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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....
Big decision by RBI, only Rs 5000 can be withdrawn from an account
A significant decision involving banks has been made by the Reserve Bank of India (RBI Update on Banks). You will no longer be able to withdraw more than Rs...
RBI made a significant change, Updates to RTGS and NEFT!
The Reserve Bank of India (RBI) has introduced changes to NEFT as well as RTGS for transactions relating to Foreign Contribution Act. The RBI is taking this step in response...