Sat, Jan 27, 2024
Bank Holidays List February 2024: If you have any bank-related work in the month of February, then complete it on time because banks will be operational only for 18 days in the month. In this month, banks will remain closed for a total of 11 days including festivals, birth anniversary and Saturday-Sunday.
More >
Thu, Jan 25, 2024
"We wish to inform that ZPPL has been granted a certificate of authorisation dated January 24, 2024, from the RBI to operate as an 'Online Payment Aggregator' in India with effect from January 24, 2024, as per the guidelines issued by the RBI," Zomato said in an exchange filing.
Tue, Jan 02, 2024
The central bank called for steps to trace the customers of inoperative accounts or unclaimed deposits including their nominees or legal heirs for re-activation of accounts, settlement of claims or closure.
Fri, Dec 29, 2023
From the implementation of the T+1 settlement to the first initial public offering (IPO) from the Tata Group stable after almost two decades, here is a quick recap of the wholesome year.
Thu, Dec 21, 2023
The company said in an exchange filing on Thursday that the value of investments by Piramal Enterprises and Piramal Capital and Housing Finance in AIF units was Rs 3,817 crore as of November 30.
Wed, Dec 20, 2023
The IMF, following the Article IV consultation with the Indian authorities, reclassified the status of the exchange rate regime to "stabilised arrangement" from "floating" for period between December 2022 to October 2023.
Fri, Dec 15, 2023
India's foreign currency assets, the biggest component of the forex reserves, rose $ 3.089 billion to $ 536.699 billion, the central bank's weekly statistical data showed. Gold reserves during the week, however, declined by $ 199 million to $ 47.130 billion.
Fri, Dec 08, 2023
Along with this, the governor made many major announcements, including the setting up of cloud facilities for the financial sector and a fintech repository.
Fri, Nov 17, 2023
RBI tightens rules on personal loans: As of 11:43 a.m., Nifty Bank was down 1.02 per cent at 43,710.6, and the S&P BSE Bankex was down 1.10 per cent at 49,363.37 levels.
Wed, Nov 08, 2023
These directions incorporate, consolidate and update the guidelines, instructions and circulars on IT Governance issued earlier and will come into effect from April 1, 2024.
Tue, Oct 31, 2023
Currently, all Payment Aggregators (PAs), which facilitate processing of domestic transactions in online mode, are covered within the scope of RBI regulations.
Wed, Oct 18, 2023
RBI has asked banks and non-banking financial companies to adopt a risk-based approach regarding KYC (Know Your Customer) updates from time to time.
Tue, Oct 17, 2023
The Reserve Bank on Tuesday said it has imposed a penalty or Rs 12.19 crore on ICICI Bank and Rs 3.95 crore on Kotak Mahindra Bank for non-compliance of certain regulatory norms.
Wed, Oct 11, 2023
The Reserve Bank of India (RBI) had received complaints from Bank of Baroda customers that some of the bank employees were using the wrong mobile numbers to meet their target of adding new customers.
Fri, Oct 06, 2023
Last seen, all the sectoral indices edged higher, where Nifty Consumer Durables was up 0.33 per cent, Nifty Bank was up 0.23 per cent, Nifty Financial Services was up 0.42 per cent and Nifty Realty was up 0.75 per cent.
Tue, Sep 26, 2023
Repo rate is the rate at which the RBI lends to banks and a hike will make the banks to increase their lending rates to their borrowers.
Mon, Sep 25, 2023
Reserve Bank Governor Shaktikanta Das on Monday said the central bank has noticed "excessive dominance" by one or two board members even in "big commercial banks" and asked the lenders to desist from such practices.
Addressing directors of UCBs in the financial capital at an RBI-organised conference, Das urged that such lenders should improve the governance standards, avoid related-party transactions and focus on credit risks, among others.
Tue, Aug 22, 2023
Its recommendations on foreign trade include recovery of foreign bank charges from export proceeds, and liberalizing pre-shipment credit in foreign currency (PCFC).
Fri, Aug 18, 2023
These guidelines are applicable to all commercial banks, including Small Finance Banks, Local Area Banks, and Regional Rural Banks, as well as Primary (Urban) Co-operative Banks, Non-Banking Financial Companies (NBFCs), and All India Financial Institutions.
The banks and other lending institutions will not be allowed to levy penal interest with effect from January 1, 2024, the RBI said in its notification on 'Fair Lending Practice-Penal Charges in Loan Accounts'.
Wed, Aug 16, 2023
“As we now expect inflation to track at 6 per cent in QE December23, we delay the start of the easing cycle to 2Q24 from 1Q24. We maintain our expectation of two rate cuts of 25bps each.
Thu, Aug 10, 2023
The only significant change in the numbers were the Consumer Price Index (CPI) rate was revised from 5.1 per cent to 5.4 for the financial year 2023-24.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
![RBI bars banks from levying penal interest, allows them to impose "reasonable" penal charges](http://50342.g72ip.group/sites/default/files/styles/zeebiz_160x90/public/2023/08/18/256713-rbi-12.jpg?itok=IiCB_Mxr&c=d1c8140950a55101e46754e4c8e7f74a "RBI bars banks from levying penal interest, allows them to impose "reasonable" penal charges")
