The participating banks are State Bank of India, ICICI Bank, Yes Bank, IDFC First Bank, Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank.
December 2, 2022The RBI's intent is to improve the ability of banks to achieve the 100 percent LCR requirement, while still using the standing deposit facility.
December 2, 2022New rules from the CBIRC and PBOC strengthen the obligations of banks in their card issuance, marketing, and fraud monitoring activities.
July 9, 2022The central bank will now collect feedback from the trials, seek to gain public support for the CBDC, refine its technology, and establish regulations for the digital currency.
June 30, 2022ANZ charged fees and interest to customers who withdrew funds that were shown as available on their credit card account balances.
May 31, 2022The central bank says some banks are waiving interest on loans too generously, a practice which could lead clients to lose interest in timely repayment.
April 29, 2022A survey by the Korea Federation of SMEs found the support measures have helped about 80 percent of SMEs to sustain their business activities.
March 29, 2022Investors will be able to use claims on pre-settled funds from the sale of stock as collateral for trading, which will improve market liquidity and investor convenience.
January 17, 2022Under new draft rules, banks are required to reduce interest and fee charges, prevent excessive credit usage, and better control credit risk in card operations.
January 3, 2022The class action alleges ANZ contravened the ASIC Act by charging retrospective interest and interest on purchases that were paid off in a timely manner.
December 9, 2021