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Paytm to start payments bank; Renu Satti to be CEO

Paytm Payments Bank Ltd (PPBL) has received the final licence from the RBI and would commence its operations on May 23.

17 May 2017 7:57 PM IST

Under the PMGKY after payment of tax, 25 per cent of the unaccounted money will have to be mandatorily parked with the government for 4 years as non-interest bearing deposit.

India added 91 lakh new taxpayers after note ban

Around Nov 8 last year, there were 5 crore taxpayers in country who now stand at 5.91 crore.

17 May 2017 11:07 AM IST

Paytm has updated its app to launch Indias first APP POS, which will democratise digital payments. (Photo: Representational Image)

Paytm to start payments bank operations from May 23

Payments banks can accept deposits from individuals and small businesses up to Rs 1 lakh per account.

17 May 2017 9:55 AM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Need surgery for NPA resolution, says bank officers' union

Govt issued an ordinance which empowers the RBI to ask banks to initiate insolvency proceedings to recover bad loans.

17 May 2017 9:37 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Follow CERT-In instructions on WannaCry: RBI to banks

CERT-In has listed out dos and don'ts and webcast on how to protect networks from ransomware attack.

15 May 2017 4:05 PM IST

The fact is that a cache of cyber weapons was said to have been stolen from the NSA by the same collective behind the WannaCry ransomware that created the biggest-ever extortion racket to hit the Internet.

IT Ministry contacts RBI, others against Wanna Cry

Wanna Cry ransomware has wrecked havoc across sectors like healthcare and telecoms in more than 100 countries.

15 May 2017 11:28 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI goes for security upgrade for note storage, transportation

As part part of remonetisation, the RBI (till March 3, 2017) had injected Rs 9.26 lakh crore into the system.

14 May 2017 1:50 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

A good move by RBI

Customers can breathe easy over being hit by embezzlement of accounts by cyberthieves who hack into banks or use cloning...

8 July 2017 5:35 AM IST

RBIs newly-appointed Deputy Governor and noted economist Viral Acharya

RBI mulls public credit registry to improve credit culture

Reporting of loan details to the PCR by lenders and/or borrowers is mandated by law.

7 July 2017 6:12 PM IST

All your credit card use reflects in your credit history which is shared by card and loan companies with credit rating agencies such as Cibil and Experian.

RBI's bid to protect consumers: here's your way to safe e-banking

Here is what you should know when you notice unauthorised transactions from your account.

7 July 2017 1:27 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Report bank fraud in 3 days, suffer no losses: RBI

RBI said revised directions are being issued amidst recent surge in customer grievances due to fraudulent transactions,

7 July 2017 10:06 AM IST

Reserve Bank Governor Urjit Patel

Banks won't bear loss due to negligence: RBI

Unauthorised transaction must be notified within 3 days.

7 July 2017 12:55 AM IST