The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on November …
Banks are freezing accounts for those receiving government funds i.e., Direct Benefit Transfer (DBT) funds such as subsidies, pensions, etc. due to lack of KYC. Delay in KYC Updates RBI found delays by banks in updating KYC, causing account freezes. RBI’s Advice RBI Deputy Governor urged …
The Reserve Bank of India (RBI) has added the following entities/platforms/websites to the Alert List of unauthorised forex trading platforms. The updated Alert List is available here. Sr. No Name Website 1 Ranger Capital https://www.rangercapital.net 2 TDFX https://www.tdfx.exchange 3 Inefex https://www.inefex.com/international 4 YorkerFX https://yorkermarkets.com 5 Growline https://grow-line.org …
The Reserve Bank of India, in exercise of its powers under Section 45L(1)(b) of the Reserve Bank of India Act, 1934, issued Directions to the following NBFCs to cease and desist from sanction and disbursal of loans, effective from close of business of October 21, 2024: …
Piramal Enterprises Ltd. (PEL) is conducting a CA fresher walk-in drive for openings in Internal Audit function for Piramal Finance business.Piramal Enterprises Ltd. (PEL) is a leading diversified Non-Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI), with presence across retail lending, wholesale lending, …
All Agency Banks to remain open for public on March 31, 2024 (Sunday) RBI/2023-24/137 DOR.SOG (LEG).REC/84/09.08.024/2023-24 March 20, 2024 All Agency Banks Madam / Dear Sir All Agency Banks to remain open for public on March 31, 2024 (Sunday) The Government of India has made a …
Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949 – Additional Steps The Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, had put certain business restrictions on Paytm Payments Bank, …
In a press conference on Thursday, the Reserve Bank of India (RBI) clarified that its recent directive concerns Paytm Payments Bank and not the Paytm app itself. This clarification comes in the wake of the RBI’s decision, announced after a meeting of its monetary policy committee …
The Reserve Bank of India (RBI) is deliberating on potential actions regarding Paytm Payments Bank (Paytm PB) following regulatory non-compliance issues. Financial services secretary Vivek Joshi has hinted at forthcoming clarifications from the RBI concerning the case, considering Paytm’s extensive user base and nationwide reach. Last …
Reserve Bank of India (RBI) has imposed restrictions on Paytm Payments Bank, prohibiting it from accepting deposits or top-ups in any customer account, including FASTags, after February 29, 2024. This regulatory measure follows a comprehensive system audit report and subsequent compliance validation report conducted by external …
