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BANK COMPENSATION GUIDELINES
Compensation of Rs 100 to Rs 5,000 per day for delay by bank in processing your request in these 5 situationsFrom stuck credit card closure requests to lost property papers, RBI rules require banks to pay you for every day they're late. A customer ...- Trouble continues: Turtlemint, PB Fintech, other insurance stocks drop up to 38% in 3 days. What are analysts saying?Insurance stocks including PB Fintech, Turtlemint, ICICI Lombard, HDFC Life and SBI Life face selling pressure as proposed IRDAI distributi...
- Finance company sent recovery agents at midnight to seize vehicle, sells without giving notice; Supreme Court orders Cholamandalam Finance to pay Rs 15 lakhCholamandalam Investment and Finance Company has been ordered to pay a truck owner around Rs 15 lakh in total after seizing and selling his...
- SC asks RBI to secure compliance of norms on seizure of financed vehicles by NBFCs, banksThe Supreme Court mandated the RBI to enforce lawful vehicle repossession rules. Financial institutions cannot seize vehicles without due l...
- Paytm will stay profitable even without MDR, government support: Vijay Shekhar SharmaHis comments come as the government moves towards allowing charges on a limited set of UPI transactions. On Monday, the government notified...
- Manipur CM Yumnam Khemchand says Imphal Ring Road work to progress after land acquisitionAs the Imphal Ring Road project approaches completion, nearly all land acquisition processes have been finalized. The impact of COVID-19 an...
- Flight refund credited to Goibibo wallet, but passenger didn't get the money: Court orders Rs 1.34 lakh payoutGoibibo has been ordered to pay a total of over Rs 1.34 lakh for failing to refund cancelled flight tickets. This includes a refund of Rs 4...
- Man loses Rs 9,800 after scratching a fake UPI cashback card; consumer commission orders Federal Bank to pay 17,800; know whyA man lost Rs 9,854 after falling for a fake UPI cashback scratch card scam. Federal Bank initially refunded the amount as required under R...
- RBI changes loan recovery rules:: No harassment, recorded calls, strict recovery agent code & moreThe Reserve Bank of India has announced new guidelines for loan recovery starting in January 2027. These regulations require that banks pro...
- RBI relaxes device-loan recovery normsThe Reserve Bank of India has updated its regulations on mobile loan financing. Lenders are now required to reinstate device functionality ...
- 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...
- RBI finalises digital banking fraud protection rules; introduces shadow reversal, extends relief to sole proprietorsVictims of digital payment fraud losing up to Rs 50,000 can now get up to Rs 25,000 compensation from banks, effective January 1, 2027. The...
- Resolve stressed assets on time in your interest: RBI to banksRBI will be coming out with the final guidelines for private and foreign bankers' compensation soon.
- RBI to set up compensation system for customer complaints across all payment systemsDespite the guidelines being in place, it is being observed by the central bank that the time taken to resolve the customer complaints vari...
- RBI proposes variable pay for top officials of private, foreign banksAs per the extant guidelines, the variable pay is capped at 70 per cent of fixed pay but did not include ESOPs.
- Private, foreign banks cannot pay 'excessive' salary to CEOs: RBIBanks are required to ensure that the fixed portion of compensation is reasonable, taking into account all relevant factors, including the ...
- RBI to issue guidelines on CEO compensation package by DecThe Reserve Bank on Tuesday said it will decide by December ways to regulate salary of CEOs and other top officials in private and foreign ...
- RBI gets it rightFlawed compensation practices contributed majorly to global crisis.
- RBI norms on bankers' pay by JuneThe Reserve Bank on Tuesday said it would come out with norms on salaries of CEOs of private and foreign banks by June end, in a move remin...
- RBI norms on bank execs' salary on cardsRBI is set to unveil guidelines to regulate the pay of senior executives of private and foreign banks. What is IIP? | Banks asked to make h...
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