RBI clarifies on free ATM transactions

MUMBAI: The Reserve Bank of India has told banks not to treat failed transactions at ATMs or non-cash transactions such as balance enquiries or chequebook requests as part of five free transactions available to customers every month. “It has come to our notice that transactions that have failed due to technical reasons, non-availability of currency … Read more RBI clarifies on free ATM transactions

Provide names of big loan defaulters: CIC to RBI

NEW DELHI: The Central Information Commission (CIC) has directed the Reserve Bank of India to disclose the list of big loan defaulters it had sent to banks for resolution. The CIC’s directive came while deciding on a plea by Lucknow-based activist Nutan Thakur, who had based her RTI application on some media reports that RBI … Read more Provide names of big loan defaulters: CIC to RBI

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