The Reserve Bank of India (RBI) has barred private sector lender Kotak Mahindra Bank (KMB) from issuing fresh credit cards and onboarding new customers through its online and mobile banking channel citing supervisory concerns. Since this announcement, customers of Kotak
Banks in certain Indian cities will remain closed in India on Friday (April 26, 2024) as polling for the second phase of the Lok Sabha elections 2024 began across 88 Parliamentary Constituencies spread over 12 States and Union Territories at
The Reserve Bank of India (RBI) on Wednesday (April 24, 2024) barred private sector lender Kotak Mahindra Bank (KMB) from issuing fresh credit cards and onboarding new customers through its online and mobile banking channel citing supervisory concerns. The RBI’s
The Reserve Bank of India (RBI) on April 16, 2024, issued two draft directions on regulation of Payment Aggregators. With the introduction of new draft regulations, the RBI is apparently getting strict with payment aggregators (physical Point of Sale). As
Bank holiday for Lok Sabha Election 2024: Banks will remain closed in certain Indian cities on Friday (April 19) as the voting for first phase of Lok Sabha Election 2024 will start tomorrow. The election results will be declared on
Despite the Reserve Bank of India’s (RBI) pause button on policy rates since Feb 2023, lenders increased deposit rates by an average of 96 basis points (bps) through FY24, according to The Economic Times (ET) citing a State Bank of India (SBI) research report.
In a bid to ensure transparency, the Reserve Bank of India (RBI) has directed banks and non-banking financial companies (NBFCs) to provide individuals and businesses seeking loans key facts statement (KFS) regarding their loan agreements from October 1, 2024. A
The Indian housing market has once again defied odds, scaling new heights in the first quarter of the year despite the backdrop of rising mortgage rates and escalating prices. This growth, driven by robust demand and strategic supply from key
Banks in India will remain closed on Wednesday (April 17) on the occasion of Ram Navami. According to the RBI bank Holiday calendar, both public and private sector banks will remain closed on April 17, in observance of Ram Navami
Bank of Baroda raised its Marginal Cost Of Funds Based Lending Rate (MCLR) across four tenors by 5 basis points with effect from Friday i.e., April 12, 2024. The public sector lender hiked its MCLR even though the Reserve Bank
The Reserve Bank of India (RBI) has imposed restrictions on customers of Shirpur Merchants’ Co-operative Bank in Maharashtra, preventing them from withdrawing money from their accounts due to the bank’s deteriorating financial condition. After the RBI’s action, the bank’s customers
Eid Bank Holiday: Banks in some states will remain closed on Thursday (April 11) on account of Ramzan-Id (Eid-Ul-Fitr), according to the Reserve Bank of India (RBI) bank holiday list. Apart from regional and national holidays, both private and public
Expert insights, and industry updates to grow the financial health for your business.
