RBI warns banks over 'unfair practices' in charging interest on loan
An RBI probe finds many instances of banks and other regulated entities resorting to "unfair practices" in charging interest from consumers
An RBI probe finds many instances of banks and other regulated entities resorting to "unfair practices" in charging interest from consumers
Shares of Kotak Mahindra Bank hit a 52-week low of ₹1,602 in opening trade on the National Stock Exchange (NSE).
RBI says action was taken due to significant concerns arising out of Kotak Mahindra Bank's IT examination and 'continued failure' on part of the bank to address these
RBI, in its latest bulletin for April, says to benefit from digitalisation and GenAI, a supportive policy and FDI measures are critical
As per the RBI release, the banking regulator has asked the payment aggregators to apply for PoS authorisation from RBI by May 31, 2025.
GDP growth for the current financial year 2024-25 is projected at 7%
RBI is the appropriate body for the holistic appreciation of the banking vision of Viksit Bharat, says PM Modi
The decision taken to account for all the government transactions relating to receipts and payments in the FY 2023-24 itself
Federal Bank informed exchanges that it is in the process of rectifying areas that are deficient and will seek regulatory clearance prior to the resumption of new issuance.
The amalgamation will result in compliance with the regulations of the Reserve Bank of India (RBI) which require the mandatory listing of Aditya Birla Finance by September 30, 2025.