Master Direction News Today

Card issuers are restricted from offering unsolicited credit cards and are required to get the customers prior and explicit authorisation before issuing the card, according to the Reserve Bank of India (RBI) rules.

Is your data in Kotak Mahindra Bank Safe? Legal experts say that Kotak Mahindra Bank may have violated Digital Personal Data Protection Act, 2023.

The Reserve Bank of India (RBI) issues Master Direction to Asset Reconstruction Companies (ARCs), critical for resolving stressed financial assets and improving the health of the financial system. The directive outlines requirements for ARCs, including minimum net owned fund, registration, investment limitations, capital adequacy, leadership tenure, and reporting of irregularities

(This story has not been edited by THE WEEK and is auto-generated from a PTI

RBI Governor Shaktikanta Das said on Friday that the latest data as at end-December 2023 shows that the key indicators of capital and asset quality of scheduled commercial banks continued to be healthy, and financial indicators of non-banking ...

The RBI on Thursday issued a clarification on its exchange traded currency derivatives (ETCD) circular and has decided that these directions will now come into effect from May 3, 2024, instead of April 5 as was announced earlier.The RBI said ...

The Reserve Bank on Thursday deferred implementation of its directions on exchange traded currency derivatives (ETCD) linked to rupee by a month to May 3 in view of feedbacks received from stakeholders. A circular issued on January 5 on ‘Risk Management and Inter-Bank Dealings — Hedging of

A billing cycle or billing period is the time between two statement dates—the time when the bill for the ongoing month is generated

As per the latest notification, the RBI asked credit card issuers to provide customers an option to modify their credit card billing cycle at 'least once'.

Financial Literacy News: Credit cards offer a convenient means to manage finances and enhance financial well-being. By using credit cards responsibly, individuals can build a positive credit history and improve their financial habits.