RBI introduces card tokenisation facility at bank level

RBI introduces card tokenisation facility at bank level

The RBI has introduced a Card-on-File (CoF) token facility at the level of banks and other instituti..

Unclaimed deposits with banks jump 28% to Rs 42,270 cr

Unclaimed deposits with banks jump 28% to Rs 42,270 cr

Unclaimed bank deposits are on the rise, touching Rs 42,270 crore as on March 2023. This is up 28% f..

RBI lifts ban on Razorpay, Cashfree

RBI lifts ban on Razorpay, Cashfree

After almost a year of freeze, the Reserve Bank of India (RBI) has lifted the ban on payment aggrega..

RBI targets evergreening of loans via AIFs, tightens norms

RBI targets evergreening of loans via AIFs, tightens norms

The Reserve Bank of India (RBI) has tightened certain norms with the objective of checking evergreen..

IMF terms RBI’s currency intervention excessive, RBI opposes

IMF terms RBI’s currency intervention excessive, RBI opposes

The International Monetary Fund (IMF) has reclassified India’s exchange rate regime from a “floating..

Will PSU banks see another wave of mergers?

Will PSU banks see another wave of mergers?

The possible merger of some public sector banks gained currency after a government document, shared ..

ED attached Rs 64,920 cr crime proceeds in bank fraud cases

ED attached Rs 64,920 cr crime proceeds in bank fraud cases

The Enforcement Directorate has taken up 1,105 bank fraud cases, attached crime proceeds worth Rs 64..

Retail inflation climbs to 3-month high of 5.55% in November

Retail inflation climbs to 3-month high of 5.55% in November

Retail inflation climbed to a three-month high of 5.55% in November, led by higher food prices.In Oc..

RBI cautions against misleading ads on loan waiver

RBI cautions against misleading ads on loan waiver

The Reserve Bank of India (RBI) has cautioned public not to fall prey to misleading advertisements o..

RBI Governor on interest rate, inflation, growth

RBI Governor on interest rate, inflation, growth

Why the MPC decided to keep the repo rate unchanged at 6.5% while remaining prepared to undertake ap..

Banks, employee unions agree to 17% salary hike

Banks, employee unions agree to 17% salary hike

Public sector banks will have to cough out Rs 12,449 crore more a year following a new wage agreemen..

OTP not required for these kind of payments

OTP not required for these kind of payments

No one-time password (OTP) based authentication will be needed for UPI recurring payments up to Rs 1..

RBI to set up fintech repository by April 2024

RBI to set up fintech repository by April 2024

The Reserve Bank of India (RBI) has proposed to set up  a fintech repository by April 2024.Fint..

RBI to tighten connected lending rules

RBI to tighten connected lending rules

The Reserve Bank of India (RBI) proposes to come out with a regulatory framework for connected lendi..

No plans to loosen interest rates: RBI Governor

No plans to loosen interest rates: RBI Governor

The Reserve Bank of India (RBI) has no plans to loosen interest rates as inflation continues to be t..