Banking In India
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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.
Scroll Staff
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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.
Scroll Staff
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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.
Scroll Staff
Trending
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Fact-checking five days of Narendra Modi’s speeches: A catalogue of lies
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Banana republic in the making?: A South Asian perspective on India from Kathmandu
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Uttarakhand restricts sale of land for agriculture as locals protest tourism infrastructure boom
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Expelled BJP Minority Morcha leader Usman Ghani arrested in Rajasthan
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By mixing Carnatic and Hindustani, Mysore’s kings helped create a unique body of music
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RBI allows banks to increase charges for ATM withdrawals
The new charges will be effective from January 1, 2022.
Scroll Staff
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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.
Scroll Staff
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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.
Scroll Staff
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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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.
Scroll Staff
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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.
Scroll Staff
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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.
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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‘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.
Scroll Staff
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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.
Scroll Staff
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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
The Field
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Badminton, Uber Cup 2024: Indian women’s team beat Singapore to inch closer to quarter-finals
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India tour of Bangladesh: Focus on T20 World Cup preparation after moving on from last year’s drama
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IPL 2024: Sanju Samson and Dhruv Jurel earn Rajasthan Royals easy win over Lucknow Super Giants
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Badminton, Thomas and Uber Cup 2024: Indian men beat Thailand in campaign opener; women beat Canada
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IPL 2024: Jake Fraser-McGurk’s whirlwind knock powers Delhi Capitals to win over Mumbai Indians