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RBI GUIDELINES 2024
RBI revises Kisan Credit Card norms, standardises crop season definitionThe Reserve Bank has revamped the Kisan Credit Card (KCC) Scheme, standardizing crop season definitions for uniform loan sanctions and repa...- Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
- Bond won't help this time: Why RBI should hike interest rate, instead of unleashing forex mobilisation schemes as in the pastReserve Bank of India's past emergency tools for raising foreign currency are no longer effective. Global interest rates have changed the f...
- PSU closure: Govt sets in motion new move after years wasted in stop-start processThe Centre is pushing ministries to accelerate the closure of unprofitable state-owned companies. Progress has been slow despite a policy a...
- RBI accepts 2 core investment companies' applications for surrendering registrationThe Reserve Bank of India has cancelled registration certificates for several non-banking financial companies and core investment companies...
- RBI fines Pine Labs Rs 3.1 lakh for KYC lapses on prepaid payment instrumentsThe move follows a statutory inspection of the fintech’s operations conducted between July 2024 and May 2025. The RBI clarified that the ac...
- RBI slaps Rs 3.1 lakh penalty on Cashfree for non-complianceThe Reserve Bank of India has taken a firm stance against Cashfree Payments India Private Ltd. by imposing a Rs 3.1 lakh penalty. This deci...
- Paytm Payments Services gets 'in-principle' nod from RBI to operate as online payment aggregatorPaytm Payments Services received in-principle approval from the RBI to operate as an Online Payment Aggregator, subject to compliance with ...
- PFC, REC shares rally 4% as RBI eases provisioning norms for project financiersPFC and REC shares surged following the RBI's final project finance directions, which replaced legacy circulars and aligned norms. The rela...
- P2P lending slows as RBI move clouds future of key playersThe peer-to-peer (P2P) lending sector has experienced a significant slowdown over the past year as the Reserve Bank of India (RBI) has tigh...
- RBI lifts ban on NBFCs Asirvad Micro Finance and DMI FinanceThe Reserve Bank of India lifted restrictions on Asirvad Micro Finance and DMI Finance. These restrictions had been imposed in October 2024...
- Loan against gold on rise, RBI raises concerns over irregular practices involved in gold loansGold loans in India have seen significant growth by September 2024 compared to the previous year, driven by increased reliance on gold as c...
- LIC's unclaimed maturity amounts stand at Rs 881 crore in FY24LIC reported unclaimed maturity amounts of ₹880.93 crore in FY24, slightly up from the previous year. The government is employing various m...
- RBI’s new domestic money transfer rules for stronger KYC are applicable from November 1, 2024; check detailsNew money transfer rules: The revised regulations are intended to improve the security of domestic money transfers and ensure compliance wi...
- Paytm receives approval from NPCI to onboard new UPI usersPaytm parent firm One 97 Communications said on October 22 that the National Payments Corporation of India (NPCI) has given approval to the...
- Union Bank of India becomes first major Indian Bank to sign PCAFUnion Bank of India has joined the Partnership for Carbon Accounting Financials (PCAF) to align with global climate risk management efforts...
- New bank money transfer rules from November 1, 2024: All you should knowWith a focus on banking services and payment systems, the Reserve Bank of India (RBI) recently released a new framework on Domestic Money T...
- ET Explainer: What RBI's norms on penal charges mean for borrowersThe Reserve Bank of India (RBI) has implemented new guidelines on penal charges for loan accounts starting from April 1. These regulations ...
- Banks, NBFCs to stop compounding penalty charges from April 1, 2024 as RBI extends deadlineThe RBI has released a circular extending the deadline to implement the revised guidelines on how banks, NBFCs are charge penal interest an...
- Are banks making a business out of punishing loan defaulters?The Reserve Bank of India (RBI) in August had instructing banks not to use penal interest rates as a revenue enhancement tool but rather to...
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