RBI

As Cyber Frauds in India Banking Sector Amount To Whopping US$13.7 Million RBI To Set Up Tracking Portal

Digital transactions have been a boon to people everywhere. They have reduced the erstwhile physical exertions involved in bank transactions to a mere tap or mouse click. However, with the increase in ease comes the increase in liabilities. One...

What Is Xiaomi Upto With The Launch of Financial Services In India

Xiaomi has been the talk of the town in the past few months. Ever since becoming the most sold smartphone company in India, Xiaomi has been pretty ambitious. From launching its own sub-brand to compete with Samsung and OnePlus...

Paytm Payments Bank Is In Hot Waters As RBI Dissatisfied With Its Working

Paytm has gained a lot of popularity over the past few years, trying to allure its users through exciting cashbacks and attractive offers. In an attempt to retain its current user base and to further expand it, Paytm launched...

The Number of Card And Net Banking Frauds in India Totalled 1,785 In 2017

It has not been long since the Panjab National Bank (PNB) fell victim to India's biggest bank fraud involving alleged embezzlement of funds worth nearly Rs 1.8 billion (about Rs 11394 Cr). Famous jewellers Nirav Modi and his uncle Mehul...

Users Dilemma: RBI KYC Norms Choke Digital Wallets

RBI agrees on wallet money to be used without KYC (Know Your Customer), but with conditions. 28th of Feb, which is tomorrow, supposedly happens to be the last day for completion of the mandatory KYC compliance by Prepaid Wallet users....

PayPal Upsurges Receiving Limited to $3000 for Indian Merchants

PayPal has finally managed to break the ice with Reserve Bank of India on current ‘transaction limit’ chaos for Indian merchants – atleast till an extent.  Going further, Indian merchants - who use PayPal to receive money from overseas...

Latest News

Aadhaar-PAN Card linking Deadline Extends!

: The deadline for linking Aadhaar with PAN has been extended by six months, from September 30, 2021 to...