Search For "reserve bank of india"
RBI directs review of unfair interest practices by financial institutions
Updated : 2 years, 2 months ago IST
According to RBI, the directive, effective immediately, aims to address concerns over certain unfair practices observed during RBI's onsite examination of regulated entities (REs) for the period ended March 31, 2023.
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RBI cancels registration certificate of Acemoney (India) Ltd due to irregu
Updated : 2 years, 2 months ago IST
The decision to revoke the CoR was made in light of the company's violations of RBI guidelines on risk management and code of conduct in outsourcing financial services, particularly in its digital lending operations conducted through various third-party apps.
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RBI initiates transition plan: Small finance banks to ascend to universal
Updated : 2 years, 2 months ago IST
According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eligibility criteria. Firstly, they must maintain a satisfactory track record of performance for a minimum of five years.
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RBI lays out criteria for conversion of Small Finance Banks to Universal B
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) has set out certain provisions fulfilling which Small Finance Banks (SFBs) can voluntarily convert themselves into Universal Banks.
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RBI announces auction sale of Govt. securities of Rs 32,000 crore
Updated : 2 years, 2 months ago IST
The Reserve Bank of India has announced the auction for the sale of Government Securities worth Rs 32,000 crore. The auction is scheduled to take place on Friday and it aims to facilitate the sale (re-issue) of Government Securities through a multiple price-based method.
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RBI cautions public against using unauthorised prepaid payment entities
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) cautioned the public against using websites or applications, and parting with their money to any unauthorized entity.
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RBI cautions public against using unauthorised prepaid payment entities
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) has urged the public to exercise utmost caution while using websites or applications, and parting with their money to any such unauthorized entity.
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RBI directs banks for greater vigilance on forex trading and report unauth
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) has issued a directive to banks regarding instances of unauthorized forex trading activities by certain entities.
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RBI deputy governor T Rabi Sankar's term extended by a year
Updated : 2 years, 2 months ago IST
The central government has re-appointed T Rabi Sankar as Deputy Governor, Reserve Bank of India, for one year with effect from May 03, 2024.
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RBI bars Kotak Mahindra Bank from onboarding new online customers, issuing
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank to cease onboarding new customers through its online and mobile banking channels, and issuing fresh credit cards.
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PayU Receives RBI's In-Principle Approval to Operate as a Payment Aggregat
Updated : 2 years, 2 months ago IST
New Delhi [India], April 24: PayU, one of India's leading digital financial services providers, today announced that it has received the in-principle authorisation from the Reserve Bank of India (RBI) with regard to its online payments aggregation (PA) business.
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India must annually grow 8-10% to achieve its developmental goals: RBI
Updated : 2 years, 2 months ago IST
To achieve its developmental goals over the next three decades, the Indian economy must grow at a rate of 8-10 per annum over the next decade to reap the demographic dividend that started accruing from 2018 and, as calculations show, will last till 2055, according to an article in the Reserv
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