Category: RBI–Banks

lipped from: https://www.thehindubusinessline.com/economy/volume-of-complaints-under-ombudsman-schemes-up/article38256040.ece The 22 Offices of Banking Ombudsman got 2,73,204 complaints against last year’s 3,08,630 complaints The volume of complaints received under the Ombudsman Schemes

Clipped from: https://www.thehindubusinessline.com/opinion/its-time-savers-got-their-due/article38255802.ece Savers earn a negative real rate of return. If low policy rates are here to stay, the Budget should step in with tax

Clipped from: https://www.thehindubusinessline.com/money-and-banking/there-is-a-strong-need-and-role-for-digital-currency-sanjiv-bajaj/article38238627.ece Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv Ltd Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv Ltd× Bajaj Finserv CMD red flags

Clipped from: https://www.thehindubusinessline.com/opinion/banks-must-hit-a-pause-on-retail-loans/article38239064.ece Recent trends show that excessive reliance on personal loans as risk diversifier and income generator does not bode well Both the Report on Trend

Clipped from: https://www.financialexpress.com/opinion/more-than-a-token-step/2404162/ Tokenisation will make online transactions using cards secure, while maintaining the ‘seamlessness’ of digital payments The last four digits of the tokenised card

Clipped from: https://www.financialexpress.com/opinion/why-nbfcs-need-icaap/2402035/ Regulatory concerns on capital assessment and risk management need to be addressed It is quite clear that Middle Layer and Upper Layer NBFCs’

Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/protect-bankers-from-arbitrary-witch-hunt/articleshow/88818259.cmsSynopsis A change in the banks’ holding structure giving them functional autonomy, accompanied by accountability, is a reform overdue. The Central Vigilance Commission‘s (CVC) reported

lipped from: https://www.business-standard.com/article/opinion/the-inside-story-of-rbl-bank-122010900893_1.html This is no Yes Bank. It’s not fraught with fraud. It’s a story of limitless ambition and greed for growth. The leader had

Clipped from: https://economictimes.indiatimes.com/wealth/save/hdfc-bank-revises-fee-on-one-of-its-most-used-service-with-effect-from-jan-1/articleshow/88752331.cmsSynopsis HDFC Bank customers can use the bank’s InstaAlerts service to keep track of all their financial and non-financial transactions that are sent to

Clipped from: https://www.scconline.com/blog/post/2021/12/22/bank-not-a-trustee-of-money-deposited-by-customers-supreme-court-holds-the-relationship-between-customer-and-bank-is-one-of-a-creditor-and-a-debtor-and-not-of-a-trustee/ Supreme Court: The 3-Judge Bench of N.V. Ramana, CJ., Surya Kant* and Hima Kohli, JJ., held that the Bank is not the trustee of the money

Clipped from: https://www.thehindubusinessline.com/money-and-banking/npci-sets-standardised-limits-for-cash-withdrawals-and-mini-statements-on-aeps-transactions/article38171289.ece Customer friendly move, say players In what could make transactions through Aadhaar enabled Payments Systems more standardised and help customers, the National Payments