Search For "bank of india"
RBI lifts curb on American Express, allows onboarding new customers
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): Reserve Bank of India (RBI) on Wednesday lifted restrictions on American Express Banking Corp. With the lifting of the ban, American Express will now be able to add new customers in India to its card network.
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RBI bars Kerala-based Thodupuzha Urban Co-operative Bank from accepting de
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 24 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has barred Kerala-based Thodupuzha Urban Co-operative Bank Ltd from offering basic services like granting any loans and advances or making any investment or acceptance of fresh deposits.
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US Treasury official to start India visit today
Updated : 3 years, 10 months ago IST
New Delhi [India], August 24 (ANI): US Treasury Deputy Secretary Wally Adeyemo is set to start his three-day visit to India on Wednesday during which talks will be held on economic and security issues between the two countries.
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Tokenisation of debit, credit cards by September; here's what it means for
Updated : 3 years, 10 months ago IST
New Delhi [India], August 23 (ANI): The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens by September 30 this year. This added layer of security by way of tokenisation
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RBI imposes monetary penalty on Swagatam Marketing
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 22 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty on Swagatam Marketing Private Limited, Kolkata, for non-compliance with NBFC-related norms.
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LIC Housing Finance hikes lending rates by 50 basis points
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], August 22 (ANI): LIC Housing Finance Ltd, a leading housing finance company in India, on Monday announced 50 basis points increase in lending rates following the Reserve Bank of India's recent decision to hike policy repo rate.
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RBI's digital lending norms to change operating model of NBFCs
Updated : 3 years, 11 months ago IST
New Delhi [India], August 20 (ANI): The digital lending norms announced by the Reserve Bank of India (RBI) on August 10, 2022, aim to usher in orderly growth and financial stability, check malpractices, strengthen transparency, and protect customer interests. They would, however, raise opera
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India's forex reserves dip by $2.23 billion to $570.74 bn
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 20 (ANI): India's foreign exchange (forex) reserves fell by $2.238 billion to $570.74 billion for the week ended August 12, the Reserve Bank of India (RBI) data showed.
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US Treasury official to visit India to discuss energy, food security
Updated : 3 years, 11 months ago IST
Washington [US], August 20 (ANI): US Treasury Deputy Secretary Wally Adeyemo is set to visit India from August 24-26 to underscore bilateral economic and security ties, the Treasury Department said on Friday.
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Inflation remains unacceptably and uncomfortably high: RBI Governor at MPC
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 19 (ANI): Though inflation has moderated and plateaued since its recent peak of April 2022, it remains unacceptably and uncomfortably high, Reserve Bank of India (RBI) Governor Shaktikanta Das said in his intervention during the Monetary Policy Committee
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SBI sells KSK Mahanadi Power NPA loan account to Aditya Birla ARC
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 19 (ANI): State Bank of India, the country's largest lender, on Friday said it has sold its non-performing asset loan account of KSK Mahanadi Power Company to Aditya Birla ARC Ltd for Rs 1,622 crore.
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Gradual approach to bank privatisation would result in better outcomes: RB
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 19 (ANI): The Reserve Bank of India (RBI) on Friday issued a clarification on a report related to privatisation of public sector banks, as published in August 2022 issue of the RBI Bulletin, saying it does not represent the central bank's views.
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