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RBI CIRCULAR NEWS
Noel Tata’s IPO pushback said to trigger internal differences at Tata GroupA rift is emerging within the Tata conglomerate. Noel Tata opposes listing the parent firm, Tata Sons, despite upcoming Reserve Bank of Ind...
RBI allows NDF contracts to clients, rebooking of related party tradesThe Reserve Bank of India has made a pivotal move by retracting its earlier April 1 directive, which had restricted banks from offering non...
RBI issues 244 Master Directions, consolidating over 9,000 circulars aimed at reducing compliance burdenThe Reserve Bank of India has reorganised its regulatory rulebook by merging thousands of circulars and guidelines into a smaller set of Ma...
Has RBI directed all banks to migrate to '.bank.in' domain? PIB Fact Check team clears confusionThe Reserve Bank of India has directed all banks to adopt the new .bank.in domain. This move aims to enhance online banking security and co...
Borrowers must be accorded hearing before declaration of bank account as fraud: SCThe Supreme Court on Monday said a borrower must be accorded a hearing before an account is classified as "fraud" and a reasoned order must...
SEBI proposes framework for index providers to strengthen transparencyAn index provider must constitute an oversight committee for reviewing the existing index design. The committee must also review the index ...
SBI says it's not a nodal bank for Russia-related transactionsThe country's largest lender, State Bank of India (SBI) on Thursday clarified that it has not been identified as a nodal bank for handling ...
RBI circular leaves fintech firms dazed and confusedThe banking regulator believes that fintechs, unlike traditional lenders, lack sufficient capital and credit underwriting capabilities, sai...
Coinbase chief Brian Armstrong questions India’s crypto trading ‘shadow ban’Last year, several banks including ICICI Bank and Paytm’s Payments Bank cut ties with crypto exchanges based on “informal requests” by the ...
Your recurring payments won't fail from April 1 as RBI extends deadlineThe extension aims to prevent any large scale "customer inconvenience and default", the central bank said in a circular on March 31.
Your auto-debit payments won’t fail: RBI extends deadline for extra authenticationThis is good news because many banks and payment gateways were yet to comply with RBI’s mandate and had asked the apex bank for additional ...
Slow outcome Moody's biggest concern with IBC: Alka AnbarasuBanks still saddled with legacy NPLs which are moving out of balance sheets very slowly, says Anbarasu.
New RBI circular should be a good move going forward, says GM YadwadkarThe only one issue now is that all lenders will have to sign the ICA, says IDBI Bank Deputy MD.
WhatsApp yet to comply with data localisation norms: RBIThis is the first time the central bank has made an official statement on WhatsApp’s payments business and compliance with data localisatio...
Supreme Court allows NGO to make RBI party in WhatsApp payment service matterThe plea filed by NGO Centre for Accountability and Systemic Change (CASC) said Whatsapp has not fully complied with the circular of the RB...
FY16 bank financials may look different after the latest RBI circularThe central bank asked banks to make more disclosure regarding non-performing assets, provisions and net profit in “notes to accounts” in t...
Many banks refuse to accept over Rs 5,000 depositsFinance minister's assurance that no questions will be asked for any amount of old currency that is deposited in one go seems to have cut l...
RBI asks banks to furnish daily data on cash withdrawalsThe RBI and the government have been trying to assuage public anger after Prime Minister Narendra Modi abruptly decided to withdraw large d...
Realty stocks surge over 4% as RBI eases rules for low-cost home loansRealty index rallied after taking cue from the RBI announcement of easing rules for low-cost home loans and gained as much as 4.1% in trade.
Gold funds may be hit by RBI's curbs on imports for domestic useAt present, an AP could take delivery of gold from banks and fix the price within 11 calendar days during which it would sell the gold to f...