DNA: RBI Guidelines for Loan Recovery
Central Bank RBI has warned the banks and financial institutions that are cheating the customers in different ways and asked them to refund the interest and other charges wrongly collected from the
Apr 30, 2024, 22:34 PM IST
RBI Issues Draft Rules For Web Aggregators Of Loan Products
The RBI specifies that the digital view should include essential details such as the name of the bank or NBFC extending the loan.
Apr 27, 2024, 09:14 AM IST
HDFC Bank Advises Customers To Avoid Using NEFT Money Transfer Method On April 1: Check Details
To transfer money HDFC Bank customers can utilize alternative transaction methods like Immediate Payment Service (IMPS), Real Time Gross Settlement (RTGS), and Unified Payments Interface (UPI).
Apr 01, 2024, 13:22 PM IST
RBI New Rules On EMI-Based Personal Loan: What You Need to Know And How It Could Affect Your Household Budget
RBI ordered all regulated entities to implement the guidelines by December 31, 2023 and inform all existing customers/borrowers about the reset option of floating interest rate for EMI available to them.
Aug 20, 2023, 18:48 PM IST
DNA: Now pay through UPI even in zero balance
RBI has issued a new guideline for crores of people using UPI. According to the new guideline of RBI, now you will be able to pay through UPI even on zero balance.
Apr 15, 2023, 00:14 AM IST
Amazon Prime Rs 129 monthly subscription returns back: Here’s how to avail it
Only three-month and annual plans were offered by Amazon until now. Rs 129 monthly plan of Amazon prime can be purchased through all electronic methods.
Oct 09, 2021, 13:31 PM IST
RBI issues direction on compensation of private banks' top officials
The central bank had issued guidelines on the compensation of whole-time directors/ chief executive officers/ material risk takers and control function staff in November 2019.
Aug 30, 2021, 21:04 PM IST
Now, you have to memorise 16-digit debit, credit card numbers, expiry date, CVV no: Here’s what RBI says
The new change means that customers debit cards or credit cards will have to give their 16-digit card number every time they make a transaction.
Aug 21, 2021, 16:26 PM IST
Alert! Banks to shut down for 3 days in May’s last week: Check full list here
Bank holidays are prevalent every year and customers will see that banks will be closed in many parts of the country for at least 3 days in the last week of May 2021.
May 23, 2021, 16:53 PM IST
SBI Card unveils video based customer identification feature to ensure zero contact
With social distancing being the new normal, VKYC enables a customer to undergo a completely presence-less journey, without the need to physically interact with anyone.
Jun 15, 2020, 18:45 PM IST
RBI issue guidelines on compensation for Private Bank CEOs, Whole-time Directors, Material Risk Takers
Reserve Bank of India (RBI) has issued guidelines on Compensation for Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff. The guideline will be applicable on all private sector banks, including local Area Banks, Small Finance Banks, Payments Banks, and Foreign Banks operating in India.
Nov 05, 2019, 12:34 PM IST
Banks restructure corporate loans of Rs 2.04 lakh crore in FY17
The finance minister was responding to a question seeking names of companies whose loans have been restructured and at what terms.
Aug 01, 2017, 17:39 PM IST
Gross NPA divergence at Rs 6,816 crore by Mar 2016: IDBI Bank
The Reserve Bank (RBI) had put gross bad loans on the bank's balancesheet at Rs 31,691.67 crore by 2016 March-end, which works out to a difference of Rs 6,816.60 crore.
Jul 12, 2017, 15:31 PM IST
RBI to soon come out with norms on one-time settlement for debt ridden sectors
In order to provide breather to construction sector, the Reserve Bank is likely to come out soon with detailed norms for one-time settlement of loans in line with the Cabinet decision.
Nov 02, 2016, 16:19 PM IST
RBI tweaks shareholding norms for private sector banks
The Reserve Bank has issued new guidelines on ownership in private sector banks by bundling shareholding patterns into two broad categories of individuals (natural persons) and legal entities/institutions, but retained the cap on foreign ownership at 74 percent.
May 13, 2016, 08:59 AM IST
RBI norms on corporate loan recast credit Positive for banks: Moody's
The new RBI guidelines will allow banks to acquire majority equity stakes in corporates that are unable to honour their debt commitments. And acquiring a majority stake would make it easier for the banks to install new company management.
Jun 15, 2015, 14:39 PM IST
RBI proposes tough outsourcing norms for NBFCs
The Reserve Bank proposed tough guidelines for outsourcing of work by NBFCs to ensure that their recovery agents do not resort to intimidation or harassment, either verbal or physical of borrowers.
Apr 11, 2015, 08:54 AM IST
RBI revises priority sector lending norms
RBI, RBI guidelines, priority sector lending, adjusted net bank credit, Macquarie Research
Mar 02, 2015, 19:33 PM IST
New ATM charges come into force
Every transaction beyond this threshold will be charged Rs 20 per use.
Nov 01, 2014, 20:46 PM IST
UCO Bank sends notices to Kingfisher Airlines, another firm
City-based UCO Bank has shot off notices to Vijay Mallya-owned Kingfisher Airlines and United Beverages after identifying the two firms as `wilful defaulters'.
Oct 31, 2014, 18:09 PM IST
