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No relief for Assam's Mahabhairab Co-op Urban Bank

Reserve Bank of India extended the period of directions on Assam based Mahabhairab Cooperative Urban ....

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RBI's credit card curbs are a classic case of 'prevention is better than cure'

By raising the risk weight on banks’ exposure to credit card debt, and cracking down on co-branded credit cards with lax due diligence, the central bank is looking to avert a credit card debt crisis, like the one the US could soon face. ....

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Revoult: Neobank Revolut India gets in-principle nod for PPI license from RBI

Revolut India, backed by Tiger Global and Softbank, received RBI approval for Prepaid Payment Instruments, strengthening its position in the Indian market. The approval allows the offering of multi-currency forex cards and cross-border remittance services, enhancing financial solutions for Indian consumers. ....

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