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HDFC Bank customers face internet and mobile banking issues yet again

The lender continues to face technical issues, even as the Reserve Bank of India (RBI) conducts a special audit of banks' IT infrastructure.HDFC bank...

Banks closed for up to 10 days in various states in April 2021; check complete list of holidays

According to the Reserve Bank of India (RBI), most states will observe the public holidays on Good Friday, Dr Babasaheb Ambedkar Jayanti and Ram...

LIC Housing Fin to waive off 6 EMIs under ‘Griha Varishtha’

The lender currently offers home loans starting at 6.9% to a maximum of Rs 15 crore for clients with a Cibil score of 700...

PSB privatisation: RBI foresees four kinds of banks, in talks with govt

"This demonstrates the need for scalability of systems and platforms in such a way that they can be easily scaled, not 'incremental scalability, but'...

Canara Bank receives e-bids for 14 lakh sq ft Supreme Business Park in Mumbai; reserve price Rs 1,370 cr

Canara Bank auctioned the property under SARFAESI, seeking to recover Rs 385 crore after the loan to property developer Supreme...

Equitas SFB renews partnership with CSK for IPL 2021

Equitas Small Finance Bank was previously associated with the three-time IPL Champions from 2018-2020.Equitas Small Finance Bank has renewed its partnership with Chennai Super...

Shaktikanta Das: No difference of opinion between RBI and government on cryptocurrencies

RBI virtually banned cryptos in 2018 (file image)Reserve Bank of India (RBI) Governor ShaktiKanta Das said on Thursday that there was no difference of...

Banks closed for 7 days out of 9 from March 27; check full list of holidays during Mar 27-Apr 4

According to the Reserve Bank of India (RBI), these holidays may differ from state to state and be different at various banks.All banks in...

No interest on interest lockdown loan moratorium, rules SC; refuses to extend relief

RBI announced a moratorium on loans on March 27 last year. (Image: REUTERS)The Supreme Court of India today ruled in favor of waiving...

Digital lending: Government blocks 27 fraud lending apps offering instant credit online

The value of India's digital loans has grown from $ 33 billion in FY15 to $ 150 billion in FY20 and is expected to...

RBI: Household savings rate slides to 10.4% in Q2 from 21% in Q1

Nevertheless, the household financial savings rate in T2FY21 is higher than that of 9.8% observed in T2FY20.The household financial savings rate slipped to 10.4%...

NPCI to launch new digital payments product for feature phones

While an SMS payment solution called Unstructured Supplementary Service Data (USSD) was launched by NPCI in 2016, its use was subsequently discontinued with the...