FinMin has not made decision to discontinue printing of Rs 2000 note

The Finance Ministry informed the Lok Sabha that no decision has been taken to discontinue the printing of Rs 2,000 denomination currency notes,...

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Financial services soon to be part of doorstep banking by PSBs

Financial services will be a part of the doorstep banking services available to public sector bank (PSB) customers from October, according to finance...

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Using UPI for P2P transfers to attract fees after 20 transfers in a month

All the large private banks have introduced charges, ranging from Rs 2.5 to Rs 5, on person-to-person payments using the Unified Payments Interface...

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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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