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NEWS
RBI MPC Minutes: Price stability to set foundation of high growth, food inflation risk elevated
Sat, Apr 20, 2024     Source : Mint
The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting on Friday, April 19,
NEWS
RBI imposes Rs 60.3 lakh penalty on five co-operative banks
Fri, Apr 19, 2024     Source : Economic Times
The Reserve Bank has imposed penalties totalling Rs 60.3 lakh on five co-operative banks for contravention of various regulatory norms.
NEWS
RBI mandates offline payment aggregators to verify KYC for merchants
Thu, Apr 18, 2024     Source : Business Standard
Payment aggregators will need to conduct Contact Point Verification and verify the bank account where funds of small merchants are settled
NEWS
Regulated entities bound by terms of loan share as 'key facts statement': RBI
Tue, Apr 16, 2024     Source : Economic Times
The Reserve Bank of India (RBI) said on Monday that regulated entities will be bound by the terms of the loan indicated in the Key Fact Statement (KFS) if the borrower agrees to them.
NEWS
RBI to bring POS players under license regime
Mon, Apr 15, 2024     Source : Business Line
Move is expected to impact players such as Pine Labs, MSwipe, Paytm and BharatPe
NEWS
RBI rejects two applications for small finance bank
Sat, Apr 13, 2024     Source : Economic Times
The Reserve Bank of India has rejected two more applications, including that of Dvara Kshetriya Gramin Financial Services, for setting up small finance banks.
NEWS
Another bank in crisis: RBI stops customers from withdrawing money
Fri, Apr 12, 2024     Source : Economic Times
Customers of Shirpur Merchants' Co-operative Bank in Maharashtra cannot withdraw money from their accounts now after the latest direction of the Reserve Bank of India (RBI).
NEWS
Bandhan Bank effect: RBI declines Annapurna Finance’s universal bank request
Fri, Apr 12, 2024     Source : Business Line
The regulator offered Annapurna Finance the option to become a small finance bank, which the company has reportedly declined
MUTUAL FUNDS NEWS
Money in your PhonePe, Paytm wallet? You can now use it to pay on any UPI app
Thu, Apr 11, 2024     Source : Mint
While the Unified Payments Interface (UPI) has become a part of our everyday life, there's one limitation that hinders the user experience -- not being able to use the money in your online wallet to make U...
NEWS
RBI may issue guidance on SFB upgradation to universal banks
Mon, Apr 08, 2024     Source : Business Line
At least four small finance banks have indicated interest to become universal banks but haven’t budged due to regulatory logjam
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