Paytm Postpaid service-disabled: Paytm, India's one of largest e-commerce payment system and digital wallet company has shut down one of its postpaid services-- Paytm Postpaid. However, Paytm has not yet issued any official statement in this regard.
"IRDA, SEBI and PFRDA too could help the development of interest rate markets. For instance, short selling activity could benefit if a wider pool of securities lenders can be developed.
RBI counsel Venkatesh Dhond told a division bench of Chief Justice Pradeep Nandrajog and Justice Bharati Dangre that a Beta version of the app would be released on November 1.
Bank holidays in September 2019: All public and private sector banks in India remain closed on national holidays like--Independence Day, Christmas Day. However, the public holidays may differ from one bank to another or even from one state to another. In fact, there are state-wise bank holidays also. List of bank holidays given by RBI in September 2019: Here’s a complete list.
The move to branch out to the popular platforms, which are used by the younger demography, is part of a "360-degree mass media awareness programmes" to be undertaken, the central bank said.
Former Congress President Rahul Gandhi said in a tweet: "PM and FM are clueless about how to solve their self created economic disaster. Stealing from RBI wont work - it's like stealing a Band-Aid from the dispensary and sticking it on a gunshot wound."
The RBI Board meeting on Monday to finalise its annual accounts, is also likely to take up the Bimal Jalan panel's recommendations on Economic Capital Framework (ECF) along with the dividend payment to the government, sources said.
The Reserve Bank of India had raised quite a few eyebrows when it announced an unconventional 35 basis points rate cut during its bi-monthly policy meet earlier this month.
If you are a Debit card or Credit card user and go to a bank ATM for cash transaction then there is good news for you from Reserve Bank of India (RBI). As per RBI's latest notification if you visit bank ATM and there is no cash in it, then your bank cannot count this transaction in the free transaction limit that it has set.
The Reserve Bank of India (RBI) on Wednesday clarified that those transactions which fail on account of technical and other specified reasons shall not be included in the 'five free monthly ATM transactions'. "It has come to our notice that transactions that have failed due to technical reasons, non-availability of currency in ATMs etc. are also included in the number of free ATM transactions," the RBI said in a notification.
A law which allowed the Reserve Bank of India (RBI) to circulate Rs 1000 denomination notes in the late 1990s, to tide over the shortage of currency has been scrapped. On Friday, Parliament passed a bill to repeal 58 laws from the statute books. The High Denomination Bank Notes (Demonetisation) Amendment Act, 1998 is one of 58 "redundant" laws repealed last week.
The industry also expects the six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das to take steps to improve liquidity situation and also ensure the transmission of rate (repo) cuts to borrowers by the banks.
The Reserve Bank of India is soon launching news banknotes of denomination of Rupees 20. Arrangement for it has already been made and banks will soon start issuing news Rs 20 note.
Online banking has reduced customers tensions for basic transactions and allow individuals to conduct financial transactions on a finger tip via the Internet. However, along with a bunch of ease, online banking comes with risk and fraud threat. Here are 7 online banking tips you must follow to avoid fraud
HDFC Bank has issued a warning for all online banking users. According to HDFC bank alert, fraudsters are stealing money from users’ bank accounts via UPI. Hackers take the remote access of users' mobile phones through a remote device control app called AnyDesk, according to HDFC alert.
Mumbai, July 4 (IANS) Former Reserve Bank of India Governor Urjit Patel has warned against the temptation to deploy public sector banks to kick-start growth via mass-scale lending without proper regulations, as it has the potential to flare up the non-performing asset (NPA) situation again.
Banks have reported a massive 73 percent increase in incidents of fraud worth Rs 71,543 crore in FY19, a senior Reserve Bank official said Thursday. Till March 2019, the top five, 10 and 100 cases of frauds cumulatively reported constituted 24 percent, 34 percent and 70 percent of all frauds, respectively, a chief general manager with the RBI Jayant Dash said.
The Reserve Bank of India (RBI) on Wednesday issued Rupee Interest Rate Derivatives (Reserve Bank) Directions consolidating and simplifying all previous regulations with a view to protect small and retail participants.
RBI Deputy Governor Viral Acharya, who was in-charge of the monetary policy department, has resigned six months before the scheduled end of his term, sources said Monday.
The report attributed its forecast of higher haircut to the fact that the stressed assets which may come up for insolvency are smaller in size and valuation.
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