RBI bars Paytm Payments Bank from getting new customers

The central bank also told the payments bank to hire a firm to conduct an audit of its information technology system.

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· Mar 11, 2022 · 08:11 pm

Many Indian districts lack banking facilities despite high economic activity, says finance minister

Nirmala Sitharaman said the country needs at least four to five lenders like the State Bank of India to meet the requirements of the economy.

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· Sep 26, 2021 · 03:40 pm

From October, RBI to penalise banks if ATMs run out of cash for over 10 hours a month

Banks and non-banking entities operating the machines will have to pay a penalty of Rs 10,000 per ATM.

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· Aug 11, 2021 · 10:55 am

RBI allows banks to increase charges for ATM withdrawals

The new charges will be effective from January 1, 2022.

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· Jun 11, 2021 · 02:29 pm

Bank employees continue strike against privatisation, warn it may extend like farmers’ protest

All India Bank Officers Association General Secretary Sowmya Dutta said the Narendra Modi government’s policies will have an adverse effect on the economy.

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· Mar 16, 2021 · 11:05 am

Bank strike: Services affected after employees begin two-day protest against privatisation

Services such as cash withdrawals, deposits, cheque clearing and business transactions were impacted across the country.

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· Mar 15, 2021 · 10:30 am

RBI governor asks banks to remain vigilant, strengthen lending capacity

Shaktikanta Das held a two-day meeting on December 22 and 23, with managing directors and chief executive officers of various banks.

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· Dec 23, 2020 · 09:50 pm

RBI asks HDFC Bank to stop sourcing new credit cards, halt digital launches amid technical glitches

The RBI also asked the HDFC Bank board to examine the technical lapses in its operating systems and fix accountability.

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· Dec 03, 2020 · 12:59 pm

Cabinet approves Lakshmi Vilas Bank merger with DBS Bank, lifts restrictions on withdrawals

The private bank was put under a one-month moratorium by the Reserve Bank of India on November 17.

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· Nov 25, 2020 · 04:25 pm

‘Centre misusing RBI to push its agenda,’ says P Chidambaram on plan to allow corporates in banking

The Congress leader said the proposal would undo the efforts made in the last 50 years to free the banking sector from the control of business houses.

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· Nov 25, 2020 · 10:52 am

Raghuram Rajan criticises RBI’s plan to allow corporates in banking sector

Rajan and former RBI Deputy Governor Viral Acharya pointed out that the central bank made the proposal despite expert advice against it.

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· Nov 24, 2020 · 11:59 am

Despite no impact on income, many Indian borrowers chose to halt loan repayments

The moratorium scheme was part of a Covid-19 relief package aimed at reducing the financial burden on Indian households.

Prathamesh Mulye, Qz.com

· Oct 04, 2020 · 07:30 pm