Utility bills valid address proof to open account: RBI
Utility bills such as bills for postpaid mobile service, piped gas and water supply are vaild as proof of address…
13 JUN 2015
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Banks can now take control of distressed firms
The Reserve Bank of India has notified that banks can convert existing debt into equity resulting in 51% or more…
09 JUN 2015
RBI cuts repo rate by 25 basis points; EMIs likely to dip
In a widely expected move, the Reserve Bank of India has slashed the policy interest rate or the repo rate…
02 JUN 2015
RBI issues draft guidelines on net stable funding ratio
The Reserve Bank of India (RBI) has released draft guidelines for implementation of net stable funding ratio (NSFR) under Basel…
01 JUN 2015
Bank of China to open first Indian branch in Mumbai
Mumbai will very soon witness first Indian branch of the Bank of China. The security clearance has already been given…
25 MAY 2015
Small & payment banks may get RBI licences by year-end
The Reserve Bank is expecting to issue small and payment banks licences by year-end, central bank Deputy Governor SS Mundra…
25 MAY 2015
RBI plans IT wing to tackle cyber threats
The Reserve Bank is planning to set up an information technology wing to deal with cyber threats. “We have to…
18 MAY 2015
Second-factor authentication not needed for small transactions: RBI
The Reserve Bank of India reportedly said that banks can allow contactless card transactions upto Rs 2,000 without PIN authentication.…
16 MAY 2015
PMO to review steps to check loan frauds
The Prime Minister’s Office (PMO) has called a meeting of Finance Ministry officials on Thursday to review steps to tackle…
11 MAY 2015
Jaitley moves amendments to delete PDMA provisions in finance bill
Finance minister Arun Jaitley moved amendments to the finance bill 2015, deleting the provision on setting up an independent public…
30 APR 2015
