Banking

RBI Cancels Banking Licence of Paytm Payments Bank, Here’s Why

The Paytm Payments Bank's banking license has been revoked by the Reserve Bank of India for the reasons listed below.

RBI Looks to Eliminate Incentive Structures to Curb Mis-selling in Banks

In an effort to reduce mis-selling in banks, the RBI is attempting to eliminate incentive programs.

Public Sector Banks Report 18% Increase in Q3 Net Profit, Reaching Rs. 52,603 Crore

The net profit of public sector banks in Q3 increased by 18% to Rs. 52,603 crore.

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