RBI

The Supreme Court recent...

The Supreme Court recent...

The Supreme Court of India recently overturned a 16-year-old National Consumer Disputes Redressal Commission verdict that had categorized charging excessive interest rates on credit card dues as an unfair trade practice. This judgment enables banks to continue imposing interest rates exceeding 30 percent on overdue credit card payments. While legally sound, the decision has sparked debates about its ethical implications

The Bill has cleared the Lok Sabha and, once passed by the Rajya Sabha and the President, will enable a bank account holder to nominate four people to her/his account

Paytm Payments Bank has been slapped with a central bank order that could see it wither, unless many of the compliances  demanded by the bank are immediately met. In the end, other payment portals will benefit

By Amulya Batni The R...

After fugitive borrowers have sucked Indian PSU banks dry through NPAs, the RBI suddenly tells them it is okay, come back home, all’s forgiven

With the ICICI Board giving sanction to prosecute ex-MD & CEO Chanda Kochhar for alleged illegal loans, financial scams are under the scanner. Is the system foolproof enough to protect consumer interests?

The Supreme Court on Wed...

The Reserve Bank of Indi...