Reserve Bank of India

RBI clarifies Google Pay not a Payment System Operator

google pay update

Recently, Reserve Bank of India clarifies in the Delhi High Court that Google pay is a third-party app provider. They are not operating any payment system. RBI said that Google pay is not in the list of authorized payment system operators in the list published by the National Payment Corporation of India (NPCI). Many people … Read more

What Impact would Extended Loan Moratorium have on EMIs?

loan moratorium extended

In order to give the much-needed relief to the public, the Reserve Bank of India (RBI) had recently announced that the loan moratorium is extended by further 3 months, i.e. till August 2020. This is to help them while the financial disturbance due to the COVID-19 crisis. Here, the loan moratorium means the relief to … Read more

Moratorium Extended by RBI on Loans by 3 months

moratorium extended by RBI

In order to provide much-needed relief to the borrowers, the Reserve Bank of India (RBI) has announced- moratorium extended by RBI on loan repayment by an additional 3 months, i.e. till August 2020. This is to assist them during the financial disturbance caused due to the COVID-19 lockdown. The moratorium means relaxation to repay the … Read more

RBI Relaxes PSB Bank Branch Audit Norms due to Coronavirus

bank-branch-audit-norms

Due to the outbreak of COVID-19, the Reserve Bank of India (RBI) has given relaxations to PSB banks with regard to the Bank branch audit for FY 2019-20. Today the world is suffering the pangs of Novel Coronavirus aka COVID-19, which has caused widespread economic disruption. In India, the government has placed a lockdown till … Read more