Mumbai (Maharashtra) [India], June 6: The Award recognizes literary works in Indian languages & the translation of these into Hindi, and will be presented to both the original author and the translator.
Deputy Governor at the Reserve Bank of India, Rajeshwar Rao, said time is right to address the gaps in governance frameworks in banks as the overall banking sector in India at the moment is sound, resilient, and financially healthy.
The Central Bank has asked all other banks to collect the citizens' worn-out notes in denominations of ten and 20 without charging a fee, and the bank said it would exchange them for new banknotes.
As India is rapidly adopting UPI-based payments, Paytm Payments Bank, an Indian homegrown company, has been at the forefront of leading this revolution in the banking space.
New Delhi [India], June 2: Max Life Insurance Co. Ltd. and Axis Bank, one of India's largest private sector banks, celebrate the completion of thirteen years of Bancassurance partnership which has protected the financial future of its customers with a comprehensive suite of life insurance so
Mumbai (Maharashtra) [India], May 31: Small Finance Banks, such as AU Small Finance Bank, are emerging as powerful agents of change, revolutionizing banking services in rural and semi-urban areas. By prioritizing increased access to banking services, designing tailored products and services,
These remarks were made by RBI deputy governor Jain at the Conference of Directors of Banks, organised by the RBI for public sector banks on May 22 in New Delhi. He also addressed private sector banks on May 29 in Mumbai.
The Reserve Bank of India has come across gaps in corporate governance for certain banks and such gaps have the potential to cause volatility in the overall banking sector, said its governor Shaktikanta Das.
While conveying RBI's expectations from the boards of directors of banks and explaining the multi-dimensional responsibility of individual directors, the RBI Governor said, "It is the responsibility of the Board to ensure that policies are in place to identify potential conflicts of interest
Acknowledging the key role played by the banks, the RBI Governor said, "Over the years and especially in the recent period, banks have been able to maintain financial and operational resilience in the face of extreme stress originating from the COVID-19 pandemic, the continuing war in Europe
According to the statement from TRAI, any commercial communication through SMS is subjected to scrubbing against the content template registered by PEs with access service provider and, if it fails, then such SMS is not allowed to be delivered to the consumers.