rbi

Deposits of all scheduled banks declined in the reporting fortnight ended August 23 even as their advances recorded a robust growth, indicating that the gap between their growth continues to be wide. Deposit growth of all scheduled banks has been lagging credit growth in the last few quarter...

Starting September 6, credit cardholders in India will have the flexibility to choose their preferred card network (Mastercard, RuPay, or Visa) when applying for a new credit card or renewing an existing one. This change is a result of the Reserve Bank of India's (RBI) guidelines aimed at...

My parents have a current account in Yes Bank, which they requested to close around 1.5 years ago. They surrendered the debit card and cheque book, and the branch employee said everything was good to go and that the account would be closed soon. However, after a few days, they noticed that the...

I don't have/had any account ending with 0808 in ICICI Bank. However strangely I received below SMS yesterday from ICICI. I only had a personal loan w/icici and my RM also confirmed it's not mine and ignore. Should I ignore or should get it checked? No response from customer care .Dear...

This month I applied for IDFC credit card and completed VKYC then next day home verification done then 3days office verification done but suddenly 4days got an email of application rejection, then I wrote an email to PNO desk and asked the reason of declination but don't disclosed the reason...

After 3 months of fight, today i received a compensation of Rs 5000 from SBI cards...My luck with SBI is always strong. In 2019, SBI bank paid me Rs 10000 compensation for wrong loan entry in my CIBIL account. Regarding SBI cards, my case in short is as follows 1. I applied for SBI simply click...

Reserve Bank of India (RBI) governor Shaktikanta Das on August 26 explained the features of the central bank’s project for a public tech platform for frictionless credit that he said will now be called Unified Lending Interface (ULI). “We propose to now call the tech platform for frictionless...

https://www.livemint.com/money/personal-finance/rbis-new-credit-reporting-rules-what-they-mean-for-your-spending-limit-and-credit-score-11723962088561.html Now seems bank needs to update credit score daily to cibil or experian

RBI Ombudsman Order SBICARDS to compensate Rs 5000 as they rejected someone's SBI Cashback credit card: Note - this info is shared by one twitter user - ProfessorCardz Now you know what to do if your card is being rejected Process as explained by OP and I quote: "1.Save All Emails: When I...

https://www.thehindu.com/business/rbi-clears-e-mandate-for-auto-replenishment-of-fastag-ncmc/article68555086.ece So finally its here! No more hassle of topping up FastTag!!

edited th h h

India P2P has temporarily halted withdrawals and new investments on its platform following new RBI guidelines on NBFC-P2P lending, issued on August 16. The company informed customers that bulk withdrawals will be limited in compliance with these rules. It reassured that no non-compliance has...

https://m.rbi.org.in//Scripts/BS_CircularIndexDisplay.aspx?Id=12721 RBI noted : 'It has been observed that some of these platforms have adopted certain practices which are violative of the said Directions. Such practices include, among others, violation of the prescribed funds transfer...

I had opened a savings account in Bandhan Bank (Rs 5000 AMB). I had opened it just to keep extra money there and to link it to my stockbroker. I opened it only after seeing on the NPCI website that it supports Aadhaar-OTP UPI registration. However, I was unable to register using the said method...

Hi TFians My father had taken a vehicle loan in 2007 and paid it off in few years. He had even obtained an NOC certificate and last payment date is in March 2013. However when I refreshed his CIBIL report today, the account still shows as active in CIBIL, though outstanding amount is 0. I have...

RBI allows two users to share one bank account for UPI payments | RBI increase UPI limit for Tax Payment from 1 Lakh to 5 Lakh: UPI Payments: The Reserve Bank of India rolled out a feature in August allowing delegated UPI payments. Primary users can approve transactions for secondary users...

RBI released a circular today to increase frequency of reporting. How will this impact us? The new rule says: Banks and lenders must share information with credit bureaus more often (every two weeks instead of every month). Credit bureaus must process this information faster. Banks and...

Recently, I have visited multiple different Bank, and they all have different different timing likes HDFC close at 3:30, BOB work till 4:30 Is there any rule regarding working hours for a branch or Bank And in practical life, do branch or Bank follow them or not? And as a aware customer, how...

I had paid 21k credit card payment through mobiwik but transaction got failed and money is also debited from my bank account. Now on complaining mobiwik they asked me to raise a complaint through in app " help" section, but even after doing so my complaint is not raising. Mailed them and got...

RBI join PROJECT NEXUS: Next-generation cross-border Instant payment: If you dnt know what's PROJECT NEXUS, Here are all the details - In over 70 countries today domestic payments reach their destination in seconds at near-zero cost to the Sender or Recipient. This is thanks to the growing...