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RBI’s Auto-Debit Rule: Customers will now be able to decide and fix the amount for recurring transactions.

Business DellyRanks - October 4, 2021 0

From October 1 onwards, all kinds of recurring or repetitive payments, especially made through credit and debit cards and which are of value of ₹ 5,000...

Auto-Debit Rules starts from today: Here are five things that you should know about this new rule.

Business DellyRanks - October 1, 2021 0

To bolster the safety and security of card transactions, the Reserve Bank of India (RBI) mandated new auto-debit rules kick in from Friday. RBI's...

RBI imposed ₹2 crore monetary penalty on RBL Bank Limited for deficiencies in regulatory compliance.

Business DellyRanks - September 28, 2021 0

The Reserve Bank of India (RBI) on Monday imposed ₹2 crore monetary penalty on RBL Bank Limited for breaching deposit, board composition norms. “This action is...

New Auto-Debit Rules: How your payments will change from October.

Business DellyRanks - September 27, 2021 0

Those who use auto-debit facility to pay recurring bills or EMIs from their bank accounts may have to process some of these transactions manually...

Bank Holidays October 2021: Banks to remain closed for 21 days. Complete list here

News DellyRanks - September 26, 2021 0

According to the Reserve Bank of India's (RBI) list of official bank holidays for the month of October, banks will be closed for a...

Loan Transfer Rules: RBI issues a Master Direction on loan transfer.

Business DellyRanks - September 25, 2021 0

The Reserve Bank of India (RBI) issued a Master Direction on loan transfer on Friday. This new mandate put into play the requirement of banks and other lending entities to...

DICGC released a list of 21 banks whose account holders will likely get up to Rs 5 lakh. Details Inside

Business DellyRanks - September 23, 2021 0

Deposit Insurance and Credit Guarantee Corporation (DICGC) on September 21 announced it shall pay the depositors of the insured banks placed under the all-inclusive...

RBI warns of KYC fraud. Here’s what you should do.

News DellyRanks - September 14, 2021 0

The Reserve Bank of India (RBI) today cautioned people against frauds being conducted in the name of KYC updation. In a statement, the RBI said...

Only card firms, banks to keep card details, others must purge data: RBI

Business DellyRanks - September 8, 2021 0

The Reserve Bank of India (RBI) on Tuesday refused to extend its deadline for card tokenisation beyond the agreed January 1, 2022 date, scrapping...

RBI imposed a monetary penalty on Axis Bank for violation of rules.

Business DellyRanks - September 2, 2021 0

The Reserve Bank of India (RBI) on 1 September of rupees twenty five lakh on Axis Bank for violation of rules, the central bank said...

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