RBI Introduces Secured Overnight Rupee Rate (SORR)

The Reserve Bank of India has launched a new interest rate benchmark, the Secured Overnight Rupee Rate (SORR), to enhance

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RBI Imposes Compensation for Delays in Credit Data Updates

The RBI has mandated compensation of Rs 100 per day for delays in credit data updates by credit information companies

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RBI Establishes Panel for Ethical AI Use in Financial Sector

The Reserve Bank of India has set up a panel named Framework for Responsible and Ethical Enablement of Artificial Intelligence

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From the Desk of Editor -in- Chief

As the new year unfolds, January brought several pivotal developments in the banking and finance sector, reflecting the dynamic nature

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Future of banking- Blockchain Technology

Abstract Blockchain banking is a new technology in India, but it’s gaining traction due to its worldwide success in finance

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Supreme Court Overturns 30% Interest Cap on Credit Cards

In a major relief for banks, the Supreme Court has nullified a 2008 NCDRC ruling that capped credit card interest

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Wilful defaults: RBI reveals top 100; 2,664 corporates owe Rs. 1.96 lakh cr

A STAGGERING 2,664 corporates have been classified as wilful defaulters, failing to repay bank loans despite having the means to

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