Tag results for: repo rate and reverse repo
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...
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...