RBI Fines Visa, Ola Financial, Manappuram for Rule Breaches
Bhoi Smrutirekha Dharanidhar The Reserve Bank of India (RBI) has announced fines against Visa Worldwide Pte Limited, Ola Financial Services, and Manappuram Finance…
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“RBI: Banks to Hear Borrowers Before Labeling Loans ‘Fraud'”
The Reserve Bank of India (RBI) has told banks that they must give borrowers a chance to explain themselves before…
Read MoreRBI Allows Foreign Currency Accounts in GIFT City
The Reserve Bank of India (RBI) has broadened the scope of remittances to International Financial Services Centres (IFSCs) through the…
Read MoreRBI Reports 97.87% of Rs 2,000 Notes Returned to Banks
As of July 1, the Reserve Bank of India (RBI) reported that 97.87 percent of the Rs 2,000 currency notes…
Read MoreDigital currency transactions drop post RBI goal
India’s experiment with its own digital currency, the e-rupee, has hit a snag. After a successful launch in December 2022,…
Read MoreRBI Revokes License of Mumbai’s The City Co-operative Bank
The Reserve Bank of India (RBI), which acts like a super bank for all the other banks in India, has…
Read MoreSEBI directs Religare for Burman open offer by July 12th
The Securities and Exchange Board of India (SEBI), which regulates India’s stock market, has directed Religare Enterprises Limited (REL) to…
Read MoreSabPaisa approved by RBI as payment aggregator.
SabPaisa, a company offering payment solutions in India, has received the final go-ahead from the Reserve Bank of India (RBI)…
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