The RBI has categorized these holidays under ‘Holiday under Negotiable Instruments Act’, ‘Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday’, and ‘Banks’ Closing of Accounts’.
Total income of SBI Card during the quarter rose to Rs 2,451 crore as against Rs 2,196 crore a year ago.
Central bank digital currency is the same as currency issued by a central bank but takes a different form than paper. It is sovereign currency in an electronic form and … Read More
The Reserve Bank of India (RBI) is working on a phased implementation strategy for its own digital currency and is in the process of launching it in wholesale and retail … Read More
He said the idea of Central Bank Digital Currency (CBDC) is ripe, and many central banks in the world are working towards it
Here are 5 big rule changes related to ATM card you must know.
In a regulatory filing made to the BSE, IDFC said that the RBI on July 20 clarified that “after the expiry of lock-in period of 5 years, IDFC Limited can … Read More
Banks in some states will be closed for five days starting today (July 17) due to regional or national festivals, including a Sunday off.
An RBI order earlier this week to ban Mastercard for non-compliance with data storage rules is said to hit revenues, payments, and the banking industry.
Mastercard, a major card issuing entity in the country, is the third company to have been barred by RBI from acquiring new customers after American Express Banking Corp and Diners … Read More