Industry
RBI Denies Taking Action Against Cancelling Axis Bank’s Licence
Amid rumours that India's third biggest private sector lender- Axis Bank could lose its licence over alleged money laundering activities...
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3-Day Bank Holidays Add To People’s Cash Woes
Mumbai: As the banks remained shut for the third consecutive day on Monday and many ATMs continued to run dry,...
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Demonetisation: RBI Seeks Details Of Fake Currency From Banks
Mumbai: To ascertain the amount of counterfeit currency, the Reserve Bank has asked all banks to send details of all...
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Banks Receive Rs 12.44 Lakh Crore Of Old, Invalid Notes So Far, Says RBI
Mumbai: Banks have taken back Rs 12.44 lakh crore ($184.24 billion) of high-value currency that the government abruptly abolished last...
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No Regulatory Obstacles For NRIs Depositing Banned Notes: Bank Of England
London: In a relief to British Indians and NRIs, the Bank of England has said that it does not foresee...
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Suspicious Deals: Axis Bank Suspends 24 Employees, 50 Accounts
The raid was conducted at an Axis Bank branch situated in Noida Sector 51. Mumbai: In the wake of disclosure...
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RBI Imposes Restrictions On Withdrawal From Certain Bank Accounts
Mumbai: Tightening the noose around people who misused banking channels to park unaccounted money, the Reserve Bank on Thursday imposed...
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Loans Against Property Pose Increasing Risks: Moody’s
New Delhi: Moody's Investors Service on Friday said the overall asset profile of property retail loan portfolio of banks is...
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RBI Lowers Merchant Discount Rate For Small Debit Card Transactions
Mumbai: To encourage digital transactions, the Reserve Bank today decided to slash MDR charges on payments made through debit cards...
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