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RBI Proposes to Increase the Limit of IMPS Transaction to INR...

The Reserve Bank of India proposed to increase the limit on Immediate Payment Service (IMPS) transactions to â‚ą 5 lakh per transaction from the...

RBI Approves Uday Kotak’s Re-Appointment as MD of Kotak Mahindra Bank

The Reserve Bank of India has approved the appointment of Uday Kotak as the managing director and chief executive officer of Kotak Mahindra Bank...

New Rule for Cheque Payments from January 1

The Reserve Bank of India (RBI) decided to introduce the 'positive pay system' for cheque a couple of months ago. Under the new rule re-confirmation of...

RBI Imposes Penalty on HDFC Bank

The Reserve Bank of India imposes a penalty of Rs.10 lakh on HDFC Bank  “The RBI has imposed a monetary penalty of ₹10...

Will Depositors of Lakshmi Vilas Bank Loose their Money?

The depositors of Lakshmi Vilas Bank are in a real panic as the Reserve Bank of India imposed a 30-day moratorium on...

Borrowers Should Be Considered Under Moratorium By Default : RBI

Amidst lot of speculations an discussions regarding the implementation of Moratorium for borrowers the Reserve Bank of India...

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Probe Ordered into a Video Showing a Student Cleaning Teacher’s Car...

An investigation has been ordered after a viral video showed a student allegedly cleaning a teacher's car in a primary school in...