Tag results for: michael patra
After HDFC & HSBC, the RBI issued a penalty on this big bank, is your account with them?
The Reserve Bank of India (RBI) is still taking legal action against banks and NBFCs that break the regulations and annoy their clients. The RBI had severe measures against...
RTGS & NEFT are no longer in use! RBI introduced t new payment system
The Reserve Bank of India (RBI) is working to create a lightweight, portable payment system. During natural disasters and situations resembling war, this payment mechanism might be used for...
There is big news, if you also pay with a credit card, RBI has made a new rule!
The Reserve Bank's Liberalised Remittance Scheme (LRS) now covers expenses incurred in foreign currency through payments made with international credit card. The Finance Ministry announced on Tuesday that expenses...
RBI has fined this bank of 2crore, what will be the effect on account holders
The Reserve Bank of India (RBI) has occasionally issued penalties for rule violations against numerous banks and NBFCs. The RBI has fined HSBC Bank Rs. 1.73 crore for breaking...
RBI canceled this bank’s license customers were unable to withdraw money
The RBI provides several directives to the involved banks. Banks are subject to penalties if they fail to follow these rules. The Central Bank recently revoked a bank's licence....
RBI took a major action against this financial company
Several times when the banks were alleged to have committed irregularities, the Reserve Bank of India took action. After taking stern action, the RBI has suspended Rhino Finance Pvt....