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A month after RBI had started a pilot in the digital rupee - wholesale segment, the central bank will launch the first pilot for retail digital rupee tomorrow

Reserve Bank of India to launch the first pilot of retail digital rupee in...

Team PGurus - November 30, 2022 2

RBI picks 8 banks, and 13 cities to test retail digital currency The Reserve Bank of India (RBI) will launch the first pilot for retail...

Mastercard can be everywhere you want it to be, again!

Reserve Bank of India lifts a yearlong curbs on Mastercard, allows it to onboard...

Team PGurus - June 16, 2022 0

With RBI clearance, now Mastercard can add new subscribers for its Debit and Credit cards The Reserve Bank of India (RBI) on Thursday lifted the...

Lingering concerns exist on whether Paytm hyped its IPO price and now this

Reserve Bank of India asks Paytm Payments Bank to stop opening new accounts

Team PGurus - March 11, 2022 0

Paytm Payments Bank violated RBI norms: RBI The Reserve Bank of India (RBI) on Friday asked Paytm Payments Bank to stop opening new accounts amid...

The decision to supersede Reliance Capital Board was taken as the company defaulted on various payment obligations to its creditors

Reserve Bank of India supersedes debt-ridden Anil Ambani’s Reliance Capital Board. Soon initiate insolvency...

Team PGurus - November 29, 2021 1

RBI takes control of Anil Ambani-owned Reliance Capital, to push for insolvency Reserve Bank of India (RBI) on Monday superseded the board of debt-ridden industrialist...

Rates hold steady, disappoint India Inc.

Reserve Bank of India holds rates steady

Team PGurus - August 4, 2015 0

PerformanceGurus Staff New Delhi In what came as a major disappointed to India Inc., the Reserve Bank of India (RBI) on Tuesday kept the lending...

Sushmita Shukla together with Bank's President & CEO will establish, communicate, and execute strategic direction of the organization

Indian-origin Sushmita Shukla appointed as First Vice President, Chief Operating Officer of Federal Reserve...

PGurus Newsdesk - December 9, 2022 0

New York Federal Reserve taps insurance executive for a new second in command Indian-origin insurance veteran Sushmita Shukla has been appointed as the First Vice...

Surge driven by reclassification of 122 past cases per SC ruling; digital and loan frauds dominate

Banking frauds triple in FY25, public sector banks face highest losses

Team PGurus - May 29, 2025 3

RBI says, banking fraud amount triples to Rs.36,014 cr in FY25 The overall number of frauds, including those related to loan accounts and digital payments,...

The Top Court had then ordered the CBI to submit a roadmap on how it planned to unravel the

Supreme Court orders CBI probe after report claims fraud on homebuyers via builders-banks unholy...

Team PGurus - April 29, 2025 0

SC orders CBI inquiry into fraud on homebuyers Observing an "unholy nexus" between the banks and developers to dupe homebuyers, the Supreme Court of India...

During 2023-24, banks wrote off bad loans of Rs.1,70,270 crore, lower than Rs.2,16,324 crore done in the previous financial year

India’s banks write off Rs.16.35 lakh crore in bad loans over the last 10...

Team PGurus - March 17, 2025 1

Govt withholds names of defaulters with bad loans India’s banks have written off non-performing assets (NPAs) or bad loans worth about Rs.16.35 lakh crore in...

Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting estimated to be Rs.2,100 crore

RBI directs IndusInd to complete remedial action this month; assures customers of bank’s stability

Team PGurus - March 15, 2025 0

RBI confirms IndusInd Bank's stability Days after the big crash of shares of IndusInd Bank, the Reserve Bank of India (RBI) on Saturday assured customers...