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‘One Vehicle, One FASTag’ aims to discourage user behavior of using single FASTag for multiple vehicles

FASTags without KYC link to be deactivated or blacklisted by banks after Jan 31:...

PGurus Newsdesk - January 15, 2024 0

ALERT! Your FASTag may get deactivated or blacklisted after January 31 The National Highways Authority of India (NHAI) announced that FASTags with incomplete KYC will...

Total value of the Rs.2000 banknotes in circulation was Rs.3.56 lakh cr at the close of business on May 19, 2023

RBI says 97.38% Rs.2000 banknotes have been returned

PGurus Newsdesk - January 1, 2024 0

After withdrawal, 97.38% of Rs.2000 banknotes returned to RBI The Reserve Bank of India (RBI) said on Monday that the total value of Rs.2000 banknotes...

The RBI's move is aimed at stopping banks and NBFCs from using the AIF channel as a way to artificially sustain or extend the life of their loans

RBI tightens rules for banks, NBFCs’ investments in Alternate Investment Funds

PGurus Newsdesk - December 19, 2023 0

RBI shares guidelines on AIFs investments for lenders On Tuesday, the Reserve Bank of India (RBI) barred regulated entities (REs) such as banks and non-banking...

The Apex Court upheld the division bench's decision to reject Kochhar's interim application for post-retirement benefits from ICICI Bank

Supreme Court dismisses tainted Chanda Kochhar’s plea for retirement benefits from ICICI Bank

Team PGurus - December 8, 2023 0

Setback for Chanda Kochhar, SC refuses to entertain her plea for retirement benefits The Supreme Court on Friday refused to entertain tainted former ICICI Bank...

Compliance under PMLA, demands reporting entities’ registration and adherence to regulatory norms like KYC, transaction records, and reporting of suspicious activities

28 crypto/ VDA platforms register with FIU-India to comply with PMLA norms

Team PGurus - December 4, 2023 0

Offshore crypto exchanges must register with India’s FIU: Finance Ministry As many as 28 Virtual Digital Assets (VDA) service providers, including WazirX, Coin DCX, and...

Shaktikanta Das said that many lenders were depending too much on the algorithms to make their decisions and there was a need to analyze data more carefully before making investment decisions

RBI Governor expresses concern over high dependence of NBFCs on bank loans

PGurus Newsdesk - November 22, 2023 0

The prospects are at a new high in the country and this is the time to make it India’s moment, says RBI Governor Addressing the...

Investment demand appears to be resilient with the government’s infrastructure spending, an uptick in private capex, automation, digitalization, and indigenization providing a boost

India’s GDP growth expected to accelerate in Q3 of 2023-24: RBI bulletin

PGurus Newsdesk - November 16, 2023 1

GDP growth expected to accelerate in Q3 of 2023-24 The momentum of India's GDP growth is sequentially expected to be higher in Q3:2023-24, "with festival...

Penalty imposed on Shree Lodra Nagarik Sahakari Bank Ltd, Malpur Nagarik Sahakari Bank Ltd and Limbasi Urban Co-operative Bank Ltd

RBI imposes fine on 3 Gujarat banks for violating norms

PGurus Newsdesk - November 7, 2023 0

RBI action taken against the banks is based on deficiencies in regulatory compliance The Reserve Bank of India (RBI) has imposed monetary penalties on three...

Bank Bachao Desh Bachao Manch, a forum representing various sections of civil society, is seeking ways to combat Aadhar card-related bank fraud

Civil society forum writes to Governor of RBI seeking information security auditors system for...

PGurus Newsdesk - October 15, 2023 1

Forum asks RBI Governor Shaktikanta Das for bank security auditors Given the rising number of incidents involving online bank frauds due to the misuse of biometrics...