by AIP Online Bureau | Apr 6, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
It also proposes to bring uniformity in the BC ecosystem with respect to the payment of commission or remuneration they get. Mumbai:The Reserve Bank of India (RBI) on Monday proposed that banking correspondents should be classified into two categories based on their...
by AIP Online Bureau | Mar 27, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology
As part of its efforts to prevent fraud, the RBI is also planning to implement a uniform Domestic Legal Entity Identifier (DLEI) framework that would enable the identification of parties to a transaction. Mumbai:The Reserve Bank on Friday introduced the...
by AIP Online Bureau | Feb 26, 2026 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
A two-day workshop for executive directors and heads of fraud risk management of 60 major banks, conducted by the RBI, concluded on Wednesday Mumbai:The Reserve Bank on Thursday said that close coordination among all the stakeholders is necessary to prevent or...
by AIP Online Bureau | Feb 12, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Regulation, Risk Management
The RBI mandated banks to refund the entire sum where mis‑selling has been established and to compensate customers for any losses in line with approved policies. Mumbai: The Reserve Bank of India (RBI) has proposed a ban on incentives paid by third parties to bank...
by AIP Online Bureau | Feb 9, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
Noting that such offences may be due to either collusion by or the negligence of bank officials, the top court stressed the need for timely actions from the RBI and the banks. Issuing a slew of fresh directions, it asked the Ministry of Home Affairs to consider the...
