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
Reserve Bank of India
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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 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
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
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
Banks can now offer differential rates to fixed deposit holders
The Reserve Bank of India (RBI) has allowed banks to offer higher rates of interest to those who do not…
18 APR 2015
Govet surplus cash balance reckoned for auction stands at Rs 75,457 cr
The government’s surplus cash bank balance reckoned for auction with Reserve Bank of India (RBI) stands at 754.57 billion rupees…
08 APR 2015
Concrete targets for financial inclusion are needed: PM
Prime Minister Narendra Modi urged the Reserve Bank of India (RBI) to encourage financial institutions to set concrete targets for…
06 APR 2015
