Borrowers don’t have to be told individually about change in rates: Consumer court
The national consumer court has ruled that banks are not required to inform each borrower individually about any automatic change ...
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Tag: rbi
RBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervision
The Reserve Bank has shortlisted seven global consultancy firms, including Pricewaterhouse Coopers, McKinsey and Boston Consulting Group (India), to use ...
Read moreBanks follow RBI’s signal; hike lending rates
Hours after RBI's move to increase repo rate by 35 basis points, a number of lenders, including Bank of India ...
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UPI payment limit: This is the daily amount one can spend using GPay, PhonePe, and Paytm
Amazon Pay has also set a Rs 1,000,000 maximum money transfer limit via UPI. Notably, users can only transact up ...
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Banks should not ask for verification at branch level if customer does e-KYC, says RBI
India's Reserve Bank on Wednesday directed banks to not ask their customers for a physical verification at the branch, if ...
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Govt to allow foreign funds to own over 51% in IDBI Bank
The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI ...
Read moreRBI response sought on PIL seeking uniform banking code for forex transactions
The Delhi High Court on Monday sought the response from the Reserve Bank of India on a public interest litigation ...
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Banks have ceded UPI space to nonbanking sector: RBI Dy Guv
Banks have ceded the unified payments interface space to non-banks, Reserve Bank of India deputy governor T Rabi Sankar has ...
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RBI cautions banks against frauds in accounts linked to direct benefit transfer
he Reserve Bank of India (RBI) has cautioned banks against increasing instances of fraud in accounts linked to the government's ...
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Share of loans to industry sector in bank credit declines to 25 per cent
With increase in borrowings by the manufacturing firms, the share of loans to the industry sector in bank credit has ...
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