- Chetanya Rai
- 2 Min Read
RBI Proposes New Measures to Enhance Digital Payment Security
RBI introduces new draft framework to boost digital payment security with enhanced authentication methods and specific exemptions.
- Chetanya Rai
- 2 Min Read
RBI Proposes New Rules to Reduce Fraud in Aadhaar-enabled Payment System
RBI proposes new rules to improve Aadhar-enabled Payment System (AePS) security and reduce fraud by setting transaction limits for agents.
- Chetanya Rai
- 2 Min Read
RBI Sets New Rules for Banks: Focus on Identifying and Handling Wilful Defaulters
RBI issues new guidelines to tackle wilful defaulters, improving scrutiny of NPAs over Rs 25 lakh for better market stability.
- Chetanya Rai
- 2 Min Read
RBI’s RCF Report Shows Digital Tech Driving Banking Efficiency and Market Competition
RBI’s 2024 RCF Report reveals how digital technology is enhancing bank efficiency and increasing competition in India’s financial sector.
- Chetanya Rai
- 2 Min Read
RBI Revises Domestic Money Transfer Framework
RBI updates Domestic Money Transfer rules which is effective from November 1, 2024, with enhanced security and stricter KYC requirements.
- Chetanya Rai
- 2 Min Read
RBI to Banks: Declare Loan Accounts as ‘Fraud’ Only After Fair Hearing
RBI mandates fair hearings for borrowers before labeling accounts as fraud. Banks must now provide a 21-day response window.
- Chetanya Rai
- 2 Min Read
HDFC, Axis Bank System Upgrade on July 13-14: Timing, Services That Will Be Hit – All Details
HDFC and Axis Bank announce potential service disruptions due to system upgrades on July 13-14. Find out more!
- Chetanya Rai
- 2 Min Read
RBI Says Certain Banks Have Lakhs of Accounts Used for Fraudulent Transactions, Loan Evergreening
RBI raises concern over banks' misuse of internal accounts for fraud and loan evergreening, urging stricter controls and transparency.
- Chetanya Rai
- 2 Min Read
RBI Cancels Registration of Two NBFCs – Star Finserv and Plytex. Here’s Why
RBI cancels registrations of Polytex India Ltd and Star Finserv India Limited due to irregular lending practices and guideline violations.