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RBI levies penalties on Banks

BE/RBINOTE/13/2019 Reserve Bank of India, the Central Bank of the country has slapped penalties on seven commercial banks for not adhering to regulatory directions related to Global messaging platform SWIFT. The banks are: Private Sector Banks: ICICI Bank                      ..   Rs. 1 Crore Yes Bank                          ..  

RBI levies penalties on Banks

BE/RBINOTE/13/2019 Reserve Bank of India, the Central Bank of the country has slapped penalties on seven commercial banks for not adhering to regulatory directions related to Global messaging platform SWIFT. The banks are: Private Sector Banks: ICICI Bank                      ..   Rs. 1 Crore Yes Bank                          ..  

External Benchmarking of Loans

BE/RBI NOTE/11/2019 With a view to bring improvement in monetary transmission, an internal study group of RBI recommended that all new floating rates either personal or retails (like Housing, Auto etc.,) and also loans extended to Micro and Small Enterprises released by banks w.e.f 1st April 2019 shall compulsorily be bench marked to one of

External Benchmarking of Loans

BE/RBI NOTE/11/2019 With a view to bring improvement in monetary transmission, an internal study group of RBI recommended that all new floating rates either personal or retails (like Housing, Auto etc.,) and also loans extended to Micro and Small Enterprises released by banks w.e.f 1st April 2019 shall compulsorily be bench marked to one of

Frauds on UPI Platforms: RBI warns

BE/RBI NOTE/10/2019 Digital Banking fraud has becoming a serious menace these days.  RBI warns banks of these frauds.  RBI adds to say that the Digital banking fraud can wipe out a customer’s bank balance by committing frauds by using Universal Payments Interface (UPI).  How does it operate? Fraudsters make the victims download an app called

Frauds on UPI Platforms: RBI warns

BE/RBI NOTE/10/2019 Digital Banking fraud has becoming a serious menace these days.  RBI warns banks of these frauds.  RBI adds to say that the Digital banking fraud can wipe out a customer’s bank balance by committing frauds by using Universal Payments Interface (UPI).  How does it operate? Fraudsters make the victims download an app called

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