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RBI allows non-bank PSPs to participate in centralised payment systems –...

MUMBAI: The Reserve Bank of India (RBI) on Wednesday allowed authorised non-bank payment system providers (PSPs) to participate in centralised payment systems (CPS),...

RBI imposes Rs 5-crore penalty on Axis Bank – Quickenews

MUMBAI: The Reserve Bank of India (RBI) on Tuesday said it has imposed a penalty of Rs 5 crore on Axis Bank for...

Unclaimed funds with banks, insurance cos near Rs 50,000 crore –...

NEW DELHI: Funds lying unclaimed with banks and insurance companies are nearing the Rs 50,000-crore mark, with an estimated addition of Rs 5,977...

RBI Update: Salary, pension, EMI payment rules to change from August...

Come August 1,  bank customers will see several changes in important banking transactions like salary, pension and EMI payments. The Reserve Bank of...

Bank Holidays July 2021: Banks to remain closed for THESE 3...

The month of July will come to an end soon and according to the Reserve Bank of India’s (RBI’s) mandate, only three more...

SBI Cards Q1 profit shrinks 22% to Rs 305 cr due...

New Delhi: SBI Cards and Payment Services Ltd (SBI Card) on Friday reported a 22 per cent decline in net profit to Rs...

India’s own digital currency in the offing, RBI working on phased...

New Delhi: The Reserve Bank of India is working on phased introduction of its own digital currency. RBI Deputy Governor T Rabi Sankar...

It’s time for digital currency to counter crypto, says RBI –...

MUMBAI: The Reserve Bank of India (RBI) has said that it is working towards a phased implementation strategy for its digital currency and...

Contemplating pilot launch of digital currency in near future: RBI Deputy...

New Delhi: The Reserve Bank is working on a phased implementation strategy for its own digital currency and is in the process of...

ATM rules 2021: Cash withdrawal, transaction charges to change soon

New Delhi: The Reserve Bank of India had recently announced a couple of changes in the ATM rules. While these rules are in...

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