Tag: Reserve Bank Of India (1)

RBI proposes banks to design own credit loss models

In addition to the current provisioning obligation, the new framework will compel banks to make...

No Aadhaar Card Required For Swapping 2,000 Currency Notes

According to PNB employees, there is no need to submit verified papers or fill out forms to swap 2,000 currency notes at PNB branches. The State Bank of India

RBI forbids banks from charging penal interest

The Reserve Bank of India released guidelines on Friday to control the penalties that banks and other lenders may impose borrowers for late payments or other vi