The bank has not provided any statement of transactions and cash memo which is actually signed by the bank customer or any document which proves that the credit card was requested or used.
The Reserve Bank of India on Tuesday issued guidelines for the appointment of statutory auditors of banks and non-banking finance companies (NBFCs), including housing finance companies.
The Reserve Bank on Thursday issued final guidelines, including the framework, to set up a self-regulatory organisation for payment system operators as part of its payment and settlement systems vision. The framework will enable the central bank to recognise a self-regulatory organisation (SRO) for payment system operators (PSOs).
On tap licensing will enable entities to approach the central bank for obtaining licences for small finance banks on meeting laid-down criteria. Eligible entities would not have to wait for licences as it would be available on-demand basis.
Observing that FinTech has the potential to reshape the financial services and financial inclusion landscape in India in fundamental ways, he said, it can reduce costs and improve access and quality of financial services.
Mumbai: Following its interest rate cut last week after nearly two years, the Reserve Bank of India (RBI) on Monday asked banks to notify the base, or minimum, lending rate at least once every three
New Delhi: Using ATMs to withdraw money or for other purposes like balance enquiry beyond five times in a month will attract a charge of Rs 20 per transaction.As per the Reserve Bank's new guidelines
Mumbai: HSBC India has sounded evasive about converting itself into a locally incorporated entity, saying that changing the holding structure will not have a bearing on its broader strategy of doing business in the country.
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