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RBI Notification

RBI issues Directions for Appointment of Internal Ombud...

RBI issues Directions for Appointment of Internal Ombudsman by NBFCs

The Reserve Bank of India recently issued a detailed guideline on appointment of an internal ombudsman by NBFCs (Non-Banking Financial Companies). The RBI...

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News

All about the Newly Launched Integrated Ombudsman Schem...

All about the Newly Launched Integrated Ombudsman Scheme (RBI)

The Indian PM launched the integrated ombudsman scheme recently, which seeks to strengthen the grievance redress mechanism for consumers belonging to diffe...

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RBI Notification

RBI Launches ‘HARBINGER 2021’- Its First Gl...

RBI Launches 'HARBINGER 2021'- Its First Global Hackathon

The Reserve Bank of India recently announced the launch of HARBINGER 2021- its first global hackathon. The theme of this global hackathon will be Smarter D...

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News

Uniform norms issued for accountability to protect bona...

Uniform norms issued for accountability to protect bonafide decision of bankers

The finance ministry recently issued uniform norms- staff accountability framework for NPA accounts up to 50 crore rupees to protect people taking bonafide...

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RBI Notification

Clarifications of RBI on PA/PG Guidelines

PA PG Guidelines

Given the rise in popularity of online financial transactions in recent years, spurred by the Internet, the role of intermediaries that support such online...

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RBI Notification

Auto-Debit Rules of RBI have become effective for Recur...

Auto-Debit Rules of RBI have become effective for Recurring Online Transactions

You have most likely received many emails from your banks in the last few days informing you that any auto-debit instructions on your cards would no longer...

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RBI Notification

Internal Ombudsman Scheme mandated for NBFCs

Internal Ombudsman Scheme mandated for NBFCs

The RBI recently announced the introduction of Internal Ombudsman Scheme for certain categories of NBFCs. The RBI said that it has planned to introduce the...

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RBI Notification

RBI Announces Offline Retail Digital Payments

RBI Announces Offline Retail Digital Payments

The Reserve Bank made an announcement recently on a nationwide framework for implementation of offline retail digital payments. Offline digital payments ma...

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