RBI imposes ₹30 lakh penalty on MUFG Bank
RBI highlighted that its action is based on the deficiencies in regulatory compliance.
Reserve bank of India
Stay updated with the latest news and articles about Reserve bank of India.
Latest Articles
RBI refines standards for upgrading accounts classified under NPAs
The RBI has said the lenders have to follow these instructions by December 31, 2021, as new loans are affected, but in the case of enduring loans, these directions should be followed as and when such loans become due for renewal/review.
RBI announces scale-based regulations for NBFCs, Check details here
As per the announcement made by the RBI, the new SBR framework will take under its wing different aspects of regulations for NBFCs, covering characteristics such as capital requirements, governance standards and prudential regulations, among others.
RBI announces average base rate of NBFC-MFIs for the fourth quarter
The base interest rate to be charged to the borrowers has been set to 7.95 per cent for the fourth quarter, down 0.2 per cent from the last quarter.
Indian Overseas Bank shares hit 20% upper circuit after RBI lifts PCA framework
Shares of Indian Overseas Bank were locked in 20 per cent upper circuit at Rs 24.60 on Thursday as the Reserve Bank of India (RBI) has removed the lender from the PCA (prompt corrective action) framework.
RBI collaborates with the Monetary Authority of Singapore (MAS) to link its UPI portal with PayNow for instant money transfer
PayNow is the digital peer-to-peer money transfer service that is specially built for retail customers by contributing to Singapore's banks and non-bank financial institutions (NFIs).
RBI restricts American Express and Diners Club from on-boarding new customers from 1 May
Reserve Bank of India (RBI) has imposed the restrictions on American Express Banking Corp and Diners Club International by an order dated April 23, 2021.
Check how to withdraw money from mobile wallets at ATM!
RBI’s recent move will ultimately bring the wallets on par with the bank accounts without any account number.
Private, govt banks to remain closed on these days in April 2021; Check out full list of holidays here!
Only two working days between March 27, and April 4, on account of the Second Saturday, Sunday, and Holi festival all over India.
Showing 90 of 103 articles