HDFC Bank delayed reports of repayment status of millions of borrowers: Experian to RBI

One of India’s biggest credit bureaus has informed the central bank about delays in receiving information from HDFC Bank Ltd., the...

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RBI Launches Pilot Scheme for Offline Payments through Cards and Mobile

Due to lack of Internet connectivity or low speed Internet, especially in rural areas, the Reserve Bank of India (RBI) has encouraged companies to...

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President promulgates ordinance to bring co-operative banks under RBI supervision

President Ram Nath Kovind has promulgated the Banking Regulation (Amendment) Ordinance, 2020 to bring all urban cooperative banks and multi-state...

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Cooperative banks will be brought under RBI supervision

Following the cabinet decision, 1,482 urban cooperative banks and 58 multi-state cooperative banks will come under the central bank’s...

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BI asks banks, NBFCs to disclose digital lending agents upfront

The Reserve Bank has directed banks, NBFCs and digital lending platforms to disclose full information upfront on their websites to customers, so as...

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HDFC Bank, SBI launch special FD schemes for senior citizens

The State Bank of India (SBI) and HDFC Bank launched a special fixed deposit (FD) scheme for senior citizens.

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SC tells RBI to implement 3-month loan moratorium in letter & spirit

The Supreme Court directed the Reserve Bank of India (RBI) to ensure that its circular on the three-month moratorium on loan repayment between March...

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Contact-free card payments to become common now

The Reserve Bank of India has given the green signal to the country’s payment networks

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ICICI Bank launches voice banking services on Amazon Alexa and Google Assistant

ICICI Bank announced that it has integrated its AI powered multi-channel chatbot, ‘iPal’, with voice assistant apps--Amazon Alexa and...

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Equitas Small Finance Bank Offers Online Fixed Deposits, Savings Account

Customers can open a 'Selfe Fixed Deposit' online for up to Rs 90,000 by using their Aadhaar Number and PAN.

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