Category : Banking


RBI Sets Rs 50,000 Ceiling for Digital Fraud Compensation

The Reserve Bank of India has proposed a compensation framework for digital frauds, with a ceiling of Rs 50,000 for losses and maximum payout of Rs 25,000. Banks must credit compensation within five days, and the scheme includes a lifetime claim limit per

RBI Proposes Enhanced Protection for Digital Banking Frauds

The Reserve Bank of India has proposed amendments to its customer liability framework for digital banking frauds, aiming to expand user protection, speed up complaint resolution, and introduce a compensation mechanism for small-value fraudulent transactio

Gold Drops Rs 1,100; Silver Falls to Rs 2.71 Lakh/kg

Gold and silver prices saw significant declines on Friday, with gold dropping Rs 1,100 to Rs 1.64 lakh per 10 grams and silver slipping to Rs 2.71 lakh per kilogram, driven by Middle East tensions and safe-haven buying.

Rupee Gains 55 Paise to 91.6/Dollar on RBI Support

The Indian rupee rebounded by 55 paise to close at Rs 91.6 per dollar on Thursday, following RBI intervention through state-run banks in forex markets to stabilize the currency amid geopolitical tensions.

Bank of Baroda Raises Rs 10,000 Crore via Green Bonds

Bank of Baroda has successfully raised Rs 10,000 crore through Series I long-term green infrastructure bonds, becoming the first bank in India to issue domestic green bonds. The issuance was oversubscribed, receiving bids worth Rs 16,415 crore.

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