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ESCROW ACCOUNT USAGE
Kotak Mahindra Bank is charging Rs 0.15/SMS if you fail to maintain this minimum balance in your accountKotak Mahindra Bank will implement an SMS fee of Rs 0.15 per transaction alert starting December 1, 2025, with a free limit of 30 alerts mo...- RBI tightens co-lending rules to enhance risk sharing and transparencyReserve Bank of India has released new rules for co-lending between banks and NBFCs. Lenders must keep 10% of each loan. Default loss guara...
- RBI reviews e-wallets of EV players after BluSmart goes bustIndia's central bank is reviewing digital wallets linked to electric-vehicle companies after BluSmart's collapse left users stranded with i...
- Govt bans dozens of illegal betting apps masquerading as ecommerce and forex trading portalsThe government has banned over two dozen websites involved in laundering money from illegal offshore betting apps posing as ecommerce and f...
- Byju’s clears February salary in parts for some, rest get full payment after delayEmbattled edtech company Byju's on Sunday announced that it has disbursed a portion of the pending salaries for over 20,000 employees for t...
- Will Paytm FASTag work beyond the March 15 deadline as Paytm shifts nodal account to Axis Bank?Paytm FASTag: As of February 22, 2024 existing FASTags of Paytm would work post March 15, 2024 but they cannot be topped up with money. So ...
- Here’s why RBI placed B2B card pay on full holdBesides the card schemes, even banks which offer commercial credit cards have been asked to halt these payments as well. "I am told that th...
- What is peer-to-peer lending? Here are 5 things to knowAll P2P platforms come under the purview of RBI regulations. All players are required to register for a NBFC-P2P license to provide P2P len...
- Karvy aftermath: Sebi may ban pool accounts for mutual fund transactionMF distributors are not expected to handle clients' funds and securities.
- Sebi proposes to discontinue usage of pool accounts for mutual fund transactionSebi said instances have come to light where client's funds and securities were diverted towards margin obligations or settlement obligatio...
- Homebuyers’ lobby seeks RERA listing relaxation for stress fund supportAccording to the homebuyers lobby, the condition that a stalled project can only access the fund if it's RERA registered has an inherent ha...
- Faircent.com integrates UPI for escrow depositsIn addition to this new payment feature, the platform also supports payments through NEFT, RTGS and third-party transfer using net banking.
- Your Paytm, Mobikwik wallet may not work from today as KYC norms kick inThe RBI said clearly that every payment instrument will have to abide by the KYC norms as they are also part of the extended banking ecosys...
- RERA to kick in today even as some states may miss deadlineSo far Maharashtra, Uttar Pradesh, Madhya Pradesh, Rajasthan, Gujarat, Andhra Pradesh, Bihar, Chandigarh and Orissa have finalised their ru...
- NHAI to repay loan to banks even in stuck projects"We have prepared a policy proposal on this to take forward the works and also to reduce chances of huge number of litigations," NHAI chair...
- Foreign telecom companies could eye India post polls, says Deutsche BankForeign telecom operators could soon explore tie-ups with Indian partners, says Joequin Rodriguez Torres, Deutsche Bank.
- American Express eyes stake in Chennai startup YeldiAmerican Express is looking to pick up a stake in a Chennai-based technology startup Yeldi, which deals with products in the NFC space.
- RBI proposes escrow mechanism to route FDIRBI has proposed that transfer of such funds to the Indian entity should be allowed only through escrow mechanism under which the money wou...
- Government asks banks to focus on partially completed real estate projects' fundingUnion secretary for financial services DK Mittal has asked commercial banks to focus on financing partially completed projects on a priorit...
- Delhi HC says GTL Infrastructure may challenge share seizure by IFCIThe Delhi High Court has ruled that IFCI can sell GTL’s pledged shares of GTL Infrastructure by issuing sufficient notice.
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