The RBI is considering options for linking penalties to the size of regulated entities, as well as clawing back executive remuneration.
November 21, 2023The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.
February 21, 2023The units were established by 24 banks to house digital infrastructure for the delivery of digital banking products and services in self-service and assisted mode.
October 20, 2022UOB subsidiaries reached agreements in January to acquire Citigroup’s consumer banking businesses in Malaysia, Indonesia, Thailand and Vietnam.
September 20, 2022At least five Indian banks are reportedly in talks with Singapore's DBS regarding the PayNow-UPI linkage, which was initially meant to launch in July 2022.
September 12, 2022Kotak Mahindra Bank suggests such digital frauds are not being reported by other banks, making its own figures look disproportionately higher.
August 31, 2022The acquisition, expected to close in mid-2023, will make DBS the largest foreign bank in Taiwan by assets.
January 31, 2022Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
September 13, 2021Banks are permitted to extend export credit using alternative rates. A change in the benchmark used in a derivatives contract need not be treated as a restructuring.
August 8, 2021e-RUPI is a QR code or SMS string-based prepaid e-voucher that can be used for purchases without an app, card, bank account, or internet access.
August 5, 2021