Banking System’s Liquidity Slips Into Deficit For First Time In FY24
Banking system liquidity stood at a deficit or 236 billion rupees ($2.84…
Soon, Pay Up To Rs 500 At A Go Via UPI Lite
UPI-Lite was launched in September 2022 to reduce transaction failures and optimise…
RBI Issues Norms For Late Fee Payment Of EMI For Personal Loan Borrowers
The two decisions are expected to provide a relief to the borrowers…
Credit Card Default Increases By 1.94% To Rs 4,072 Crore In FY23-24
All cooperative banks are required to comply with the guidelines issued by…
Digital Payments Rise 13% Y-o-Y At March-end 2023: RBI Data
Digital payments across the country registered a growth of 13.24 per cent…
RBI Permits Banks To Open Vostro Accounts From 22 Nations For Rupee Trade
As on July 23, 20 banks in India have been permitted to…
RBI To Banks: Report All Digital Frauds Not Just Those Above Rs 1 Lakh
The rising volumes of UPI transactions and related frauds have emerged as…
Global Growth In Manufacturing And Investment Slowing Down: RBI Report
To achieve India @100, India's real GDP needs to grow at 7.6%…
RBI Issues Draft Circular On Issuance Of Debit, Credit, Prepaid Cards
RBI directive tells debit, credit and prepaid card issuers to give customers…
76% Of Rs 2,000 Banknotes Returned To Banks Since May 19; 87% As Deposits
According to RBI, as on May 19, the total value of Rs…
