Live Breaking News & Updates on Rbi action

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RBI action on Kotak Mahindra Bank: Is your data in other banks safe?

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

India , Nazneen-ichhaporia , Nilesh-tribhuvann , Ashok-hariharan , Biju-varghese , Kotak-mahindrabank , Credit-information-companies , Master-directions-on-information-technology-governance , Compliance-indian-bank , Kotak-mahindra-bank-limited , Services-management , Kotak-mahindra-bank

Kotak Bank stock: Upside capped for Kotak Bank stock in near term, but downside's limited, too

"The digital acquisition of customers will be adversely impacted but the reputational impact is surprising since Kotak is considered to be a conservative bank with good processes and systems in place," said Kaitav Shah, banking analyst, Anand Rathi Brokerage.

Mumbai , Maharashtra , India , Hemang-jani , Kaitav-shah , Kotak-bank , Central-bank , Paytm-bank , Kotak-mahindra-bank , Anand-rathi , Kotak-bank-stock , Credit-cards

electoral bonds: Kotak Bank promoter Infina Finance donated Rs 60 crore to BJP via electoral bonds

The Mumbai-based Infina Finance donated electoral bonds worth Rs 60 crore to the Bharatiya Janata Party (BJP). The NBFC firm purchased these bonds in the denomination of Rs 1 crore in 2019, 2020 and 2021, according to the data given by the State Bank of India (SBI) to the Election Commission. The data was made public last month.

India , Uday-kotak , Bharatiya-janata-party , Kotak-mahindra-bank , Infina-finance-private-ltd , Election-commission , Infina-finance , Kotak-mahindra , Mumbai-based-infina-finance , State-bank , Finance-private-ltd , Reserve-bank

Finance Minister Nirmala Sitharaman's 'big' message to fintechs |

Finance Minister Nirmala Sitharaman emphasizes the need for strict compliance to regulations in the fintech sector. She assures that the sector is a key priority and steps have been taken to nurture the ecosystem. Read more.

India , Nirmala-sitharaman , Department-of-financial-services , National-payments-corporation-of-india , Department-for-promotion-of-industry , Paytm-payments-bank , Minister-nirmala-sitharaman , Google-pay , Amazon-pay , National-payments-corporation , Internal-trade , Financial-services

Paytm crisis: RBI action on Paytm Payments Bank has drawn fintechs' attention to compliance of laws: Chandrasekhar

Union Minister Rajeev Chandrasekhar emphasized the importance of regulatory compliance for fintech firms in light of the Paytm Payments Bank (PPBL) crisis. While addressing the PPBL issue, he noted that the Reserve Bank of India's action has drawn attention to the necessity of complying with regulations in the fintech industry, emphasizing that no company can escape consequences if non-compliant with the law.

India , Rajeev-chandrasekhar , Vijay-shekhar-sharma , Paytm-payments-bank , Axis-bank , Intel , Paytm-payments-bank-ltd , Reserve-bank , Union-minister-rajeev-chandrasekhar , Shekhar-sharma , Paytm-soundbox , Paytm-crisis

RBI's action against Paytm draws 'attention of fintech entrepreneurs' towards compliance: IT minister Chandrasekhar

India Business News: Union Minister of state for electronics and IT Rajeev Chandrasekhar highlighted the importance of regulatory compliance for fintech firms, stating tha

India , Rajeev-chandrasekhar , Vijay-shekhar-sharma , Paytm-payments-bank , Axis-bank , Reserve-bank , Shekhar-sharma , Paytm-soundbox , Paytm-payments , Business-news , Rbi-action , Laws

CAIT advises traders to switch from Paytm to other payment apps in light of RBI action |

CAIT advises traders to switch from Paytm to other payment apps for business-related transactions following RBI curbs on Paytm wallet and bank operations.

India , Praveen-khandelwal , Confederation-of-all-india-traders , Paytm-payments-bank-ltd , Reserve-bank , All-india-traders , Vijay-shekhar-sharma-run , General-praveen-khandelwal , Reserve-bank-of-india , Rbi-on-paytm , Rbi-action-on-paytm , Rbi-action

paytm: Paytm says RBI diktat may lead to Rs 500-crore hit on annual earnings

Paytm expects a hit on its Ebitda after the Reserve Bank of India halted its banking business. Paytm will continue its merchant payment business through third-party banks and its offline merchant payment network offerings.

Delhi , India , Technology-leadership , Indian-school-of-business , Paytm-payments-bank , Offering-college , Certificate-programme-in-data-science-machine , Reserve-bank , Tech-prowess , High-value-skill , Data-science

paytm ban: Shock and awe: Founders decry RBI action against Paytm

The Reserve Bank of India's decision to prohibit Paytm's vertical Paytm Payments Bank from offering all forms of banking services within a month has sent shockwaves through the Indian fintech landscape. Numerous industry executives have expressed their concerns, including Ashneer Grover, cofounder of BharatPe, who called for the finance minister and the prime minister of India to intervene.

Delhi , India , Kozhikode , Kerala , Lucknow , Uttar-pradesh , Vishal-gondal , Grover-ashneer , Ashneer-grover , Aviral-bhatnagar , Deepak-shenoy , Anand-lunia

RBI wakes up to the systemic risk from exuberant retail lending

The complacency of lenders with respect to a potential surge in delinquencies, where households are funding ordinary consumption using retail loans and possibly being used for trading in the financial markets may be bothering the RBI as they pose a systemic risk for financial stability.

Dhananjay-sinha , Head-of-equity-research , Risk-management-committee , Systematix-group , Risk-management , Retail-lending , Loans , Retail-loans , Rbi , Rbi-action , Banks , Nbfcs