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RBI FINES VISA
Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...- School Assembly Headlines for July 24: Top national, international, sports and business updatesIndia is set to resume tourist visas for Chinese nationals after five years, while the Rajya Sabha will debate the Pahalgam attack. A Ghazi...
- How Financial Big Boss Works: From payment crisis to fight with govt, RBI plans web series to reveal it allThe Reserve Bank of India (RBI) plans to release a five-episode web series to commemorate its 90-year history. Each episode will be 25-30 m...
- RBI fines Visa, Ola Financial and Manappuram for contravention of PPI, KYC rulesIn February, the RBI had ordered the credit card company to stop using an unauthorised route to make some commercial payments, per a Reuter...
- RBI imposes penalties on 3 payment system operatorsThe RBI said monetary penalty on Payment System Operators (PSOs) Manappuram Finance and Ola Financial Services has been imposed for non-com...
- Paytm bank RBI crackdown may just be the start? Banks’ rush for clients set for reckoningPaytm: Indian regulators are cracking down on potential fraud in the financial sector, starting with Paytm. The Reserve Bank of India is ge...
- How to make UPI payments via credit, debit cardsApart from UPI-linked bank accounts, an individual can now also add their debit or credit cards in UPI apps to make payments. Read on to kn...
- Rejigged localisation rules in Data Protection Bill to ease worries of Big Tech companiesBig Tech companies such as Meta Inc and Alphabet Inc may get some respite from a revised version of the Data Protection Bill, which is expe...
- RBI rule will set back fintech firms, says report; Zomato board may clear Blinkit deal on FridayFintech firms are claiming that the RBI wants to give banks full control over fintech innovation.
- ED seizes assets of absconding Hyderabad firm promoters under FEMAThe seized assets are in the form of 15 immovable properties situated in the states of Telangana and Andhra Pradesh, the federal probe agen...
- View: Tokenisation, an OTT ActionOne can't help but feel a bit of sympathy for these companies. They were on the forefront of the first digital banking wave India witnessed...
- View: Tokenisation is the latest regulatory disruptionThe term 'tokenisation' denotes the process of encryption and decryption of card details such as the name of holder, card number and expiry...
- Few startups corner bulk of funding; RBI rule disrupts auto payIndia's startup ecosystem is in the midst of an unprecedented funding boom, but the top two or three companies in each sector have cornered...
- RBI-Mastercard faceoff: How things came to this pass, and what nowThe need for independent, domestic payment networks cannot be overestimated. Russia’s experience in 2014, when both Mastercard and Visa vir...
- Complied with 85% of asks on tech, ball in RBI court for lifting ban: HDFC BankAddressing shareholders at his first annual general meeting as the executive head of the largest private sector lender, Jagdishan said a te...
- Sorry, no Mastercard? Making sense of RBI's clampdown on US payments networkIn April, the monetary authority imposed similar restrictions on American Express Co. and Discover Financial Services’ Diners Club cards. E...
- With IBC about to be 3, a look at the hits & misses and the road aheadOut of the 1,484 cases admitted for resolution, 586 have been closed till December 2018 — a hit rate of 40%.
- Undermining the bankruptcy lawTo be sure, its record has been rather mixed since its birth in May 2016.
- Banks set to send 23 of 28 large dud accounts to NCLT tomorrowIn August, the Reserve Bank had asked banks to either resolve 28 more large stressed accounts by tomorrow or refer them to the NCLT by Dece...
- Indians in US have to disclose offshore accountsNon-residents are required to declare overseas financial accounts if aggregate value exceeds $10,000 during calendar year. NRE/ NRO A/cs I ...
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