COVID-19 stressed borrowers would be eligible for a relief mechanism, as part of a set of announcements by the RBI
Both Google Pay and NPCI clarified that Google Pay is a third-party app enabling UPI transaction protected by law
Articles and social media posts have revived RBI's 2018 and 2019 permits to the Bank of China as recent as border...
Speaking to BOOM, RBI said that the write-offs are not done by them, but by the banks after provisioning for NPAs
BOOM found the key points attributed to Raghuram Rajan were also attributed to Darshan Mehta, CEO of Reliance Brands
'Helicopter money' is going viral after a news channel faced the heat for its reporting of this economic concept
The central bank and the government have denied that Aadhaar enabled payments - AePS - will be down till April 14
Interest continues to accrue on outstanding debt should lockdown-hit borrowers choose to opt for the moratorium.
The RBI has further permitted all lending institutions to grant a moratorium of three-months on loan repayments
No existing evidence shows that COVID-19 spreads through cash amid growing chatter around its role in its transmission
BOOM spoke to an RBI spokesperson who clarified that the viral message has no basis.
BOOM rounds up the top 5 things that those banking with YES Bank will face during the 30-day moratorium period