"The report envisions a financial ecosystem where encouraging...
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Banks to clear cheques within few hours from Oct 4: RBI
To improve the efficiency of cheque clearing and reduce settlement...
Mule Account Menace: Lucknow’s local youths fall prey to global cyber fraud network
The funds come from a range of cybercrimes in India: online...
Global investors and businesses have to factor terror risk into their decision making: FM
`Businesses can no longer be just attracted by policies or by the openness of an economy. The risk that the investors and businesses will have to factor into their decision-making is going to be strongly influenced by the impact of global terror,’’ Nirmala...
EU banks told to review clients in historic ESG crackdown
Global banking and financial stability organizations are all reviewing reporting and capital frameworks, though none has moved as fast as the EU in setting firm requirements. The Basel Committee on Banking Supervision expects to publish a proposed framework for...
Jio Financial set to launch suite of loan products in billionaire Ambani’s finance push
The company's insurance broking arm has also partnered with 24 insurance companies, while its payments bank division, which relaunched savings account and bill payment services, plans to launch debit cards Bengaluru: India's Jio Financial Services JFS plans to launch...
RBI slaps Rs 5.39 crore penalty on Paytm PB for violating series of norms
The central bank also found non-compliance with certain provisions related to 'RBI Guidelines for Licensing of Payments Banks', 'Cyber security framework in banks' and 'Securing mobile banking applications including UPI ecosystem' Mumbai: The Reserve Bank of India on...
RBI bars Bank of Baroda from more customers on bob World app
"This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application. Any further onboarding of customers of the bank on the 'bob World' application will be subject to rectification of the...
RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%
Shaktikanta Das,Governor,RBI Das said taking into account the economic factors the MPC has predicted GDP growth at 6.5 per cent in FY24 As regards the inflation rate, the MPC forecast was 5.4 per cent for 2023-24 taking into account the various domestic issues...
With mobile handheld devices, SBI takes banking to doorsteps
Bank also plans to include services such as enrolments under social security schemes, account opening, remittance and card-based services under this facility shortly State Bank of India on Wednesday introduced banking through mobile handheld devices for its customers...
RBI brings 30 banks on UDGAM portal to help search for unclaimed deposits
The UDGAM portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place Mumbai: The Reserve Bank of India (RBI) has brought 30 banks on board its...
India becomes 4th-highest funded fintech startup ecosystem globally
The sector witnessed significant growth in specific segments with alternative lending, banking tech and RegTech emerging as top performers in the first half this year Bengaluru: India’s fintech sector saw a 68 per cent surge in funding in the July-September period...
After NCLT snub, Torrent Investment once again knocks SC’s doors
In a fresh Letter of Urgency, Torrent Investment has stated that during the pendency of its appeals before the SC, the Committee of Creditors (COC) of Reliance Capital have not only conducted the second round of auction, but approved the resolution plan of IIHL and...