Rbi Financial Services
- All
- News
- Videos
-
Jan Dhan Account Holders Can Complete Re-KYC Till September 30: RBI
RBI Governor Sanjay Malhotra announced on Wednesday that a large number of Pradhan Mantri Jan Dhan Yojana accounts have become due for re-KYC updates, as the government's flagship financial inclusion scheme completed 10 years.
-
How Much Will Home Loan EMI Drop After RBI's Repo Rate Cut
If you have a home loan, your EMI is set to reduce by over Rs 1,500 a month thanks to the Reserve Bank of India's latest move.
-
US Dollar Weakness Opens Door For RBI To Further Cut Repo Rates: Report
The weakness in the US dollar has created real room for the Reserve Bank of India (RBI) to lower interest rates further by up to 75 basis points (bps) by the end of calendar year 2025, as per a report by global financial services firm Jefferies.
-
Bank Holidays 2025: Is Your Bank Open Today? Check April's Holiday Schedule
Banks in most states will remain open on April 1, 2025, but some states will observe holidays due to annual account closing, festivals, and regional celebrations, affecting banking services except online banking.
-
RBI Imposes Rs 76.6 Lakh Penalty On Four Entities
The Reserve Bank on Friday said it has imposed Rs 76.6 lakh penalty on four non-banking financial companies for non-compliance with certain provisions of its directions related to 'peer-to-peer lending platform'.
-
Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
-
AI's Rise Could Threaten Financial Stability, Warns RBI Governor
The growing use of artificial intelligence and machine learning in financial services globally can lead to financial stability risks and warrants adequate risk mitigation practices by banks, the Governor of the Reserve Bank of India said on Monday.
-
AI Can Boost Digital Public Infra But Poses Challenges: RBI Chief
While the integration of AI into financial services brings significant opportunities for customers, banks and regulators, the cutting-edge technology also poses its own set of challenges such as data privacy concerns.
-
Banking Sector Witnessing A Decade-High Performance: RBI
As India aims to become the world's third largest economy soon, the banking sector is undergoing a decade-high performance in financial metrics, according to Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI).
-
Indian Economy, Financial System Remain Robust And Resilient, Says RBI
The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability.
-
Paytm Q4 FY24 Loss Widens To Rs 550 Crore After RBI Action Against Payments Bank
Digital payments firm Paytm posted a wider loss in the fiscal fourth quarter on Wednesday, hurt by weakness in its payments and financial services business after the central bank shut down its banking unit.
-
Jio Financial Denies It Is In Talks To Acquire Paytm's Wallet Business
Jio Financial Services Ltd has denied that it had not been in talks with Paytm to buy its wallet business amid a crackdown by the Reserve Bank of India (RBI) over violation of norms.
-
Mahindra Finance Can't Hire Recovery Agents, Says RBI, After Woman Allegedly Killed
Reserve Bank of India today directed Mahindra & Mahindra Financial Services Ltd. to immediately stop carrying out any recovery through outsourcing agents.
-
RBI’s Digital Lending Norms Will Help Sector Scale Up, Become More Responsible, Industry Says
The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like bank...
-
RBI Says Cross-Border Payments Products of Four Firms Viable Under Regulatory Sandbox
The RBI on Tuesday announced that products from four firms for cross border payments had been found viable, after completion of the test phase under the central bank’s regulatory sandbox scheme. Products from Cashfree Payments India, Fairex Solutions, Nearby Technologies and Open Financial Technologies had passed the live testing of new products ...
-
Jan Dhan Account Holders Can Complete Re-KYC Till September 30: RBI
RBI Governor Sanjay Malhotra announced on Wednesday that a large number of Pradhan Mantri Jan Dhan Yojana accounts have become due for re-KYC updates, as the government's flagship financial inclusion scheme completed 10 years.
-
How Much Will Home Loan EMI Drop After RBI's Repo Rate Cut
If you have a home loan, your EMI is set to reduce by over Rs 1,500 a month thanks to the Reserve Bank of India's latest move.
-
US Dollar Weakness Opens Door For RBI To Further Cut Repo Rates: Report
The weakness in the US dollar has created real room for the Reserve Bank of India (RBI) to lower interest rates further by up to 75 basis points (bps) by the end of calendar year 2025, as per a report by global financial services firm Jefferies.
-
Bank Holidays 2025: Is Your Bank Open Today? Check April's Holiday Schedule
Banks in most states will remain open on April 1, 2025, but some states will observe holidays due to annual account closing, festivals, and regional celebrations, affecting banking services except online banking.
-
RBI Imposes Rs 76.6 Lakh Penalty On Four Entities
The Reserve Bank on Friday said it has imposed Rs 76.6 lakh penalty on four non-banking financial companies for non-compliance with certain provisions of its directions related to 'peer-to-peer lending platform'.
-
Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
-
AI's Rise Could Threaten Financial Stability, Warns RBI Governor
The growing use of artificial intelligence and machine learning in financial services globally can lead to financial stability risks and warrants adequate risk mitigation practices by banks, the Governor of the Reserve Bank of India said on Monday.
-
AI Can Boost Digital Public Infra But Poses Challenges: RBI Chief
While the integration of AI into financial services brings significant opportunities for customers, banks and regulators, the cutting-edge technology also poses its own set of challenges such as data privacy concerns.
-
Banking Sector Witnessing A Decade-High Performance: RBI
As India aims to become the world's third largest economy soon, the banking sector is undergoing a decade-high performance in financial metrics, according to Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI).
-
Indian Economy, Financial System Remain Robust And Resilient, Says RBI
The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability.
-
Paytm Q4 FY24 Loss Widens To Rs 550 Crore After RBI Action Against Payments Bank
Digital payments firm Paytm posted a wider loss in the fiscal fourth quarter on Wednesday, hurt by weakness in its payments and financial services business after the central bank shut down its banking unit.
-
Jio Financial Denies It Is In Talks To Acquire Paytm's Wallet Business
Jio Financial Services Ltd has denied that it had not been in talks with Paytm to buy its wallet business amid a crackdown by the Reserve Bank of India (RBI) over violation of norms.
-
Mahindra Finance Can't Hire Recovery Agents, Says RBI, After Woman Allegedly Killed
Reserve Bank of India today directed Mahindra & Mahindra Financial Services Ltd. to immediately stop carrying out any recovery through outsourcing agents.
-
RBI’s Digital Lending Norms Will Help Sector Scale Up, Become More Responsible, Industry Says
The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like bank...
-
RBI Says Cross-Border Payments Products of Four Firms Viable Under Regulatory Sandbox
The RBI on Tuesday announced that products from four firms for cross border payments had been found viable, after completion of the test phase under the central bank’s regulatory sandbox scheme. Products from Cashfree Payments India, Fairex Solutions, Nearby Technologies and Open Financial Technologies had passed the live testing of new products ...
