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  Bank forcibly withdraws money from customer account to settle credit card bills

  Business | October 28, 2021 12:19 IST

  The bank has not provided any statement of transactions and cash memo which is actually signed by the bank customer or any document which proves that the credit card was requested or used.

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  RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

  Business | April 27, 2021 12:02 IST

  The Reserve Bank of India on Tuesday issued guidelines for the appointment of statutory auditors of banks and non-banking finance companies (NBFCs), including housing finance companies.  

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  RBI issues guidelines for self-regulatory organisation for payment system operators

  Business | October 22, 2020 22:22 IST

  The Reserve Bank on Thursday issued final guidelines, including the framework, to set up a self-regulatory organisation for payment system operators as part of its payment and settlement systems vision. The framework will enable the central bank to recognise a self-regulatory organisation (SRO) for payment system operators (PSOs). 

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  RBI to consider 'on tap' licensing for small finance banks in August

  Business | June 06, 2019 14:13 IST

  On tap licensing will enable entities to approach the central bank for obtaining licences for small finance banks on meeting laid-down criteria. Eligible entities would not have to wait for licences as it would be available on-demand basis.

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  RBI to issue guidelines on regulatory sandbox in next two months: Shaktikanta Das

  Business | March 25, 2019 13:55 IST

  Observing that FinTech has the potential to reshape the financial services and financial inclusion landscape in India in fundamental ways, he said, it can reduce costs and improve access and quality of financial services.

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  After rate cut, RBI asks banks to review lending rate quarterly

  January 20, 2015 8:04 IST

  Mumbai: Following its interest rate cut last week after nearly two years, the Reserve Bank of India (RBI) on Monday asked banks to notify the base, or minimum, lending rate at least once every three

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  New ATM charges come into force in six metros

  November 02, 2014 8:14 IST

  New Delhi: Using ATMs to withdraw money or for other purposes like balance enquiry beyond five times in a month will attract a charge of Rs 20 per transaction.As per the Reserve Bank's new guidelines

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  HSBC evasive on going wholly-owned subsidiary way

  November 17, 2013 17:47 IST

  Mumbai: HSBC India has sounded evasive about converting itself into a locally incorporated entity, saying that changing the holding structure will not have a bearing on its broader strategy of doing business in the country.