imposed a ₹1-crore penalty on HDFC Bank for violating guidelines related to the conduct of recovery agents. This penalty has drawn attention to the often aggressive tactics used by recovery ...

Any violation of these rules can lead to penalties from the central bank. Borrowers are advised to verify the identity of recovery agents before interacting with them. This can be done by checking ...

In a circular, signed by Oladimeji Yisa Taiwo on behalf of the CBN’s Payments System Management Department, the apex bank mandates that all PoS transactions from merchant and agent locations—whether ...

Diamond Trust Bank (DTB) has officially opened a new branch in Bondo, Siaya County. The opening is part of its continued local expansion drive aimed at expanding business into new sectors of the ...

She is a FINRA Series 7, 63, and 66 license holder. Riska / Getty Images The three most important factors when choosing a bank for checking and savings accounts are the type of bank, the interest ...

POS operators in Nigeria, under the umbrella of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), have taken legal action against the government of Nigeria following the expiration ...

They must transfer unclaimed balances to the Bank of Canada. Find out what products your financial institution may transfer to the Bank of Canada if the balance is unclaimed. How to find out if you ...

PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Aug. 6, indicates that business owner optimism remains high, lending support to PNC ...

Licensed customs agents under the Africa Association of Professional Freight Forwarders and Logistics of Nigeria have slammed Unity Bank over the inability of agents to capture jobs and pay ...