No minimum balance charges on ‘inoperative A/cs’: RBI
The RBI has said that banks cannot impose a penalty for not maintaining minimum balance on accounts that are inoperative
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Patra reappointed as RBI DeputyGovernor for 1 year
Michael Patra has been reappointed as RBI governor for one year. He was initially appointed in January 2020 for a
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C S Rajan to be part-time chief of Kotak Mahindra Bank
RBI has approved the appointment of C S Rajan as the part-time Chairman of Kotak Mahindra Bank for a period
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RBI cancels license of UP-based Urban Co-operative Bank
The RBI cancelled the licence of Urban Co-operative Bank Limited, Sitapur, Uttar Pradesh as the lender does not have adequate
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Five cooperative banks are hit with financial penalties by RBI.
On December 14, the Reserve Bank of India (RBI) announced that it has fined five cooperative banks for a variety
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RBI will provide banks with cloud services.
As part of its digital public infrastructure, the RBI will establish a cloud facility specifically for the financial industry. The
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RBI mandates that banks permit early closure of FDs up to Rs. 1crore.
According to the RBI, banks are required to permit early withdrawals on all term deposits up to a maximum of
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RBI to accept Rs. 2,000 notes by post.
The RBI has requested that anyone who is still in possession of Rs 2,000 in banknotes send them to its
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RBI imposes fine on two state-owned banks
The Reserve Bank said it has imposed penalties on three state-owned banks, including SBI and Indian Bank, for violation of
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RBI may allow borrower-bank deal to shed tag of wilful defaulter
An RBI circular that requires lenders to take a quick call on classifying wilful defaulters will also allow borrowers to
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