Reserve Bank of India (RBI) News & Updates

[Sushubh]

RBI Imposes Rs8.50 Lakh Penalty on 4 Cooperative Banks

Reserve Bank of India (RBI) has imposed monetary penalties on four cooperative banks citing the violation of different laws prescribed by the regulator. Of these, two banks are from Maharashtra, while others belong to Gujarat, Jammu and Kashmir (J&K). RBI has levied a fine of Rs4 lakh, the...

www.moneylife.in

 

[Sushubh]

RBI to banks: Give property papers back within 30 days of loan closure

In case of delay, the lenders will have to compensate the borrowers by paying Rs 5,000 for each day of delay, the RBI said. The directions, released as part of responsible lending conduct, will be applicable to all cases where release of original property documents is due on or after December 1...

indianexpress.com

 

[Sushubh]

RBI allowing banks to arbitrarily charge very high rate of interest: Allahabad High Court

The Allahabad High Court recently observed that despite guidelines issued by the Reserve Bank of India (RBI), banks are permitted to impose arbitrarily high int

www.barandbench.com

 

[Sushubh]

Lol

Juice jacking: RBI issues warning against charging mobile phones using public ports

RBI warns against juice jacking cyberattack on public USB ports, advises using personal chargers for device security.

www.thehindubusinessline.com

 

[Sushubh]

Cash deposit facility in banks through use of UPI soon: RBI

Mumbai, Apr 5 (PTI) In a major decision, the Reserve Bank on Friday said it will soon facilitate cash deposit facility in banks through use of the popular UPI, an instant real-time payment system for inter-bank transactions through mobile phones.

www.deccanherald.com