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RBI imposes Rs 4 crore penalty on Citibank. (AFP Photo)

RBI imposes Rs 4 crore penalty on Citibank

According to the RBI, this action is based on deficiencies in regulatory compliance

30 May 2020 10:22 AM IST

RBI may extend moratorium on repayment of loans for three more months. (PTI Photo)

RBI may extend moratorium on repayment of loans for three more months,...

In March, RBI had allowed a three-month moratorium on payment of all term loans due between 1 March, 2020 and 31 May,...

18 May 2020 2:46 PM IST

Kotak Mahindra Bank reports 4% decline in Q4 net profit to Rs 1,952 crore. (PTI Photo)

Kotak Mahindra Bank Q4 profit down 4% due to Covid19 related...

During the quarter, standalone profit also came down by 10% to Rs 1,267 crore as compared to Rs 1,408 crore in the same...

13 May 2020 3:33 PM IST

A few banks have also come up with lockdown offers for their customers. HDFC Bank offered discount on purchase of jewellery on Akshaya Tritya, Union Bank of India on purchase of medicine, and SBI on taking key lab tests.

Banks get on social media to brighten up the lockdown with customer...

HDFC started The Art Project to give customers a #BreakFromBoredom while PNB started a Mother's Day contest

10 May 2020 7:47 PM IST

The initiative aims to serve an estimated 1.7 billion people who lack access to digital financial services.

Google ties up with Gates Foundation on digital payments for the...

The open source software, Mojaloop, first established by Gates Foundation in 2017, is being tweaked for use by...

7 May 2020 2:03 PM IST

RBI may extend bank loan moratorium by another 3 months to help people, industry impacted by lockdown. (PTI Photo)

RBI may extend bank loan moratorium by another 3 months amid lockdown

RBI allowed banks and financial institutions to offer a moratorium of three months on payment of instalments of all term...

5 May 2020 2:18 PM IST

Vijay Mallya filed an application seeking leave to appeal in the UK Supreme Court. (PTI Photo)

Vijay Mallya files appeal in UK Supreme Court against extradition...

The dismissal of the High Court appeal last month marked a major turning point for the CBI and ED case against the...

5 May 2020 1:34 PM IST

Reserve Bank of India Governor Shaktikanta Das. (PTI Photo)

RBI reviews measures to ease financial stress

The governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period

3 May 2020 9:16 AM IST

Bank employee unions presses again for 5-day working week. (PTI Photo)

Bank employee unions demand 5-day working week, says COVID threat is...

The Indian Banks' Association in January rejected the proposal for a five-day working week but offered a 19 percent pay...

20 July 2020 9:57 AM IST

Though the digital divide in India is intense, he said, the digital ecosystem in India is still weak, especially in the rural areas. Representational Image/DC

Digital ecosystem in India still weak: Expert

Stressing the need for urgent regulatory attention, Bhoi said that risks are hidden in a highly digitalised world

30 July 2021 10:07 AM IST

The merger proposals in the banking sector would require a clearance from the Competition Commission of India, the ministry official said.

How AI and ML drives modern banking and finance

AI in banking probably means a robot like creature dispensing cash at the teller counter.

3 Dec 2018 2:46 PM IST

RBI governor Urjit Patel (Photo: PTI)

Issued Rs 4.27 lakh crore notes post notes ban: RBI

The RBI has also made arrangements for supply of adequate quantity of banknotes in various denominations to the public...

9 Dec 2016 10:13 AM IST