New debit credit card rules: How bank customers will benefit from this RBI proposal of card portability
This rule challenges the existing practice where card network options are predetermined by agreements between issuers and networks
“Wrong interpretation of RTI info”: RBI on reports of missing banknotes
The Reserve Bank of India (RBI) has clarified that reports alleging missing Rs.500 notes worth Rs.88,032 crore from…
RBI on 2000 Rupee note: RBI to withdraw Rs 2,000 notes from circulation
It has advised banks to stop issuing ₹2000 denomination banknotes with immediate effect
3,574 fake currency notes deposited in 16 banks, RBI in Ahmedabad
The office-bearers of these banks wrote to the city police commissioner to conduct an inquiry into the case,…
Report: RBI evaluating potential bidders for majority stake in IDBI Bank
The Reserve Bank of India (RBI) is currently assessing several potential bidders who have expressed interest in acquiring…
RBI pauses key repo rate hike, keeps it at 6.5%
The rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May…
RBI imposes Rs 3.06 crore fine on Amazon Pay (India) for violation of norms
Amazon Pay is the digital payment arm of e-commerce giant Amazon
Transaction in UPI, IMPS, Bharat Bill sees slowdown in growth rate
Growth in transactions of UPI, IMPS, and BBPS came in at a slower pace in both volume and…
RBI raises repo rate by 25 bps to 6.5%
RBI now sees inflation averaging 6.5 per cent in the current 2022-23 financial year and at 5.3 per…
Bank locker rules: RBI extends deadline for banks to renew locker agreements till Dec 31
The RBI said the deadline will be extended in a phased manner by December 31, 2023