PM Modi dedicates 75 Digital Banking Units (DBUs)
Prime Minister Shri Narendra Modi has dedicated 75 Digital Banking Units (DBUs) in 75 districts across the country via video conference, in line with the Announcement by Finance Minister …
Tag: Banking
RBI’s Revised Guidelines for Opening of Current/ CC/ OD Accounts by Banks
RBI has issued consolidated/ revised guidelines and instructions for scheduled commercial banks and payment banks, regarding opening of Current Accounts and Cash Credit/ Overdraft (CC/ OD) Accounts in various …
RBI Master Circular on Prudential (IRAC) Norms on Advances as on 31/03/2022
RBI has issued revised/ updated Master Circular on Prudential Norms for Income Recognition, Asset Classification (IRAC) and Provisioning pertaining to Advances, which consolidates the RBI Guidelines/ Directions/ Instructions/ Revisions …
RBI stops ‘New Customers’ for Paytm Payments Bank, Orders IT Audit
RBI has taken action against Paytm Payments Bank Ltd. and has issued directions to stop ‘onboarding of new customers’ with immediate effect, till IT Audit of the Bank and …
Small Value Digital Payments upto Rs. 2,000 allowed by RBI in Offline Mode (without Internet/ OTP)
Small Value Digital Payments upto Rs. 2,000 allowed by RBI in Offline Mode (without Internet/ OTP), under the new framework applicable w.e.f. 03/01/2022, to give a boost to digital …
Govt. hikes NPS Contribution and Family Pension for Bank Employees
Govt. has announced to hike the NPS Contribution and Family Pension for Public Sector Bank Employees, i.e. Bank Employees Family Pension to be increased to 30% of last pay …