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Over the next month, nearly Rs.1 lakh crore held by the RBI since August would be gradually released to banks.

Rs.1 lakh crore deposits to be released by RBI

The Reserve Bank of India (RBI) said that the UPI System will also contain pre-approved credit limits given by banks for transactions, on Monday .

RBI approves Operation of Pre-Sanctioned Credit Lines at Banks through UPI

The RBI has issued a big update regarding Rs.2000 Bank Notes. As per new data, a total of 93 percent of notes worth Rs.2000 have returned to banks.

Withdrawal of Rs.2000 Denomination Banknotes: 93% of Rs.2000 notes returned to Banks; Last date for deposit is September 30

RBI has imposed a monetary penalty of Rs.30,50,000 on Paul Merchants Finance Private Limited for failing to comply with certain terms of Master Directions on Prepaid Payment Instruments (PPIs) dated August 27, 2021 (as of November 12, 2021).

RBI imposed Monetary Penalty of Rs.30.5 Lakh on Paul Merchants Finance

RBI has imposed Rs.6 Lakhs Monetary Penalty on 4 Cooperative Banks for non-compliance with certain provisions of the RBI KYC Direction 2016.

RBI imposed Monetary Penalty on 4 Cooperative Banks; Check Reason

RBI prohibits banks and other lenders from charging borrowers punitive interest for failing to comply with contractual terms and conditions of a loan to maintain fair lending practises and safeguard customers' interests.

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Rs.1 lakh crore deposits to be released by RBI

RBI approves Operation of Pre-Sanctioned Credit Lines at Banks through UPI

Withdrawal of Rs.2000 Denomination Banknotes: 93% of Rs.2000 notes returned to Banks; Last date for deposit is September 30

RBI imposed Monetary Penalty of Rs.30.5 Lakh on Paul Merchants Finance

RBI imposed Monetary Penalty on 4 Cooperative Banks; Check Reason

RBI issued Guidelines to direct Penal Charges for Loan by Banks