Federal Bank, South Indian Bank shares plunge up to 5% on RBI action
Federal Bank informed exchanges that it is in the process of rectifying areas that are deficient and will seek regulatory clearance prior to the resumption of new issuance.
Federal Bank informed exchanges that it is in the process of rectifying areas that are deficient and will seek regulatory clearance prior to the resumption of new issuance.
RBI tells business card issuers to put in place an effective mechanism to monitor the end use of funds.
Cash withdrawal using debit cards at ATMs stood at ₹2.86 lakh crore in March 2023.
International credit cards are being issued with limits in excess of the current LRS limit of $2,50,000, says Ministry of Finance
In terms of merchant transactions, UPI P2M emerged as the preferred payment mode, with a market share of 34% in volume and 17% in terms of value, says the Worldline’s India Digital Payment report.
From October 1, your credit or debit card details will be automatically deleted from merchant platforms. Here's what you can do.
RBI says the timeline extended from July 1, 2022, to October 1, 2022, for the implementation of some provisions after it received representations from stakeholders.
RBI’s new master guidelines underline key directors for NBFCs and scheduled banks with regard to issuing debit and credit cards.