RBI has cancelled the licence of Rupee Co-operative Bank Ltd, Pune, will be effective after six weeks (September 22, 2022). Reason: The bank is unable to pay its present depositors in full (capital inadequacy). It does not comply with the provisions ...

The Reserve Bank of India (RBI) proposed to allow non-resident Indians (NRIs) to make utility, education and other bill payments on behalf of their family members living in India. The payments will be processed through Bharat Bill Payment System’s (BBPS) cross-border inward bill ...

The RBI has launched a campaign to raise the awareness about the unclaimed deposits, with a focus on the eight states that have the maximum amount of unclaimed deposits. The unclaimed deposits in banks have increased to Rs 48,262 crore in FY22 from Rs 39,264 crore. Eight ...

HDFC Securities Ltd has partnered with Equitas SFB to provide demat accounts, and broking and investment services to its customers. Equitas Small Finance Bank will offer its customers 3-in-1 account, to access the services of HDFC Securities. With this partnership, Equitas ...

The Reserve Bank of India (RBI) has allowed Piramal Enterprises to start their non-banking finance company (NBFC) business without accepting public deposits. The RBI has grant license under Section 45 IA of the Reserve Bank of India Act, 1934. The license was ...

The Reserve Bank of India gave the go-ahead to Open, Cashfree Payments, PayNearby & Fairexpay, providers of payments and API banking solutions, for its cross-border payments offering. Cross-border payments are the focus of the Reserve Bank of India’s (RBI) announcement ...

Canara Bank has launched a new mobile banking app - Canara ai1, it is available in 11 languages to cater to multiple sections of the society in their preferred language. Features: Intuitive UI and UX with multiple themes and customised menus which can be ...

Standard Chartered Bank has launched a co-branded credit card with EaseMyTrip to offer exclusive travel benefits with instant discounts and reward points to cardmembers. This credit card offers flat 20% instant discount on domestic & international hotel bookings, ...

IndusInd Bank board has approved a proposal to raise up to Rs 20,000 crore in debt on a private placement basis to fund its business growth. As on March 31, the capital adequacy ratio of the bank stood at 18.42% (tier-I capital being at 16.80% and tier-II capital at ...

State Bank of India has launched its WhatsApp Banking services to make banking easier for its customers. Customers of the SBI can access their Account Balance and view Mini Statement on WhatsApp. This WhatsApp Banking services can available to customers when they send ...