RBI opens door for Indian banks to fund M&As and proposes to scrap Rs 10,000 cr cap on individual corporate exposure; incremental credit demand has potential to let loose Rs 5.5 lakh cr.
RBI weighing pros and cons on whether to allow lenders to lock phones bought on default loans; aimed at recovery of small-ticket loans mostly from low-income customers.
RBI strengthens consumer grievance resolution by empowering internal ombudsman scheme; rural cooperative banks also brought under ambit of scheme.
RBI Governor Sanjay Malhotra said bouquet of services offered to basic savings bank deposit account holders is proposed to be expanded to include digital banking services.
RBI Governor Sanjay Malhotra has clarified that there is no proposal to levy any charge on UPI transactions.
RBI to introduce premium model for deposit insurance where well-rated banks pay less and weaker ones more. This will incentivise risk management and drive less sound banks to clean up their books.
RBI proposes slew of measures to promote wider use of rupee in cross-border transactions.
RBI is removing proposed regulatory overlap restriction from final guidelines. This will be positive for major banks such as HDFC Bank and ICICI Bank which have NBFC subsidiaries.
RBI slaps penalty of Rs 31.8 lakh on Indian Overseas Bank for non-compliance with certain directions on 'Priority Sector Lending (PSL) - Targets and Classification'.
RBI keeps key repo rate unchanged but indicates room for additional policy easing in coming months, citing weaker growth prospects and subdued inflation.
After some delay, government appoints Asheesh Pandey as MD & CEO of Union Bank of India and Kalyan Kumar as head of Central Bank of India for a period of three years.
RBI Governor Sanjay Malhotra will chair Payments Regulatory Board; it will replace BPSS which did not have government representatives.
Reserve Bank of India slaps penalty of Rs 2.7 lakh on Muthoot FinCorp for non-compliance with certain norms on 'Internal Ombudsman'.
RBI sets 15-day timeframe for settlement of claims on deceased customers’ bank accounts and lockers; simplifies process for deposits up to Rs 15 lakh.
Dubai regulator points out alleged violations pertaining to financial services offered by HDFC Bank’s DIFC branch to customers.
