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

BE/RBI NOTE/09/2019   The Quarter ended December 31, 2018, saw a total loss of Rs. 11,605 crore of the Public Sector Banks.  The major contributions were from the following: SNo Bank name Loss incurred in Crores 1. Bank of India 4,737 2. IDBI Bank 4,815 The relative figure for the quarter ended September 2018 of

BE/RBI NOTE/08/2019 RBI in its MPC (Monetary Policy Committee) meeting cut benchmark lending rate by 0.25 percent which is now 6.25 percent. This was on the expectations of inflation staying within its target range. Also, this is a move that is likely to make the Home Loan and other Loans cheaper The Governor stood neutral

BE/RBI NOTE/07/2019 An Interest rate cut by Reserve Bank of India is expected to fast-track the country’s economic activity.  This, in turn, would bring more stability to the digital payments ecosystem and also make it more secure. RBI is expected to address the hopes of many industries, which include: Issues around merchant discount rates (fees