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SOS TO RBI
Can banks block your mobile in case of loan default? RBI lays down rules for restricting services; Rs 250/hour compensation in this caseIf the lender bank decides to deploy any technology-based mechanism for restricting or disabling the functionalities of a mobile device of ...- RBI proposes rules to let lenders disable phones for loan defaultsThe Reserve Bank of India is proposing to allow lenders to disable certain mobile phone functions for loan defaulters, specifically for dev...
- US-Iran War Day 54: Trump hits pause for now as Pakistan continues brokering 'peace', but Hormuz's future remains in limboIran War Day 54 News: As the US-Iran war 2026 entered day 54, US President Trump announced an indefinite extension of the ceasefire to allo...
- PM Modi inaugurates Rs 12,200 cr final phase of Mumbai Metro Line-3 from Acharya Atre Chowk to Cuffe ParadePrime Minister Narendra Modi has inaugurated the final phase of Mumbai Metro Line-3. This marks the completion of the entire Aqua Line, Mum...
- Ecommerce & dark patterns; how unicorn founders stack upThe government could crack down on ecommerce firms following consumer complaints of dark pattern violations during festive sales. This and ...
- Centre's nod to Andhra Pradesh to borrow moreThe Centre fixed a Net Borrowing Ceiling (NBC) of Rs 42,472 crore for the state for the year 2021-22, with a borrowing space of Rs 37,163 c...
- Supreme Court directs RBI to ensure implementation of moratorium in letter and spiritWhile the three judge bench of justices NV Ramana, Sanjay Kaul and BR Gavai, disposed the matter because the petitioners were not borrowers...
- Indian Banks Association may approve 90-day moratorium for all NBFCsNBFCs and housing finance companies had shot off an urgent SOS to the RBI claiming that they will run out of cash by May-June if they don’t...
- NBFCs with exposure to housing & construction send SOS to RBINon-bank lenders with large exposure to construction finance and housing finance companies have written to the Reserve Bank of India (RBI) ...
- Beleaguered Indian diamond traders seek help from government, RBIGems and jewellery houses on Tuesday reached out to ministries of commerce and finance as well as the central bank, asking for leeway and t...
- PMC Bank accused's custody extended, depositors agitatedDepositors of Punjab and Maharashtra Cooperative (PMC) Bank protested outside a court on Wednesday, demanding stringent action against the ...
- P2P lenders mail an SoS to RBIThe body has suggested immediate extension of the limit to Rs 1 crore for retail investors, which would allow HNIs to lend money through th...
- How Mumbai shocks and nudges DelhiThe panic in the financial markets partly owes its origin to shrinking banks.
- Banks resort to cash rationing amid shortage; ATMs run dryCustomers started lining up outside branches since wee hours at many places to withdraw their salaries for paying monthly bills and meeting...
- Uber's Indian innovations such as acceptance of cash go worldwideThe innovations, often the result of challenges the Indian market posed, include acceptance of cash, use of mobile wallets etc.
- Haldia output snag may make downstream units fate uncertainJajodia said major petrochem players like Reliance Industries, Indian Oil and Gail are not in a position to compensate the shortage complet...
- Congress trying to polarise voters to hide failures: BJPThe party said that there is a clamour to fight the elections under BJP symbol which is in "contrast" to Congress where senior leaders are ...
- Air India seeks 250-300 crore monthly grantCrisis-ridden Air India sent a desperate SOS to parent aviation ministry on Wednesday seeking a monthly monetary support of Rs 250-300 cror...
- Rupee fall: India Inc calls for RBI's help to check impact of wild swings on earningsCorporate India is running out of options to mitigate the impact of wild swings of the rupee on their earnings as they desperately hope for...
- Maharashtra sends SOS to FMIN an SOS to finance minister Yashwant Sinha, Maharashttra chief minister Vilasrao Deshmukh has urged him to bail out the state government ...
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