News

The Reserve Bank of India (RBI) has imposed a Monetary Penalty of Rs.2 Crore on the State Bank of India for Violation of Rules.

RBI imposed Rs.2 Crore Monetary Penalty on SBI for Violation of Rules

The RBI has authorized Banks to issue PPIs for making payments across various Public Transport Systems by amending the Master Direction on Prepaid Payment Instruments.

RBI authorizes Banks to issue PPIs for making payments across various Public Transport Systems

RBI has directed the NPCI to review One97 Communication Ltd request to become a Third-Party Application Provider for UPI channel in order to continue UPI functioning of the Paytm app in accordance with the standards.

RBI asks NPCI to examine use of UPI channel to allow Paytm App to continue operations

Articles

RBI after exercising its power, took action against Paytm Payments Bank and had put certain business restrictions under section 35A of the Banking Regulation Act, 1949.

RBI released FAQs related to Business restrictions imposed on Paytm Payments Bank

RBI had put certain business restrictions on Paytm Payments Bank Ltd under Section 35A of Banking Regulation Act 1949.

RBI takes Action against Paytm Payments Bank Ltd under Section 35A of Banking Regulation Act 1949

Notifications

RBI has notified the Exclusion of “Rupee Co-operative Bank Limited” from the Second Schedule of Reserve Bank of India Act, 1934.

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RBI imposed Rs.2 Crore Monetary Penalty on SBI for Violation of Rules

RBI authorizes Banks to issue PPIs for making payments across various Public Transport Systems

RBI asks NPCI to examine use of UPI channel to allow Paytm App to continue operations

RBI released FAQs related to Business restrictions imposed on Paytm Payments Bank

RBI takes Action against Paytm Payments Bank Ltd under Section 35A of Banking Regulation Act 1949

RBI excludes Rupee Co-operative Bank Limited from Second Schedule of RBI Act 1934