Reserve Bank of India

RBI imposes Rs 36 lakh fine on Central Bank of India for violating customer protection norms

Photo source: PTI RBI fines Central Bank of India Rs 36 lakh for violating consumer protection rules Highlights On Friday, the Reserve Bank said it had imposed a fine of Rs 36 lakh on the Central Bank of India. The RBI, by an order dated April 18, 2022, imposed a financial penalty. The penalty was …

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Card-less cash withdrawal facility across all banks’ ATM network soon: RBI

Photo source: PTI (file) Soon cardless cash withdrawal facility across ATM network of all banks: RBI Highlights The facility is proposed to be made available through Unified Payment Interface Such transactions will be settled through the ATM network To prevent fraud, the Reserve Bank on Friday decided to allow all banks to withdraw cardless cash …

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RBI stops Paytm Payments bank from onboarding new customers, orders IT audit

Photo source: PTI The move is based on some of the material supervision concerns observed in the bank. The Reserve Bank of India (RBI) on Friday restrained Paytm Payments Bank from onboarding any new customers. In an official release, the RBI has directed the bank to appoint an audit firm to conduct a comprehensive system …

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