[ad_1] Bharat Bandh: Amid ongoing farmer protests for laws on minimum support prices (MSPs) and agricultural reforms, the Samyukat Kisna and the Kisan Mazdoor Morcha have jointly called for a Bharat Bandh on February 16. According to a report by ET, the nationwide strike could affect many services. Let’s see …
Read More »Tag Archives: Reserve Bank Of India
RBI Asks Visa, Mastercard To Stop Card-Based Commercial Payments
[ad_1] Mumbai: The Reserve Bank has asked international payments major Visa and Mastercard to stop card-based commercial payments made by small and large businesses due to concerns over KYC compliance. While Visa has acknowledged to a communication to this effect from the regulator on February 8, a response from …
Read More »Paytm Advisory Panel: Compliance and Regulatory Matters | India Business News – Times of India
[ad_1] In response to recent regulatory challenges, Paytm announced on Friday the formation of an advisory committee focused on compliance and regulatory matters. This move comes after the Reserve Bank of India (RBI) mandated Paytm’s banking affiliate to cease a majority of its operations due to compliance issues.As per a …
Read More »Stable Repo Rates To Keep Residential Momentum Going Despite Global Headwinds: Experts
[ad_1] The Reserve Bank of India (RBI) has maintained the repo rates at 6.5 per cent for the sixth consecutive time. The repo rate signifies the interest rate at which the RBI provides loans to other banks. While home loan borrowers were hoping for a rate cut that would have …
Read More »RBI projects 7 pc growth for next financial year – Times of India
[ad_1] MUMBAI: The Reserve Bank of India on Thursday projected a GDP growth of 7 per cent for 2024-25 financial year, which is lower than the 7.3 per cent expansion estimated for the current fiscal. Announcing the bi-monthly monetary policy, RBI governor Shaktikanta Das said rural demand continues to gather …
Read More »Should You Worry If Your Bank Account Is Linked To Paytm? Read Here
[ad_1] The Reserve Bank of India today put stricter restrictions on the Paytm Payments Bank (PPB) and ordered that PPB cannot onboard new customers and cannot undertake further deposits or credit transactions after February 29 this year. While the RBI had barred the PPB from onboarding new customers in 2022, …
Read More »BREAKING: RBI Stops Paytm Payments Bank From Accepting Deposits After Feb 29
[ad_1] New Delhi: The Reserve Bank of India (RBI) has announced that starting from February 29, 2024, Paytm Payments Bank Ltd (PPBL) won’t be allowed to accept deposits or top-ups in customer accounts, prepaid instruments, wallets, FASTags, and more. Reason Behind RBI’s Action The RBI’s decision comes after a thorough examination …
Read More »RBIs Revised Instructions On Inoperative Accounts, Unclaimed Deposits in Banks To Be Effective From April 1
[ad_1] New Delhi: The Reserve Bank of India has said that credit balance in any deposit account maintained with banks, which have not been operated upon for ten years or more, or any amount remaining unclaimed for ten years or more are required to be transferred by banks to RBI’s …
Read More »Bank To Remain Closed On January 1, 2024? Check List Of Bank Holidays
[ad_1] New Delhi: As the calendar turns to 2024, banks across the country are set to observe a national holiday on Monday, January 1, for New Year celebrations. This means that both private and public sector banks will remain closed on this day. However, for those who rely on online banking …
Read More »RBI Imposes A Rs 2 Lakh Penalty On TDCC Bank For…
[ad_1] Examination of the inspection report and all the related correspondence revealed that the TDCC Bank had sanctioned a loan to one of its directors, the release said. [ad_2] Source link
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