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Top News In தலைமை ஜநரல் மேலாளர் இல் கட்டணம் Today - Breaking & Trending Today

RBI To Slap 10k Fine On Banks For Dry ATMs

RBI to penalise banks for every money dispensing unit running out cash for more than 10 hours a month

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RBI forms expert committee for urban co-operative banks to strengthen sector

RBI forms expert committee for urban co-operative banks to strengthen sector
The committee will also review the current regulatory approach and recommend suitable measures to strengthen the sector.
BusinessToday.In | February 15, 2021 | Updated 23:00 IST
The committee, under the chairmanship of former RBI Governor N. S. Vishwanathan, will take stock of the regulatory measures taken by the RBI and other authorities in respect of UCBs.
The Reserve Bank of India (RBI) on Monday constituted an eight-member expert committee on Primary (Urban) Co-operative Banks (UCBs) to examine issues and provide a road map for strengthening the sector.
The committee, under the chairmanship of former RBI Deputy Governor N. S. Vishwanathan, will take stock of the regulatory measures taken by the RBI and other authorities in respect of UCBs and assess their impact over the last five years to identify key constraints and enablers in fulfillment of their socio-economic objective. ....

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RBI sets up eight-member panel to strengthen UCB sector - The Hindu BusinessLine

RBI sets up eight-member panel to strengthen UCB sector
February 15, 2021
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The Reserve Bank of India (RBI) has set up an eight-member expert committee to examine the issues and to provide a road map for strengthening the urban co-operative banking (UCB) sector, including suggesting effective measures for faster rehabilitation/ resolution of these banks and assess potential for consolidation in the sector.
The committee, headed by NS Vishwanathan, former Deputy Governor, RBI, will leverage on the recent amendments to the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies) to review the current regulatory/supervisory approach and recommend suitable measures/changes to strengthen the sector. ....

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RBI sets up Working Group for regulated financial sector

Reserve Bank of India (RBI) has set up a Working Group to study all aspects of digital lending activities in the regulated financial sector as well as by unregu ....

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RBI sets up panel to suggest regulations on digital lending

RBI sets up panel to suggest regulations on digital lending
The 6-member working group has been formed to study digital lending in regulated as well as unregulated financial sector to devise a regulatory framework for the same
BusinessToday.In | January 14, 2021 | Updated 20:08 IST
Reserve Bank of India has formed a working group to suggest ways to efficiently regulate the booming digital lending space. The 6-member working group has been formed to study digital lending in regulated as well as unregulated financial sector to devise a regulatory framework for the same.
Digital lending has the potential to make access to financial products and services more fair, efficient and inclusive. While penetration of digital methods in the financial sector is a welcome development, the benefits and certain downside risks are often interwoven in such endeavours. A balanced approach needs to be followed so that the regulatory framework supports innovation while ensuring data ....

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