The Reserve Bank of India (RBI) has issued a warning to the smartphone users against fraud online applications being used to steal money. The download links that appear in mobile phones including device control apps like AnyDesk convinces people to download them on their mobile. Such applications give access to fraudsters in remotely using your mobile device for carrying out fraudulent transactions.

Reserve Bank of India (RBI) recently changed its measures and upgraded guidelines for prompt corrective action (PCA). According to new guidelines, if a bank reaches the ‘risk threshold 3’ category, it will be a likely candidate for recovery measures such as amalgamation, reconstruction and winding up.

State-owned lender IDBI Bank on Tuesday evening said that Reserve Bank of India (RBI) has initiated a "prompt corrective action" (PCA) Ain view of its high non-performing assets (NPAs) and negative return on assets (RoAs).

The RBI on Monday ended all curbs on withdrawals from Current Accounts, Cash Credit Accounts and Overdraft Accounts with immediate effect.

The Reserve Bank of India on Wednesday rolled back its latest guideline that said for a deposit of above Rs 5000 in banned currency notes till December 31 customers will have to submit a valid reason.