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RBI CUSTOMER PROTECTION GUIDELINES
SBI ordered to refund nearly Rs 2 lakh after online fraud as customer said he never shared his ATM PIN, OTP or banking detailsA consumer commission has directed the State Bank of India (SBI) to refund Rs 1.64 lakh to a customer who lost money in an unauthorised onl...- FCNR deposits from Indian diaspora in UAE come in big; some say flow could be biggerUAE is poised to spearhead India's special FCNR(B) deposit scheme, with enticing dollar rates and beneficial tax incentives attracting cons...
- Saturday bank holiday: Are banks open or closed today on August 1, 2026? Check if HDFC Bank, SBI, PNB and others are openAll scheduled and non-scheduled banks observe holidays on the second and fourth Saturdays. Banks remain open on the first, third, and fifth...
- RBI asks banks to install fake currency detection machines at branches along international bordersThe Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note ...
- Canada tightens work permit rules; new hires can no longer apply before joining overseas employerCanada has updated its C20 work permit rules, requiring prior overseas employment. Foreign nationals must now be employed before arriving i...
- New insurance norms for hospital admission: 'Unnecessary hospitalisation' won't be allowed; doctors fear genuine mediclaims may be deniedNew insurance norms for hospital admission issued by the General Insurance Council advise that patients with uncomplicated fever be treated...
- RBI gives banks more time to implement bulk deposit rate norms, deadline now Oct 1Banks now have until October 1 to implement new differential interest rate rules. These norms allow varied rates on bulk deposits consideri...
- The future of personal loans is pay for what you needTraditional loans assumed fixed needs, but modern financial requirements are often incremental. Borrowers now seek flexibility to access fu...
- RBI sold about $7 billion to defend rupee on FridayIndia's central bank sold approximately $7 billion to defend the rupee. The Reserve Bank of India intervened across markets as the currency...
- Montréal-Pierre Elliott Trudeau Airport sees US flight cancellations and delays after varnish odour shuts down customs. Here's the latest update passengers need to knowFlights to the United States were disrupted at Montréal-Pierre Elliott Trudeau International Airport after a varnish odour from interior pa...
- US cholesterol guidelines: Why 21.5 million more Americans may now qualify for statins as doctors shift to lifetime heart disease riskUS cholesterol guidelines statins: New US cholesterol guidelines could make 21.5 million more Americans eligible for statins by shifting th...
- Delhi High Court orders winding up of Paytm Payments Bank after RBI licence cancellationPaytm Payments Bank Limited is set for closure as per the directive from the Delhi High Court, resulting from the Reserve Bank of India's e...
- US customs officials inspect China-linked factories in Vietnam: ReportU.S. customs officials conducted spot inspections at China-linked factories in Vietnam. Inspectors examined documents and production proces...
- No proposal for one-time waiver of loans of small, marginal farmers: MoS FinanceThe government has no current proposal for a one-time loan waiver for farmers. The Reserve Bank of India offers financial restructuring opt...
- Curb risk of competition law violations being internalised as cost of doing biz: Parliament panel to CCIA parliamentary panel recommends vigorous enforcement of penalty guidelines by the Competition Commission of India. These guidelines aim to...
- India to roll out common customer ID for banks, insurers; mutual funds to follow, sources sayStarting in August, a collaborative customer identification initiative will be rolled out by Indian banks and insurers, featuring a system ...
- House panel bats for interim crypto self-regulation under RBI/SEBI oversight, stresses investor protection normsA parliamentary committee has proposed the establishment of a self-regulatory organization for cryptocurrencies, functioning under the supe...
- Delhi diner was 'forced' to pay over Rs 900 as service charge: Court orders restaurant to pay Rs 25,000 compensation, says the charge is voluntaryA Delhi man refused to pay a restaurant's service charge in October 2024. The consumer commission found the restaurant guilty of unfair tra...
- RBI Deputy Governor Swaminathan J asks regulated entities to review internal grievance redressal processesRBI Deputy Governor Swaminathan J stressed reviewing internal grievance redressal processes. He asked regulated entities to design complain...
- Union Minister Pralhad Joshi warns restaurants against service charge, says violators will face finesUnion Minister Pralhad Joshi warned restaurants against levying mandatory service charges. Establishments continuing this practice face str...
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