RBI guidelines

Auto Debit Deadline Is Extended: Transactions Worth 2000 Crores Saved From Failing!

The Reserve Bank of India has decided to push the deadline for implementing new rules on recurring transactions by another six months! Prior to this announcement, India's apex bank said that the new rules would kick in starting April 1...

RBI To Banks: Limit Ownership Stake In Insurers At 20%!

The Reserve Bank of India wants banks to limit their ownership in insurance companies! According to three sources in the know, RBI has unofficially directed Indian banks to cap their maximum threshold limit for holding ownership in capital intensive insurance...

New RBI Guidelines Force You To Memorise All Of Your Card Details

It's time to get your brain prepped to do some much-needed homework and commit to memory the 16-digit numbers from all of your debit/credit cards! Why? Because the Reserve Bank of India’s newly issued guidelines might not leave you with...

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Flipkart Acquires 100% Stake In Cleartrip To Diversify Its Offerings!

In a bid to increase the diversification of its offerings, Flipkart is all set to acquire a 100% stake...