Banking And Finance
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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
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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
Trending
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When an emperor came calling on a newly independent India to learn from its early successes
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Kotak firm’s Rs 60 crore donation to BJP coincided with crucial RBI decisions on Kotak Mahindra Bank
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Bharti group’s Rs 150 crore bond donation to BJP coincided with Modi government’s telecom U-turn
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‘The Goat Life’ review: A protracted saga of suffering and survival
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How the high demand for coaching classes reflects India’s employment and economic distress
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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
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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
Video
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Watch: PTI posts video accusing male ANI reporter of assaulting and abusing its woman journalist
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Watch: Footballers give their jackets to young player escorts amidst heavy rain in New York City
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Caught on camera: Supermarket floor collapses, shopper falls through it
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‘Look at my wonderful costume’: Actor Anne Hathaway reacts to scenes from some of her popular movies
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Watch: Chef makes life-sized pencil and sharpener entirely from chocolate
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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
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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
The Reel
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‘Amar Singh Chamkila’ trailer: Diljit Dosanjh plays the slain Punjabi singer in Imtiaz Ali’s biopic
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Premiere date announced for Sanjay Leela Bhansali’s ‘Heeramandi’
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‘The Goat Life’ review: A protracted saga of suffering and survival
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The secret ingredient of Pratik Gandhi’s success: ‘Salt to taste’
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‘Bade Miyan Chote Miyan’ trailer: Akshay Kumar and Tiger Shroff team up for action thriller
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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
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Why Citibank joined a line of foreign banks leaving India
A pioneer in the country’s credit cards space, Citi saw its outstanding credit cards decline from 26 lakh a year ago to 25 lakh by the end of February.
Mimansa Verma, qz.com
The Field
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IPL 2024: Riyan Parag, bowlers set up win for Rajasthan Royals against Delhi Capitals
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IPL 2024: KKR bring in Allah Ghazanfar as replacement player; RR rope in Keshav Maharaj
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Athletics: Neeraj Chopra to open his 2024 season at Doha Diamond League in May
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Badminton, Spain Masters Super 300: PV Sindhu wins opening match; Indian men’s singles campaign ends
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Captain’s log: The Indian Premier League has become a grooming ground for new captains