Tag results for: rbi american express
The RBI revoked the licences of 5 banks, which is bad news for bank consumers
Once the Reserve Bank of India (RBI) has revoked the licence of another bank for failing to follow the guidelines. This time, the RBI has revoked the cooperative bank...
A person can now only have this number of accounts RBI issued new rule!
All people have bank accounts in the modern era. People are frequently observed to have multiple bank accounts. If you have many bank accounts, this is significant information for...
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...
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....