Banks general
Airtel to return Rs190 cr gas subsidy in unauthorised accounts
19 Dec 2017
Both Airtel and Airtel Payments bank came under fire after Airtel allegedly opened accounts of its mobile phone subscribers without seeking their "informed consent", with LPG subsidy worth crores of rupees being deposited to these accounts
Airtel banned from e-KYC over opening unauthorised bank accounts
18 Dec 2017
The UIDAI suspended the e-KYC licence key of Bharti Airtel and Airtel Payment Bank after finding that Airtel was using the Aadhaar numbers given for SIM cards to open bank accounts without customers’ consent
Jaitley seeks to soothe depositors' concerns over FRDI Bill
12 Dec 2017
Finance Minister Arun Jaitley has categorically asserted for the third time in less than a week that depositors would be ''fully protected'' in the event of a bank failure, as he sought to allay mounting fears over a proposed 'bail-in' clause in a draft legislation on financial resolution
RBI keeps repo rate unchanged at 6%; projects a spike in inflation
06 Dec 2017
With crude prices on the boil and vegetable prices rising steadily, RBI has raised the inflation forecast for the next two quarters from 4.2-4.6 per cent to 4.3- 4.7 per cent
RBI report suggests a final 'cheque-to-digital’ push in payments system
01 Dec 2017
In its Mint Street Memos titled From Cash to Non-cash and Cheque to Digital: The Unfolding Revolution in India’s Payment Systems RBI analyses the unfolding revolution in India’s payment systems
Modi moots mobile-linking of a billion Aadhaar-linked bank accounts
18 Nov 2017
With global endorsement to measures like demonetisation, GST and Aadhaar, the Modi government appears confident of implementing policies aimed at making the economy more transparent and formalise the digital economy
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