RBI supersedes board of Anil Ambani’s Reliance Capital, to start bankruptcy proceedings

The central bank said the company has not been able to meet payment obligations to its creditors and address other ‘serious governance concerns’.

Scroll Staff

· Nov 29, 2021 · 08:39 pm

For India’s finance industry, there seems to be no end to the bad loan problem

Between April and June, many borrowers could not repay banks as the country’s second-wave of Covid-19 dented businesses and jobs.

Mimansa Verma, qz.com

· Aug 27, 2021 · 11:30 pm

At the Jackson Hole meet of central bankers, Covid-19’s impact may not be the biggest concern

Instead, they are likely to be taking on resurgent inflation, asset and property bubbles and the urgent action needed to halt climate change.

Alan Shipman, The Conversation

· Aug 27, 2021 · 07:30 pm

RBI’s ban on Mastercard could be a win for Indian government’s own payment systems

The US-based Mastercard had not complied with data storage rules from 2018 that require foreign card networks to store Indian payments data within the country.

Mimansa Verma, qz.com

· Jul 17, 2021 · 01:30 pm

Why Facebook, Google and Amazon want to build online payments platforms for India

The success that UPI has tasted since its inception in April 2016 has caught the attention of tech giants.

Prathamesh Mulye, Qz.com

· May 25, 2021 · 07:30 pm

Citigroup to exit retail banking business in India, 12 other countries

The company plans to focus on wealth management.

Scroll Staff

· Apr 15, 2021 · 11:09 pm

This year will be a litmus test for India’s banking system. Here’s why

According to credit ratings agency S&P Global, Indian banks’ share of bad loans is expected to shoot up to 11% by March from 7.6% in September 2020.

Prathamesh Mulye, Qz.com

· Jan 11, 2021 · 01:30 pm

Can the crypto industry ever be regulated in the era of decentralised finance?

The system – known as DeFi – allows people to engage in financial services such as borrowing, lending and investing without intermediaries such as banks.

Iwa Salami, The Conversation

· Dec 29, 2020 · 11:30 pm

RBI’s new cheque payment rules set to kick in from January; Here’s all you need to know

The RBI rolled out a ‘Positive Pay System’ a couple of months ago under which those making payments of over Rs 50,000 will need to reconfirm key details

Scroll Staff

· Dec 14, 2020 · 01:19 pm

RTGS money transfer facility to be operational round the clock from today

The transfer facility for amounts of Rs 2 lakh and above was earlier available between 7 am and 6 pm on all banking days.

Scroll Staff

· Dec 14, 2020 · 10:41 am

Centre puts Lakshmi Vilas Bank under moratorium till December 16, withdrawals capped at Rs 25,000

The RBI has also superseded the board of directors of the bank for the moratorium period and appointed TN Manoharan as the administrator.

Scroll Staff

· Nov 17, 2020 · 08:14 pm

‘No increase in service charges in any public sector bank,’ says finance ministry

Bank of Baroda, which had revised its norms on free deposits and withdrawals, reversed its decision on Tuesday.

Scroll Staff

· Nov 03, 2020 · 06:27 pm