Banking And Finance
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RBI bans Kotak Mahindra Bank from adding new customers through online banking, issuing credit cards
The central bank said it had found deficiencies in the private bank’s information technology system.
Scroll Staff
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RBI extends deadline until March 15 for Paytm Payments Bank to stop fresh deposits, top-ups
The central bank said this was being done in view of the interests of customers, who may need more time to make alternative arrangements.
Scroll Staff
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RBI stops Paytm Payments Bank from accepting deposits in customer accounts after February 29
However, customers can continue to use the balance amount in their accounts without any restrictions.
Scroll Staff
Trending
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Expelled BJP Minority Morcha leader Usman Ghani arrested in Rajasthan
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Canada: Amid anti-immigration rhetoric, curbing international students is a knee-jerk reaction
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By mixing Carnatic and Hindustani, Mysore’s kings helped create a unique body of music
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Why Calcutta HC struck down 25,000 teachers’ appointments and how it could impact the election
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‘Be freed from what holds you back’: Poems by Buddhist women from the Murty Classical Library
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RBI hikes risk weights on personal loans, credit cards
This would make it more expensive for lenders to offer certain kinds of loans as they would have to set aside more capital for them.
Scroll Staff
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Centre defers plan to levy 20% tax on purchases made abroad using credit cards
The decision was taken to give banks more time to prepare their systems, the finance ministry said.
Scroll Staff
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Four pieces of advice for Ajay Banga before he takes on the role of World Bank president
This is a crucial time for the World Bank, with calls for reform and sky-high expectations from its next leader.
Rachel Kyte, The Conversation
Video
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Watch: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
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Watch Anu Malik and Sonu Nigam’s impromptu performance of ‘Main Hoon Na’ at Farah Khan’s home
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Watch: Doordarshan newsreader faints on live TV in Kolkata owing to severe heat
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Watch: Spice Girls sing ‘Stop’ as bandmates reunite to celebrate Victoria Beckham’s 50th birthday
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Watch: Over 350 ballerinas come together to break the world record for standing on tip toes
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Lessons from 19th century on how to fix the financial sector after Silicon Valley Bank’s collapse
New rules following a spate of bank failures in Britain could provide lessons for today’s regulators.
Lucy Newton, The Conversation & Victoria Barnes, The Conversation
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HSBC acquires Silicon Valley Bank’s UK arm for £1
The development took place three days after the US-based Silicon Valley Bank was shut down by regulators in California.
Scroll Staff
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India links UPI payment system with Singapore’s PayNow
This is the first-of-its-kind collaboration between two countries.
Scroll Staff
The Reel
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Aditi Rao Hydari on playing diverse characters: ‘I want the audience to take me home with them’
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The story of India’s unique ‘Milk Revolution’ is going to the Cannes Film Festival
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The story behind the ‘Kuch Kuch Hota Hai’ title track: ‘Just write very simple poetry’
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‘Juna Furniture’ review: A simplistic crusade against the neglect of senior citizens
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‘Late Night with the Devil’ review: A deft satire on the price of success
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NRIs in 10 countries can now set up UPI on international mobile numbers
The countries are Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the United States, Saudi Arabia, the United Arab Emirates and the United Kingdom.
Scroll Staff
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State Bank of India hikes lending rates by 0.1% for second time in a month, EMIs to get costlier
The move came nearly two weeks after the Reserve Bank of India raised its repo rate by 0.4% to 4.40%.
Scroll Staff
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State Bank of India raises lending rates by 0.1%, EMIs to get costlier
Following the State Bank of India’s move, Bank of Baroda, Axis Bank and Kotak Mahindra Bank also increased their benchmark lending rates.
Scroll Staff
The Field
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IPL 2024: Jake Fraser-McGurk’s whirlwind knock powers Delhi Capitals to win over Mumbai Indians
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Athletics, Asian U20 C’ships: Harshit Kumar wins hammer throw gold as India’s medal tally increases
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Archery, World Cup Shanghai: Indian compound archers sweep all three team event gold medals
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IPL 2024: Jonny Bairtsow shines as Punjab Kings beat Kolkata Knight Riders in record-breaking match
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IPL 2024: ‘Save the bowlers’ – Reactions as Punjab chase down record total against Kolkata