The Reserve Bank of India (RBI) while releasing a framework for strengthening grievance redress mechanism has warned supervisory action against banks that fail to improve their redress mechanism in a time bound manner

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The Reserve Bank of India (RBI) on Friday proposed a four-layered structure for non-banking finance companies (NBFCs) and new norms to strengthen their governance and operations.

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The Reserve Bank of India (RBI) had cancelled licence of yet another bank, this time Osmanabad-based Vasantdada Nagari Sahakari Bank Ltd while requesting Maharashtra’s commissioner for cooperation and registrar of cooperative Societies (RCS) to issue an order for winding up the bank and appoint a liquidator for the bank.

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Taking cognizance of the spurt in digital lending by online platforms and mobile apps, the Reserve Bank of India (RBI) has set up a working group to evaluate and recommend measures on digital lending

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The Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG for non-compliance with certain directions issued by the central bank.

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While highlighting the need for proactive building up of adequate capital for banks to withstand possible asset quality deterioration,

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The Reserve Bank of India has created a 'Payments Infrastructure Development Fund' to encourage acquirers to deploy 'Points of Sale' infrastructure in tier-3 to tier-6 centres and northeastern states.

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The Reserve Bank of India (RBI) has imposed a penalty of Rs 2.50 crore on Bajaj Finance for violation of codes governing the methods employed to recover dues amongst others.

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Although the banks remain flush with liquidity and interest rates lowered significantly, credit offtake from banks was very low and

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With bank after bank in the private sector getting into problems, the latest being the Lakshmi Vilas Bank (LVB), the efficacy of Reserve Bank of India (RBI) as the sectoral regulator will soon be a question mark, said a top leader of a large bank union.

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The Reserve Bank of India (RBI) on Tuesday came up with a framework for pan-India Umbrella Entity for Retail Payments, wherein the central bank has said that an entity must have a minimum paid-up capital of Rs 500 crore for setting up an umbrella entity for retail payment.

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In a major development for digital payment services, the Reserve Bank of India has decided that payment system operators (PSOs) will have to implement Online Dispute Resolution (ODR) systems in a phased manner.

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The Reserve Bank of India (RBI) has come up with additional measures to curb the use of multiple operating accounts for loans wherein banks have been directed not to open current accounts for customers already availing credit in the form of cash or overdraft (OD).

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The Reserve Bank of India on Thursday added additional shine to gold ornaments and jewellery by allowing banks to give loans up to 90 per cent of the value of such items pledged by borrowers.

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The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) has decided to keep policy rates unchanged in its August review. Due to this, repo rate would remain at 4% and reverse repo rate at 3.35%.

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Failure of the Punjab and Maharashtra Cooperative (PMC) Bank triggered the union government into taking action, which resulted in amending the Banking Regulation Act 1949, bringing the cooperative banks within the direct regulatory ambit of the Reserve bank of India (RBI), putting a full stop to dual regulation of the cooperative banking sector

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Taking cognizance of harassment being suffered by digital or app-based lending platforms, the Reserve Bank of India has warned banks and non-banking finance companies (NBFCs) that as lenders cannot diminish their obligations, as the onus of compliance with regulatory instructions rests solely with them.

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The Reserve Bank of India (RBI) has already initiated macro-economic and financial sector policy measures to ease the impact and pain of the lockdown caused by COVID-19.

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The Reserve Bank of India (RBI) on Friday announced a cut of 25 basis points (bps) in reverse repo rate (short-term borrowing) to 3.75% from 4%.

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Reserve Bank of India (RBI) governor Shaktikanta Das on Monday held a confidence-building press conference to assure Yes Bank depositors that there was no cause to panic when the moratorium on the bank is lifted on 18th March.

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