Banking & Finance Fino Payments Bank eyes SFB license for sustainability and growth Banking & Finance
RBI asks UPI watchdog NPCI to examine Paytm’s third party app provider request – Here’s what it means for app users
55% of digital banking frauds detected in India were third-party account takeover frauds, says BioCatch
RBI plans to extensively use AI, ML to improve regulatory supervision The supervisory jurisdiction of the RBI extends over banks, urban cooperative banks (UCB), NBFCs, payment banks, small finance banks, local… By PTIUpdated: October 5, 2022 15:05 IST
Fitch affirms ‘BBB-‘ to SBI, Bank of Baroda It stems from BoB’s large market position as India’s third-largest state bank with over 6 per cent market share in… By PTIOctober 4, 2022 20:33 IST
State-run lenders may seek higher prudence for RRBs The RRBs have 283 million depositors and 26 million borrowers. About 30 of the 43 RRBs collectively earned a net… By Banikinkar PattanayakOctober 4, 2022 06:25 IST
Regional rural banks with Rs 300-cr networth to be allowed to list Currently, the country has 43 RRBs that are backed by 12 state-run banks (sponsor banks). Usually, the central government holds… By FE BureauOctober 3, 2022 04:00 IST
Govt issues draft guidelines for listing of RRBs; minimum net worth of Rs 300 cr required They should also have capital adequacy above the regulatory minimum level of 9 per cent in each of the preceding… By PTIOctober 2, 2022 11:46 IST
More banks raise MCLR, deposit rates post RBI policy However, with a rising interest rate and higher credit growth cycle, banks are also increasing their deposit rates, which is… By FE BureauOctober 2, 2022 06:15 IST
UPI transactions up over 3 pc at 678 crore in September UPI is becoming a preferred mode among users and it is simple to use, fast and a secure payment method. By Shriparna SahaOctober 1, 2022 13:49 IST
Info disclosure: SC agrees to consider banks’ pleas The top court said the banks were not parties to the 2015 judgment and their applications for recall of the… By Indu BhanOctober 1, 2022 07:21 IST
RBI mulls provisioning norms based on expected loss for banks “As a further step towards converging with globally accepted prudential norms, it is proposed to adopt the expected loss approach… By FE BureauOctober 1, 2022 05:15 IST
RBI: Won’t extend card tokenisation deadline “We don’t believe we should hold back efforts to ensure customer protection, because of such laggards. Eventually, they might take… By Shashank DidmisheOctober 1, 2022 03:45 IST
RBI categorises 16 large financial entities as upper-layer NBFCs The upper layer comprises those NBFCs, which are specifically identified by the Reserve Bank as warranting enhanced regulatory requirements based… By PTISeptember 30, 2022 20:35 IST
System ready for tokenisation as 35 cr cards tokenised: RBI Tokenisation entails replacing credit and debit card details with an alternate code called the “token” to improve security and RBI… By PTISeptember 30, 2022 16:16 IST
Outsourcing of loan recovery not stopped but expect entities to be on right side of law: RBI Refering to the action taken against Mahindra Finance, RBI Deputy Governor M K Jain told reporters that it is not… By PTISeptember 30, 2022 15:37 IST
Offline payment aggregators to be under same regulations as online players, RBI Guv Shaktikanta Das says The announcement by the RBI mentioned the importance of the role of payment aggregators in establishing a healthy payment ecosystem.… By Lalit KumarUpdated: September 30, 2022 14:59 IST
RBI mulling to adopt “expected loss” approach for banks’ loan provisioning Das called the proposed transition a “more prudent and forward looking approach”, and said that a discussion paper will be… By PTIUpdated: September 30, 2022 12:45 IST
TVS Credit sees loan disbursals growth in festive season, rolls out offers and rewards TVS Credit is seeing strong momentum for its loan offerings as the country heads into the festive season. It has… By FE BureauSeptember 30, 2022 01:30 IST
PNB to exit ARCIL via 10.1% stake sale The sale process of PNB stake in Asset Reconstruction (ARCIL) is subject to the approval of the RBI, and when… By FE BureauSeptember 30, 2022 01:00 IST
Merger between LIC Mutual Fund and IDBI MF in advanced stage, says LIC Mutual Fund MD Meanwhile, Ramakrishnan said the fund house is targeting to be among the top 10 by AUM (Assets Under Management) in… By PTISeptember 29, 2022 18:53 IST
