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Issuance of debit, credit cards: RBI issues directions

Issuance of debit, credit cards: RBI issues directions

The circular directs that card issuers shall issue cards across more than one card network and also give an option to customers to choose from any one among the multiple card networks

6 July 2023 4:26 AM

Bank unions call RBI’s compromised settlement offer for wilful defaulters detrimental

Bank unions call RBI’s compromised settlement offer for wilful...

14 Jun 2023 6:50 AM

Bulk of fake Rs 500 currency notes detected in FY23, currency in circulation rise in value, volume: RBI

Bulk of fake Rs 500 currency notes detected in FY23, currency in circulation rise in value, volume: RBI

During 2022-23, out of the total Fake Indian Currency Notes (FICNs) detected in the banking sector, 4.6 per cent were...

30 May 2023 1:31 PM

Experts say note withdrawal is to boost liquidity, ease short-term rates: What does it mean

Experts say note withdrawal is to boost liquidity, ease short-term rates: What does it mean

Market experts are of the opinion that the RBI's withdrawal of Rs 2,000 notes aims to enhance liquidity in the banking...

22 May 2023 7:24 AM

India better placed as Global economy suffer loss: RBI

India better placed as Global economy suffer loss: RBI

The annual report of the Reserve Bank of India shows that the recovery of global economy is expected to demonstrate a...

27 May 2022 11:33 AM

RBI launches UPI for feature phone users

RBI launches UPI for feature phone users

The new Unified Payments Interface (UPI) will allow India's 40 crore feature phone users to access the payment service

8 March 2022 10:33 AM

RBI rejects Keralas plea to review ban on calling co-op societies as banks

RBI rejects Kerala's plea to review ban on calling co-op societies as 'banks'

Thiruvananthapuram: Union Finance Minister Nirmala Sitharaman on Monday informed the Lok Sabha that the Reserve...

14 Dec 2021 4:59 AM

Shaktikanta Das reappointed as RBI Governor for three more years

Shaktikanta Das reappointed as RBI Governor for three more years

New Delhi: The government has reappointed Shaktikanta Das as the Reserve Bank of India's (RBI) governor for three...

29 Oct 2021 4:38 AM

RBI slaps Rs 1 crore penalty on Paytm Payments Bank

RBI slaps Rs 1 crore penalty on Paytm Payments Bank

The Reserve Bank of India (RBI), on Wednesday, announced that it has slapped a penalty of Rs 1 crore on Paytm Payments...

21 Oct 2021 7:20 AM

Non-compliance of directions: RBI slaps Rs 1cr penalty on SBI

Non-compliance of directions: RBI slaps Rs 1cr penalty on SBI

Mumbai: The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 1 crore on the country's largest...

19 Oct 2021 4:33 AM

RBI proposes to raise IMPS transaction daily limit to Rs 5 lakh

RBI proposes to raise IMPS transaction daily limit to Rs 5 lakh

In a bid to promote digital transactions, the Reserve Bank on Friday proposed to increase the per transaction limit from...

8 Oct 2021 8:42 AM

US trade official calls Indias Mastercard ban draconian: Report

US trade official calls India's Mastercard ban 'draconian': Report

A document accessed by Reuters has revealed that a senior US trade official has privately criticized India's decision to...

20 Sept 2021 9:27 AM

RBI stops payment service provider Mastercard from issuing new cards

RBI stops payment service provider 'Mastercard' from issuing new cards

New Delhi: The Reserve Bank of India has imposed an indefinite ban on payment service major 'Mastercard', restricting it...

15 July 2021 10:25 AM

ATM transactions beyond free limit to be costlier from next year

ATM transactions beyond free limit to be costlier from next year

New Delhi: The Reserve Bank of India (RBI) on Thursday permitted lenders to increase charges for cash and non-cash...

11 Jun 2021 9:20 AM