Customers Need not visit Bank for re-KYC, Says RBI
The Reserve Bank of India (RBI) has elucidated that self-declaration by clients through non-face-to-face frequencies will be satisfactory for implementing the re-know your customer course...
Tag : Reserve Bank of India (RBI)
Mahindra Finance Rises 3% as RBI Lifts Ban on Outsourced Loan Recovery
Shares of Mahindra Finance rose 3% to Rs 240.60 in intraday trade on the BSE on Thursday after the Reserve Bank of India (RBI) lifted...
NARCL Emerges as Top Bidder for SREI with NPV of Rs 5,555 Crore
National Asset Reconstruction Company Ltd (NARCL) emerged as the top bidder in the auction of two finance firms, Srei Infrastructure Finance and Srei Equipment Finance,...
RBI Working on Alternate Arrangements for Banks Hit by EU Oversight Rule
The Reserve Bank of India is working on alternative arrangements for banks whose local business would be hit if European market regulators withdrew their recognition...
Nifty PSU Banks Index Rebounds 11% in 3 Days, PSB, Bob Climb to 5%
Public sector unit (PSU) bank shares were in focus as the Nifty PSU Bank Index rebounded 11% in the past three sessions after sharp losses...
RBI Asks Razorpay to Pause Onboarding Merchants
Fintech giant Razorpay has been asked by the Reserve Bank of India (RBI) to pause the onboarding of new online payment merchants after the central...
Bank of Baroda Proposes Sale of Majority Stake in Nainital Bank
On Tuesday, the state-owned Bank of Baroda (BoB) said it planned to sell its majority stake in Nainital Bank. The bank’s board has approved the...
RBI’s Inflation Mandate Failure Report Cannot be Made Public, Govt Informed Parliament
The Reserve Bank of India (RBI) has submitted reports on breaches of its inflation target for three consecutive quarters. Still, the reports cannot be made...
RBI Sells $33.42 Billion in April-September FY23 to Contain Rupee Volatility
The Reserve Bank of India (RBI) sold a net of $33.42 billion in the foreign exchange market in the first six months of the fiscal...
RBI Introduces Single Block and Multiple Debit Features in UPI
On Wednesday, the Reserve Bank of India (RBI) announced the introduction of single-block and multi-block debit functionality in the Unified Payments Interface (UPI). Customers can...