The funds obtained from these unlawful activities were directed and passed through bank accounts these organizations kept with Paytm Payments Bank Ltd. Paytm Payments Bank was instructed by the RBI on January 31 to cease taking deposits or top-ups in any customer accounts, wallets, FASTags, and ...
The deposits remaining unclaimed for 10 years in a bank are transferred to the “Depositor Education and Awareness” (DEA) Fund maintained by the Reserve Bank of India. Depositors’ protection being an overarching objective, RBI has been taking various measures to ensure that newer deposits do not...
According to the most recent RBI data, bank credit growth (y-o-y) slowed to 12.6% in September from 15% in June 2024. According to the most recent RBI data, deposits increased 11.7% year over year. Certificate of deposit (CD) issuances increased 57% year over year to ₹6.01 lakh cr...
If the RBI-appointed administrator is brought in, the report says, it would be to ensure that any deposit claims made thereafter is repaid to the depositors in a satisfcatory manner. The Financial Intelligence Unit had earlier slapped a penalty of INR 5.49 crore on the bank for violating ant...
RBI Assistant The Reserve Bank of India invites applications from eligible candidates for 950 posts of “Assistant” - 2021 in various offices of the Bank. Selection for the post will be through a country-wide competitive examination in two phases i.e. P
This idea was later taken up by multilateral organisations such as theWorld Bank. What’s Dead About Rural Capital? A cursory glance through Government data doesn’t really suggest a lack of credit in rural India. TheAll-India Survey on Debt and Investmentin 2019 showed that rural households ...
By Anup Roy
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A single platform to Sell or Buy NBFC Companies or Bombay Stock Exchange Listed companies and other Businesses for Sale
Indian banks need to improve their systems and processes to identify early any stress on the quality of their loans, the Reserve Bank of India (RBI) said. "Asset quality of banks is one of the most important indicators of their financial health. However, it has been obs...