In Short:The Reserve Bank of India (RBI) fined HDFC Bank ₹1 crore for improper actions by its recovery agents, who contacted borrowers outside allowed...
In Short:Mumbai's RBI deputy governor T. Rabi Sankar emphasized that improving cross-border payment efficiency requires new technologies and participants beyond traditional banking. He highlighted...
In Short:State Bank of India's Managing Director, Ashwini Kumar Tewari, suggested exploring tax benefits and other options to encourage individuals to keep more money...
In Short:The Reserve Bank of India (RBI) has asked banks to give defaulting borrowers enough time before classifying them as "fraud accounts". Show-cause notices...
In Short:Credit rating agencies are seeking the central bank's help to penalize banks that withhold critical information for company ratings. Discussions initiated by the...
In Short:To reduce unwanted phone calls, the telecom department has allocated 160 numbering series for business calls and limited marketing calls to 140 series....
