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India 3rd most hit by online banking malwares

Last Updated: Tuesday, June 17, 2014, 16:06

The use of Internet has improved the overall banking services in India.

'RBI to soon announce rules for on-tap banking licenses'

Last Updated: Saturday, June 14, 2014, 18:10

"The RBI will soon come out with policy guidelines in differentiated banking licenses within a short period of time", Gandhi said.

RBI first ever term reverse repo auction starts today

Last Updated: Monday, June 02, 2014, 11:23

Reserve Bank of India will conduct a 4-day term reverse repo variable rate auction for 150 billion rupees.

RBI to offer first ever term reverse repo auction on June 2

Last Updated: Friday, May 30, 2014, 22:59

The RBI on Friday announced its first-ever term reverse repo auction to drain excess cash from the banking system, which traders attributed to bunched-up government spending after elections.

RBI's fresh norms on new bank licences in next 4 months

Last Updated: Thursday, May 29, 2014, 20:59

RBI Governor Raghuram Rajan had said it is committed to freeing entry in banking.

RBI plans radical overhaul of customer protection norms

Last Updated: Tuesday, May 20, 2014, 18:06

In measures aimed at protecting banking consumers, the Reserve Bank is in the process of formulating strict guidelines to discourage lenders from mis-selling and to hold them accountable for all products they are offering.

Switzerland, India, 45 others agree on tax info exchange

Last Updated: Wednesday, May 07, 2014, 17:36

In another step towards shedding banking secrecy practices, 47 nations including Switzerland and India, have agreed upon automatic exchange of information on tax matters.

Shame many don't have bank A/c; KYC norms need a relook: Rajan

Last Updated: Friday, April 04, 2014, 20:19

Reserve Bank Governor Raghuram Rajan on Friday said it is shameful that so many people in India don't have access to banking, and emphasised the need to make KYC norms less bureaucratic.

Banks to spend 13% more on IT this year: Report

Last Updated: Wednesday, February 26, 2014, 18:00

Software is expected to be the second-fastest growing segment, with 19.2 percent growth in 2014, the report said.

RBI pressures banks to trade bond futures

Last Updated: Thursday, February 13, 2014, 14:53

Determined to turn its third attempt at launching bond futures into a success, the Reserve Bank of India (RBI) is pressuring state-owned banks to trade the derivatives that provide hedges against the country`s volatile interest rates, banking sources told Reuters.

'Gross NPAs of banks to touch 5% by March-end'

Last Updated: Thursday, January 16, 2014, 17:23

The country's banking sector could witness tough times ahead with gross non-performing assets (NPAs) expected to touch 5 percent of total loans by March this year, according to an Assocham study.

Bank accounts for all adults by 2016 very much possible: Mor

Last Updated: Friday, January 10, 2014, 21:06

The target of having a bank account for all adults in India by 2016 is not too ambitious and can be achieved with progress made in Aadhaar number rollout, said Nachiket Mor, who headed the RBI panel on financial inclusion.