RBI Fines Top Banks For Failing KYC Norms
If you haven’t complied with KYC requirements attached to your bank account, your bank may have just suffered the consequences. In a serious move, the Reserve Bank of India (RBI) has cracked the whip on some of the top banks…
RBI says mobile banking failed to take off in India
H R Khan, the deputy governor of The Reserve Bank Of India recently hinted that the mobile banking in India has failed to take off in India. Due to this the banks and mobile companies have been told to work…
RBI says 9% of banks in India don’t want to lend to poor
There are many banks in India which show reluctance to lend money to the poor. This is in turn is effecting the implementation of Prime Minister Manmohan Singh government’s financial inclusion scheme. The Reserve Bank Of India (RBI) has found…