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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Readers’ comments: ‘Most Kerala Hindus are already lost’
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How the East India Company tried to use paintings to lionise Robert Clive – and failed
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For young readers: A new collection of 25 timeless tales about nature by Ruskin Bond
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Odisha train collision toll rises to 261, around 900 injured
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Arrested, acquitted: Jigna Vora recounts her trauma after being accused in journalist J Dey’s murder
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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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Eco India, Episode 226: We are producing much more than we can recycle. How can we change this?
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Watch: Devastating sandstorm sweeps across the Suez Canal in Egypt, causing death and closing ports
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Watch: Comedian mimics Bollywood celebrities explaining their absence from Cannes Film Festival
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Watch: Animal activist sit in cage to highlight the plight of confined birds
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Watch: Actor Vadivelu and AR Rahman perform the song ‘Raasa Kannu’ in Chennai
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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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‘Scoop’ review: A flat view of a highly irregular case of police overreach
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‘Zara Hatke Zara Bachke’ review: Duck-and-dive comedy is a hit-and-miss affair
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‘School of Lies’ review: An overloaded saga of secrets and trauma
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‘Mumbaikar’ review: A dated, draining exercise
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Review: In ‘Fire in the Mountains’, the enormous burden of womanhood
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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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French Open 2023: Yuki Bhambri and Saketh Myneni lose in second round to end Indian challenge
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Manchester City’s dominance: How Pep Guardiola has created a powerful identity for English champions
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Hockey, Women’s Junior Asia Cup: India begin campaign with emphatic 22-0 win over Uzbekistan
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Watch: Faith Kipyegon smashes women’s 1500m world record at Florence Diamond League
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WTC final: Ajinkya Rahane on his return to Test team – ‘The dream was still to play for India’