RBI bans cryptocurrencies, prohibit banks from virtual currency dealings
The Reserve Bank of India (RBI) has prohibited the banks and financial institutions from dealing with cryptocurrencies and reminded them…
06 APR 2018
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RBI to strictly monitor foreign money transfer
Wealthy individuals sending funds to abroad destinations to offshore entities for investment and other purposes will be facing tighter scrutiny…
06 APR 2018
RBI directs PSB auditors to tighten scam vigilance
In a bid to perk up the level of scam vigilance, the Reserve Bank of India (RBI) has directed the…
22 MAR 2018
Digitised trade finance solution launched by Yes Bank
Yes Bank has launched a robotics-based ‘Digital export Import’ payments solution. It is a part of this private sector lender’s…
15 MAR 2018
RBI penalises SBI for Rs 40 lakh
The Reserve Bank of India (RBI) has levied Rs 40 lakh penalty on State Bank of India (SBI) for failing…
08 MAR 2018
PNB branch blamed for fraud left unaudited for 9 years
While the accusations pertaining to Rs 12,636 crore Punjab National Bank’s scam has begun, the audit controls are also blamed…
28 FEB 2018
RBI set to sync bank’s base rate to MCLR from Apr 1
The Reserve Bank of India (RBI) has decided to link bank’s base rate to Marginal Cost of Funds based Lending…
08 FEB 2018
RBI monetary policy: Repo rate unchanged at 6%
The monetary policy committee (MPC) of the Reserve Bank of India (RBI) has decided not to change its interest rate…
07 FEB 2018
India Post Payments Bank to kick-start pan-India operations from May
India Post Payments Bank is all set to start its pan-India operations from May 2018, with an investment of Rs…
06 FEB 2018
Bank of India likely to close 700 ATMs by the end of February
In a bid to revive its stressed financial situation, public lender Bank of India may shut its 700 ATMs by…
22 DEC 2017
