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RBI Cautions Against KYC Updation Frauds: Check Report
The Reserve Bank of India (RBI) has issued certain and important guidelines to follow in order to improve customer protection against ongoing and rising to Know Your Customer (KYC) frauds. Customers have been suffering victim to scams conducted in the guise ...
Rbi Cautions Against Kyc Updation Frauds Check Report
Card Tokenization: Near-term Irritant But Long-term Positive
The RBI has issued a final circular making card (CC/DC) tokenization mandatory from January 1, 2022. Based on the interactions conducted, Emkay Global Financial Services is of the view that the card tokenization will be a near-term irritant but long-term positive. ...
Card Tokenization Near Term Irritant But Long Term Positive
RBI Charges Monetary Penalty On These 2 Banks: Check Report
The Reserve Bank of India (RBI) has levied a monetary penalty of Rs 5.00 lakh (Rupees five lakh only) on The Swasakthi Mercantile Cooperative Urban Bank Ltd., Vijayawada for contravening/non-compliance with certain sections of the issued directives, according to an order ...
RBI Fines Monetary Penalty On These Two Co-operative Banks
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 3.00 lakh (Rupees three lakh only) on The Sutex Co-operative Bank Ltd., Surat (Gujarat) for violating guidelines specified on ‘Loans and advances to directors, relatives and firms /concerns ...
Rbi Fines Monetary Penalty On These Two Co Operative Banks
Why Is India's Q1 FY22 Double-Digit GDP Growth Deceiving?
India's economy continues to recover with a 20.1% sharp rise of GDP in Q1, FY22 (April to June), compared to 24.4% GDP contraction during the same period in FY21 - due to strict lockdown. Additionally, Gross Value Added (GVA) increased 18.8% ...
Sovereign Gold Bonds: Should You Invest?
Reserve Bank of India (RBI) has gained a record amount of borrowing from its Sovereign Gold Bond (SGB) Scheme. It is a gold bond issued by the RBI, on behalf of the union government. The Finance Ministry has disclosed a data ...
Sovereign Gold Bonds Should You Invest
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