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Be cautious about illegal prepaid payment instruments: RBI alerts

Be cautious about illegal prepaid payment instruments: RBI alerts

The RBI has alerted customers about a Gurgaon-based company, TalkCharge, issuing Prepaid Payment Instruments (Wallets) through its website and app without obtaining the required authorization from the RBI.

26 April 2024 11:15 AM IST

RBI places restrictions on Kotak Mahindra Bank over IT infrastructure...

24 April 2024 10:53 PM IST

RBI deputy governor T Rabi Sankar's term extended by one year

He has also contributed as an IMF Consultant from 2005 to 2011.

24 April 2024 10:36 PM IST

Climate change presents monetary policy challenges, says RBI

Climate change directly affects inflation by disrupting agricultural production and global supply chains through adverse...

8 April 2024 11:11 PM IST

India can sustain high economic growth, says RBI bulletin

India has seen robust GDP growth averaging above 8% over the period 2021-24 despite the global economy witnessing a...

19 March 2024 9:02 PM IST

Paytm Payments Bank faces Rs 5.49 crore fine for money laundering violations

The RBI clarified that after March 15, no further deposits, credit transactions, top-ups, or recharging of FASTags...

1 March 2024 8:46 PM IST

Paytm & its payments bank agree to discontinue agreements

Paytm & its payments bank agree to discontinue agreements

Bengaluru: The digital payment service in India, Paytm, said on Friday that it has agreed with its payment bank unit to...

1 March 2024 9:59 AM IST

RBI fines State Bank of India and Canara Bank for regulatory breaches

The RBI highlighted significant discrepancies between reported and assessed non-performing assets.

26 Feb 2024 10:52 PM IST

RBI asks payments authority to examine Paytms TRAP plea

RBI asks payments authority to examine Paytm's TRAP plea

If the request by Paytm is approved, the app could continue processing payments via UPI- unified payments interface

23 Feb 2024 6:14 PM IST

RBI grants Paytm Payments Bank extension until March 15 to cease fresh deposits

RBI has instructed the bank to ensure that customers can withdraw or utilise the balance amount in their accounts even...

17 Feb 2024 5:17 PM IST

Paytm initiates advisory committee on regulatory affairs amidst RBI directives

The directive was rooted in concerns of "persistent non-compliance" observed by the central bank.

9 Feb 2024 9:43 PM IST

RBI restrictions on Paytm Payments Bank due to repeated non-compliance

RBI restrictions on Paytm Payments Bank due to repeated non-compliance

The RBI last week ordered Paytm Payments Bank to halt taking new deposits in its accounts or popular digital wallets...

8 Feb 2024 7:07 PM IST

Non-compliance with norms: RBI imposes Rs 8.8L penalty on PFC

Non-compliance with norms: RBI imposes Rs 8.8L penalty on PFC

Mumbai: The Reserve Bank of India imposed a ban a penalty of Rs 8.8 lakh on Power Finance Corporation (PFC) Limited on...

6 Feb 2024 8:35 PM IST

RBI prohibits Paytm Payments Bank from offering services after Feb 29

RBI prohibits Paytm Payments Bank from offering services after Feb 29

The RBI's ruling noted "persistent non-compliance and continued material supervisory concerns in the bank" that were...

31 Jan 2024 6:59 PM IST

RBI rolls out regulations on UPI payments; effective from Jan 1

New regulations intend to enhance scope of the payment system

1 Jan 2024 2:23 PM IST

Rs 2,000 notes worth 9,760 crore yet to be returned, says RBI

The central bank clarified that 97.26% of the high-value currency notes prevalent as of May 19, 2023, have since been...

1 Dec 2023 2:55 PM IST