[ad_1] The Reserve Bank of India (RBI) has expanded the scope of the Unified Payments Interface (UPI) by allowing Small Finance Banks (SFBs) to offer pre-sanctioned credit lines for UPI transactions. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large […]
RBI’s new 15-day credit reporting rules: What this means for borrowers – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) has introduced a change to credit reporting rules. Lenders must now update credit bureau records every 15 days instead of the previous monthly cycle. This change aims to improve credit score accuracy and ensure timely reflection of borrowers’ financial activities. Index Fund Corner Sponsored Scheme Name 1-Year Return […]
Credit card new rules | Mastercard, RuPay, or Visa? From tomorrow, you can choose your network – CNBC TV18
[ad_1] Starting September 6, 2024, credit cardholders in India will have the option to choose their preferred card network—Mastercard, RuPay, or Visa—when applying for a new card or renewing an existing one. This new flexibility comes as a result of the Reserve Bank of India’s (RBI) guidelines aimed at improving customer choice and fostering competition […]
India P2P pauses withdrawals and new investments following RBI guidelines – CNBC TV18
[ad_1] India P2P has temporarily halted withdrawals and new investments on its platform. The move comes in response to new RBI guidelines on NBFC-P2P lending issued on August 16. The company informed customers that bulk withdrawals would be limited in line with these guidelines. India P2P clarified that it has not faced any non-compliance issues, […]
RBI introduces new prompt corrective action framework for urban co-operative banks – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) has announced a new prompt corrective action (PCA) framework for primary (urban) co-operative banks (UCBs). This framework, set to take effect from April 1, 2025, will replace the existing supervisory action framework (SAF), which had been in place since January 6, 2020. Overview of the PCA framework The […]
RBI proposes stricter liquidity norms for banks: What it means – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) has unveiled draft guidelines that propose tightening liquidity coverage ratios (LCR) for banks. This is aimed at managing the risks associated with increased digital banking activities. The draft suggests a significant adjustment in how banks handle liquidity to better cope with the challenges posed by the rise in […]