RBI News

Industry

Why RBI is wary of co-branded credit cards

RBI wants to check the unbridled growth in credit cards and prevent the backdoor entry of firms into the industry.

2 min read28 Mar 2024
Web Stories

6 key measures enforced by RBI for safe banking

Lenders are required to enforce multi-factor authentication for all electronic payments and fund transfers, with exceptions made only for explicitly low-value transactions.

1 min read22 Mar 2024
Money

6 key steps RBI has taken to ensure safe banking practices. Details here

Lenders are supposed to implement multi-factor authentication for all payments through electronic modes and fund transfers barring some explicitly small value transactions

2 min read21 Mar 2024
Industry

RBI alerts banks on heightened cyber security threats, gives action plan to address vulnerabilities, says report

The warnings come after the RBI's recent Cyber Security and Information Technology Examination, which also provided action points for banks to address identified vulnerabilities.

2 min read18 Mar 2024
Videos

RBI Amends Billing Cycle Rules For Credit Cards; Co- Branded Cards To Face More Scrutiny | Details

RBI Amends Billing Cycle Rules For Credit Cards; Co- Branded Cards To Face More Scrutiny | Details #rbi #shaktikantadas #creditcard #credit #debt #lakshadweep #banking #banks #axisbank #hdfc #icicibank #sbi #idfc #pnb #kotakmahindrabank

15 Mar 2024
Economy

Inflation eases to four-month low, but RBI may not precede US Fed in rate cuts, say economists

The marginal fall in India’s headline retail inflation last month was in line with the expectations of most economists and they expect the RBI’s Monetary Policy Committee (MPC) to stay put in the next meeting but may look to cut the repo rate in the second half of calendar year 2024.

2 min read13 Mar 2024
Money

Credit card latest rules: You can now decide the billing cycle of your card. Details here

The latest amendment stipulates that the cardholder will be provided option to choose any date as the starting or closing date of the billing cycle at least once. Additionally, card-issuers may provide the option to modify the billing cycle through multiple channels, RBI’s rules state

2 min read7 Mar 2024
Industry

The silent rise of the public sector banker in private bank boards

Boards of several top private banks are now led by former public sector officials, either from the Reserve Bank of India, or the civil services

5 min read7 Mar 2024
Industry

RBI on IIFL Finance, JM Financial: Actions to ensure ethical business practice, analysts say

RBI imposed an embargo on IIFL Finance’s gold loan business and then on JM Financial Products’ loan against shares & IPO financing business, citing persistent regulatory non-compliance and governance issues.

3 min read6 Mar 2024
News

97.62 percent of ₹2,000 currency notes already returned, says RBI

RBI revealed that 97.62 percent of the ₹2000 banknotes in circulation as on May 19 last year have been returned. The total value of banknotes in circulation, ₹3.56 lakh crore in May last year, has now declined to ₹8,470 crore on Feb 29, 2024.

1 min read1 Mar 2024
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