Reserve Bank Of India Rbi

10 things to know about Reserve Bank of India's Integrated Ombudsman Scheme

The scheme aims to provide a simple and effective way for customers of various financial services to resolve their complaints. It was launched by Prime Minister Narendra Modi on 12 November, 2021

RBI imposes penalty on 14 banks for contravention of regulatory norms

Rs 1 crore penalty has been imposed each on SBI, Bank of Maharashtra, Central Bank of India, and Punjab and Sind Bank, among others

Only loan accounts without default as of 1 March can apply for restructuring, clarifies RBI

The Indian central bank also clarified that all farm credit exposures, including from NBFCs, can be recast under the pandemic-related resolution framework issued in August, but loans to allied activities are excluded

Electoral bonds a 'political bribery scheme', govt must disclose all details before Parliament, says Congress

The Congress demanded on Wednesday that the government must disclose all details about electoral bonds before Parliament, alleging that the scheme resulted in money laundering and destroyed transparency in the funding of political parties

PMC Bank scam: Depositors continue protest seeking payback; police detains three agitators

Depositors of the PMC Bank on Wednesday protested in the financial capital, seeking an immediate payback of their dues from the troubled cooperative

PMC Bank scam: Depositors continue with their protests by agitating outside RBI office, seek payback of stuck money

Harried depositors of the troubled Punjab and Maharashtra Cooperative (PMC) Bank continued with their protests by agitating outside an office of the Reserve Bank here on Tuesday, to demand a payback of their stuck money

ATM cash crunch LATEST updates: Govt meets PSBs, says most ATMS will be operational within 24hrs

Several parts of Andhra, Telangana, Madhya Pradesh, Bihar, Uttar Pradesh, Punjab and Chhattisgarh and poll-bound Karnataka have been reporting cash shortages at ATMs.

Rot in PSBs Part 3: Nirav Modi scam shows it's time Parliament reexamined banking laws, brought in transparency

Transparency and information systems of the RBI need to be overhauled

Sharia banking: RBI proposes opening 'Islamic window' in banks

The Reserve Bank of India (RBI) has proposed opening of "Islamic window" in conventional banks for "gradual" introduction of Sharia-compliant or interest-free banking in the country.