Banking And Finance
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RBI bans Kotak Mahindra Bank from adding new customers through online banking, issuing credit cards
The central bank said it had found deficiencies in the private bank’s information technology system.
Scroll Staff
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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
Trending
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What Sudhir Kakar (1938-2024) had to say on violence, secularism, and religion in India
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‘Supporter of BJP met me’: Surat candidates on the various reasons they withdrew from the election
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For better or for worse? Shifts in gender norms in India – in 12 charts
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Microcontrollers in EVMs, VVPATs do not recognise party and candidate, observes Supreme Court
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CAA is a letdown, but Bengali Hindus in Assam are unlikely to ditch BJP
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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
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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
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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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
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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
The Reel
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In ‘Tahader Katha’, the many partitions endured by a freedom fighter
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Watch: Ryan Reynolds and Hugh Jackman in ‘Deadpool & Wolverine’ trailer
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Start the week with a film: A legend returns in ‘Bob Marley: One Love’
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In Cannes-bound ‘In Retreat’, a Ladakh that has rarely been seen before
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‘Trap’ trailer: M Night Shyamalan’s thriller stars Josh Hartnett as a serial killer
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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
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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
The Field
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IPL 2024: Delhi Capitals hold their nerve to beat Gujarat Titans in a high-scoring thriller
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Boxing: Preeti to headline India’s 50-member squad for Asian U-22 & Youth Boxing Championship
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Watch, highlights ISL 2023-24: Odisha FC beat Mohun Bagan Super Giant in first leg of semi-final
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Archery, World Cup Stage I: Indian men’s and women’s compound teams through to finals
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ISL 2023-24: How first-time head coach Petr Kratky helped Mumbai City FC pick up the pieces