Reserve Bank of India
RBI proposes extra authentication for first-time online card use
RBI proposes extra authentication for first-time online card use
Card issuers are mandated to validate the additional factor authentication.
India’s postponed LCR rules a win for banks’ margins, loan growth
The rules require banks to shore up more liquidity on retail deposits.
Overall loan demand in India to “moderate” in Jan-Mar 2025: survey
Terms and conditions for the mining sector are expected to become stricter.
RBI supersedes board of Aviom India Housing Finance
Punjab National Bank’s ex-CGM Shri Ram Kumar appointed as administrator.
India allows foreigners living overseas to open rupee accounts
This is provided they use the accounts for transactions with a resident of India.
RBI names 15 NBFCs to upper layer
They are subject to enhanced regulatory requirements for a 5-year period.
India names new advisory committee members for bank applications
RBI former deputy governor Shri M. K. Jain will serve as chairperson.
Reserve Bank of India lifts restrictions on Asirvad Micro Finance, DMI Finance
It issued a cease and desist order from loan sanctioning in October 2024.
Reserve Bank of India raises offline payment limits
The cap for transactions increased to $11.81 from $5.90.
India’s Navi Finserv now allowed to sanction, disburse loans
The central bank said that it is satisfied with Navi Finserv’s revamped processes and systems.
Indian banks told to bring down number of inoperative, frozen accounts
Many of these result from banks’ backlog in their period verification of bank accounts.
Three Indian banks penalized for lending violations
Two banks sanctioned loans to its directors, the RBI stated in separate notices.
India, Maldives ink deal to promote local currencies for cross-border trade
Both countries aim to reduce costs and expedite settlement times for transactions.
India’s central bank warns against deepfake videos involving governor
The videos claim that its governor supports investment schemes.
India urges banks to review digital payment access for disabled users
They must submit a plan of action for any modification within a month’s time.
India and Maldives ink currency swap agreement
The agreement is valid until June 2027.
RBI deputy governor calls for enhanced financing access for Indian farmers
Shri Swaminathan Janakiraman suggested five solutions to address financing issues.
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