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Bank frauds: Limited liability for customers?
If RBI's recommendations are finalised, it will give more teeth to the existing fair practice code Kumar Karpe, chief executive officer (CEO), TechProcess Payment Services, an electronic payments......
'India has adequate forex to manage challenges'
India has reasonable level of foreign exchange reserves to deal with the current market situation, according to Reserve Bank of India Deputy Governor S S Mundra. Speaking to reporters on the......
Victim of online fraud? Here's what you can do
Consumer rights activists say even with limited resources, it is not possible for customers to take on banks and prove they are at fault. An employee uses a computer mouse inside an office.......
RBI plans radical overhaul of customer protection norms
In measures aimed at protecting banking consumers, the Reserve Bank is in the process of formulating strict guidelines to discourage lenders from mis-selling and to hold them accountable for all......
Prepayment penalty on home loans to be scrapped
Borrowers wanting to prepay home loans can look forward to some relief as RBI on Tuesday indicated that it would scrap prepayment penalties charged by banks. "It is proposed to implement the......
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