Thu, May 16, 2024
RBI stressed the need to invest in Early Warning Systems, Stress Testing capabilities and Vulnerability Assessments, Monitoring of Cyber Key Risk Indicators.
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Fri, May 10, 2024
VP Nandakumar, managing director & CEO of the company, said, “Our highly popular product -- Online Gold Loan, that forms 50% of our gold loan book, follows a fully paperless process of application and disbursement. Even for the loans originating at branches, most of our customers prefer direct transfers. Moreover, our employees are trained to convince customers about the same as it promotes smooth operations."
Tue, May 07, 2024
The new rules of RBI will not have any significant impact on the company... The draft guidelines will not have any impact on the company's profits... The company will grow by 15-20% in the next 5 years.. The company will soon be NPA free: Vivek Kumar Devangan, CMD, REC
Wed, Mar 27, 2019
Generally, banks are expected to remain closed on March 31 every year, but RBI has sent a notification.
Tue, Mar 26, 2019
The new Rs 2000 note has motif of the Mangalyaan on the reverse, depicting the country's first venture into interplanetary space.
The RBI has slapped a penalty of Rs 2 crore on Punjab National Bank (PNB) for non-compliance of regulatory directions with regard to SWIFT operations, the state-run lender said Tuesday.
The DFS was also asked to provide details on composition of search committee to short-list candidates and copy of minutes of meetings held on deciding the RBI Governor.
The Reserve Bank of India (RBI) is all set to release a new set of Rs 100 currency notes signed by Governor Shaktikanta Das.
Mon, Mar 25, 2019
He also said that the RBI has encouraged banks to explore the possibility of establishing new alliances with FinTech firms as it could be pivotal in accelerating the agenda of financial inclusion through innovation.
A sandbox approach means experimenting and learning before finally adopting a technology or system.
Sat, Mar 23, 2019
A fraud amounting to Rs 13.26 crore in the fund-based working capital facility extended to SRS Finance Ltd.
HDFC Bank Warning: After the Reserve Bank of India (RBI) warned banks and customers against the use of AnyDesk App, the HDFC Bank is also warning its customers about the same.
Mon, Mar 18, 2019
Are you planning to transfer your home, car loan balance? You should wait till April 1 as, after that date, the interest rates applicable on home and auto loans may change in accordance with the RBI guidelines.
Fri, Mar 15, 2019
The guidelines have become effective Friday. These directions, the RBI added, would exclude transactions executed through the recognised stock exchanges.
Wed, Mar 13, 2019
The lavender coloured notes were unveiled last year in July under the Mahatma Gandhi New Series.
Tue, Mar 12, 2019
The Bombay High Court will take up for hearing the writ petition by private sector lender Kotak Mahindra Bank on the issue of promoter-shareholding norms by the Reserve Bank of India
The SBI had caused a raised eyebrow when it linked deposit, loan interest to RBI`s repo rates voluntarily. While the RBI guidance was to pass on the benefit of falling interest rates to borrowers by linking lending rate to an external benchmark, SBI also linked its savings bank rates (over a limit of Rs 1 lakh) to the external benchmark.
Mon, Mar 11, 2019
The researchers have also developed the code for a smartphone application to detecting counterfeit currency.
Fri, Mar 08, 2019
An overwhelming majority of economists polled predicted inflation would average below 3 percent, with forecasts ranging from 2.15 percent to 3.20 percent.
Thu, Mar 07, 2019
SWIFT is a universal system through which one can get money from one part of the world to another.
Thu, Feb 28, 2019
The committee recommended the steps for relating to standardisation of storage facilities in currency chests. RBI has examined the recommendations and have asked banks to implement them.
Wed, Feb 27, 2019
The financial sector does not use facial recognition technologies anywhere in the world to check customer credentials and also to meet basic KYC norms.
The RBI further it has also been decided to take Dhanlaxmi Bank out of the PCA Framework, subject to certain conditions and continuous monitoring, as the bank is found to be not breaching any of the Risk Thresholds of the PCA Framework.
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