Home » Banking & Insurance » BANKING: India Post readies a new arm to run payments bank; RBI doubles PoS cash withdrawal to Rs 2,000 per day …
The Commerce Secretary, Ms. Rita A. Teaotia launching the operationalisation of online payment of application fee through debit cards and net banking, in New Delhi on July 09, 2015.
The Commerce Secretary, Ms. Rita A. Teaotia launching the operationalisation of online payment of application fee through debit cards and net banking, in New Delhi on July 09, 2015. (Photo Courtesy: pib website)

BANKING: India Post readies a new arm to run payments bank; RBI doubles PoS cash withdrawal to Rs 2,000 per day …

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India Post readies a new arm to run payments bank
RBI doubles PoS cash withdrawal to Rs 2,000 per day
Banking revolution on cards: RBI clears 11 payments banks
RBI’s new rule to provide operational flexibility to credit card issuers
Farm loans: Maharashtra hauls 24 banks to court 
RBI asks banks to create awareness on hedging agri-commodities
More …

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India Post readies a new arm to run payments bank    Hindustantimes.com
Sep 14, 2015
India Post aims to set up a 100% subsidiary company by this year end to operate a payments bank. …

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RBI doubles PoS cash withdrawal to Rs 2,000 per day    Moneycontrol.com
Aug 27, 2015
The RBI in July 2009 had allowed cash withdrawal at POS terminals for debit cards and subsequently in September 2013 this facility was extended to pre-paid cards issued by the banks. …

Banking revolution on cards: RBI clears 11 payments banks

Timesofindia.indiatimes.com
Aug 20, 2015
MUMBAI: Banking, as we have known it, appears headed for an upheaval. The Reserve Bank of India on Wednesday ‘in principle’ cleared 11 entities …

RBI’s new rule to provide operational flexibility to credit card issuers

Economictimes.indiatimes.com
16 Jul, 2015 
KOLKATA: Reserve Bank of India said that banks have to classify any credit card amount outstanding as bad loans if the minimum payable amount from the borrower is due for more than 90 days from the payment duet date. …

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Farm loans: Maharashtra hauls 24 banks to court    Timesofindia.indiatimes.com
Jul 7, 2015
MUMBAI: Less than a month after CM Devendra Fadnavis’ stern warning, district collectors across the state on Monday initiated criminal proceedings against about 24 branch managers of nationalized and cooperative banks that have missed the target on providing financial assistance to farmers, reports Prafulla Marpakwar. …

RBI asks banks to create awareness on hedging agri-commodities   Thehindu.com
May 29, 2015  
The Reserve Bank of India (RBI) on Thursday advised banks to create awareness among their borrowers for hedging agricultural commodity price risk. …

SBI offers personal loans to existing borrowers at housing loan rates  Economictimes.indiatimes.com
Mar 12, 2015 MUMBAI: State Bank of India is offering a bonanza to its existing home loan customers. They can take personal, or top-up, loans at the same rate that they are paying on home loans under a limited-period offer from the nation’s top lender. …

RBI cuts repo rate by 25 bps to 7.5%; keeps CRR unchanged   Economictimes.indiatimes.com

4 Mar, 2015
MUMBAI: Encouraged by softening inflation and fiscal consolidation roadmap by the government, RBI today slashed key policy (repo) rate by 0.25 per cent to 7.5 per cent, the second such surprise rate cut outside regular policy review in less than two months. …

Rs 5,000 overdraft under Pradhan Mantri Jan-Dhan Yojana is priority sector lending: RBI   Economictimes.indiatimes.com
25 Feb, 2015
MUMBAI: Giving a big boost to Pradhan Mantri Jan-Dhan Yojana (PMJDY), the RBI today said bank overdrafts of up to Rs 5,000 in accounts opened under this financial inclusion mission will be treated as priority sector lending. …
More: RBI Circular dated 25.02.2015 – Priority Sector Lending – Targets and Classification – Overdraft in PMJDY accounts

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