On instructions from Finance Minister Pranab Mukherjee, the Intelligence Bureau has taken up the task of identifying sudden quantum jump in the foreign money flowing in the country through......
The Commission concluded that bank officials had evidently been negligent in failing to compare the signature prior to making payment, notes Jehangir B Gai. Illustration: Dominic Xavier/Rediff.com......
Market participants do not expect any immediate impact on the rupee from the Reserve Bank of India’s (RBI’s) a “comprehensive” master direction aimed at strengthening the......
Reserve Bank has directed banks to provide their eligible customers with an option to choose from multiple card networks at the time of issuing credit or debit cards, a move which will benefit card......
A penalty of Rs 3 crore has been imposed on ICICI Bank Ltd for contravention of certain directions, the Reserve Bank of India said on Monday. The RBI has imposed a monetary penalty of Rs 3 crore......
As much as Rs 26,697 crore was lying in dormant accounts of banks, including cooperative banks, as on December 31, 2020, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday.......