI's new guidelines, if you transfer money to the wrong UPI address, you can expect to get your money back within 24 to 48 hours.
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CRED, PhonePe Can't Be Used For Credit Card Payments? Decoding Latest Rule Change
RBI's new guidelines from July 1 require all credit card bill payments via third-party apps to use BBPS, affecting users of major banks like HDFC and ICICI.
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RBI Issues Draft Rules On Digital Lending To Give Borrowers A Better Deal
RBI on Friday released draft guidelines on digital lending to ensure transparency in aggregation of loan products from multiple lenders by lending service providers so that borrowers get prior knowledge about all credit offers that are available.
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RBI Plans Curbs On Suspect Bank Accounts To Fight Cyber Fraud: Report
India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.
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RBI Issues Draft Guidelines On Payment Aggregators
The Reserve Bank on Tuesday came out with draft guidelines to further strengthen regulations on payment aggregators, a move aimed at boosting the payment ecosystem.
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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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Recovery Agents May Be Barred From Calling Borrowers Between 7 pm And 8 am
The Reserve Bank of India on Thursday proposed stricter norms for recovery of overdue loans under which financial institutions and their recovery agents cannot call borrowers before 8 in the morning and after 7 in the evening.
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Last Date To Exchange Rs 2,000 Notes At Banks Today: All You Need To Know
The last date to exchange Rs 2,000 notes at the bank is today. According to RBI, the Rs 2,000 currency note will remain legal tender even after the October 7 deadline, however, they will not be accepted for transactions.
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RBI Issues Revised Guidelines For Investment Of Commercial Banks
The Reserve Bank of India on Tuesday issued revised classification, valuation and operation guidelines for the investment portfolio of commercial banks, which will be effective from April 1, 2024.
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Cyber Fraud Cases Reports Crossed Over 14,000 in 2021, MoS Informs Parliament
As many as 14,007 cyber fraud cases were registered in 2021, Parliament was informed on Monday. Quoting National Crime Records Bureau (NCRB) data, Minister of State for Finance Bhagwat Karad said "total number of cyber fraud cases which includes...frauds committed through online apps is 14,007 in 2021 (latest published data pertains to the year 20...
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Found Gaps In Corporate Governance At Banks Despite Guidelines: RBI Governor
The Reserve Bank has found gaps in banks' corporate governance despite issuing guidelines on the matter, Governor Shaktikanta Das said on Monday.
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Zomato's Take On RBI's Rs 2000 Note Withdrawal Strikes A Chord With Twitter Users
Zomato Post: Zomato shared a hilarious post regarding the decision, which quickly grabbed attention on the internet. Check it out below.
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Amul Shares Quirky Topical On RBI's Decision To Withdraw Rs 2000 Notes
RBI withdraws Rs. 2,000 notes from circulation, and Amul shared a quirky topical on this decision.
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Amazon Pay India Faces Penalty of Over Rs. 3.06 Crore by RBI for Non-Compliance
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC re...
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Money Transfer Guidelines, LPG Prices: 7 Changes Coming Into Effect From November 1
Starting November 1, a number of changes will come into effect that will affect the day-to-day lives of people across the country. These changes encompass diverse domains, especially financial regulations.
-
RBI's New Rule On How To Recover Money Sent To Wrong UPI Address
According to the RBI's new guidelines, if you transfer money to the wrong UPI address, you can expect to get your money back within 24 to 48 hours.
-
CRED, PhonePe Can't Be Used For Credit Card Payments? Decoding Latest Rule Change
RBI's new guidelines from July 1 require all credit card bill payments via third-party apps to use BBPS, affecting users of major banks like HDFC and ICICI.
-
RBI Issues Draft Rules On Digital Lending To Give Borrowers A Better Deal
RBI on Friday released draft guidelines on digital lending to ensure transparency in aggregation of loan products from multiple lenders by lending service providers so that borrowers get prior knowledge about all credit offers that are available.
-
RBI Plans Curbs On Suspect Bank Accounts To Fight Cyber Fraud: Report
India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.
-
RBI Issues Draft Guidelines On Payment Aggregators
The Reserve Bank on Tuesday came out with draft guidelines to further strengthen regulations on payment aggregators, a move aimed at boosting the payment ecosystem.
-
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.
-
Recovery Agents May Be Barred From Calling Borrowers Between 7 pm And 8 am
The Reserve Bank of India on Thursday proposed stricter norms for recovery of overdue loans under which financial institutions and their recovery agents cannot call borrowers before 8 in the morning and after 7 in the evening.
-
Last Date To Exchange Rs 2,000 Notes At Banks Today: All You Need To Know
The last date to exchange Rs 2,000 notes at the bank is today. According to RBI, the Rs 2,000 currency note will remain legal tender even after the October 7 deadline, however, they will not be accepted for transactions.
-
RBI Issues Revised Guidelines For Investment Of Commercial Banks
The Reserve Bank of India on Tuesday issued revised classification, valuation and operation guidelines for the investment portfolio of commercial banks, which will be effective from April 1, 2024.
-
Cyber Fraud Cases Reports Crossed Over 14,000 in 2021, MoS Informs Parliament
As many as 14,007 cyber fraud cases were registered in 2021, Parliament was informed on Monday. Quoting National Crime Records Bureau (NCRB) data, Minister of State for Finance Bhagwat Karad said "total number of cyber fraud cases which includes...frauds committed through online apps is 14,007 in 2021 (latest published data pertains to the year 20...
-
Found Gaps In Corporate Governance At Banks Despite Guidelines: RBI Governor
The Reserve Bank has found gaps in banks' corporate governance despite issuing guidelines on the matter, Governor Shaktikanta Das said on Monday.
-
Zomato's Take On RBI's Rs 2000 Note Withdrawal Strikes A Chord With Twitter Users
Zomato Post: Zomato shared a hilarious post regarding the decision, which quickly grabbed attention on the internet. Check it out below.
-
Amul Shares Quirky Topical On RBI's Decision To Withdraw Rs 2000 Notes
RBI withdraws Rs. 2,000 notes from circulation, and Amul shared a quirky topical on this decision.
-
Amazon Pay India Faces Penalty of Over Rs. 3.06 Crore by RBI for Non-Compliance
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC re...
