On December 1, the Reserve Bank of India has unveiled a framework allowing overseas subsidiaries and branches of Indian banks and financial institutions to undertake activities that are...
A four-tiered regulatory framework for categorization of the Urban Cooperative Banks (UCBs) was recently released by the Reserve Bank of India (RBI). It had also announced norms concerning...
After successfully launching the wholesale pilot project for central bank digital currency in November, the RBI commenced the retail CBDC pilot project from December 1. About RBI’s Retail...
Securities and Exchange Board of India (SEBI) has released a regulatory framework for the online bond platform providers (OBPPs) to streamline their operations. What are the key features...
BHIM App open-source license model was announced by the National Payments Corporation of India (NPCI). What is BHIM App open-source license model? Under the BHIM App open-source license...
The Pakistan Government is planning to implement an interest-free banking system in the country from 2027 under the Islamic law. What is interest-free banking system? The concept of...
India’s first floating financial literacy camp was organized recently by India Post Payments Bank (IPPB) About the Floating Financial Literacy Camp India’s First Floating Financial Literacy Camp was...
The Reserve Bank of India Hub (RBIH) and the India Post Payments Bank are collaborating to improve society’s access to financial solutions. Key features The RBIH and the...
75 digital banking units were inaugurated by Prime Minister Modi on October 16, 2022. Key facts In the Union Budget 2022-23, the Indian Government announced the setting up...
The tokenization of card-based payments will be implemented from October 1, 2022. Key facts The Reserve Bank of India has announced that it will not extend the October...
Banking system liquidity has turned into a deficit mode for the first time since May 2019. Key facts On September 20 this year, the banking system liquidity situation...
The REC Ltd. has been accorded the status of ‘Maharatna’ Central Public Sector Enterprise. Key facts The REC Ltd., is the 12th company to be given the Maharatna...
