Federal Bank, South Indian Bank shares plunge up to 5% on RBI action
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.
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.
RBI tells business card issuers to put in place an effective mechanism to monitor the end use of funds.
Fairfax India Holdings Corporation announced its commitment to provide liquidity support worth $200 million to the company, amidst the Reserve Bank of India's (RBI) ban on issuing gold loans.
The directions do not apply to card issuers who issue credit cards on their own authorised card networks.
The RBI’s probe found certain material supervisory concerns in the company’s gold loan portfolio
Nirmala Sitharaman urges RBI to hold monthly meetings via virtual mode to discuss concerns of start-ups and fintech companies.
The measures will minimise concentration risk in the UPI system by having multiple payment app providers, says RBI.
RBI order directs “a company” to stop all card-based payments made via intermediaries to entities that don't accept card payments
The central bank says it’ll also come up with a framework to authenticate digital payment transactions