With an aim to minimize frauds, RBI has mandated that Banks must adopt Aadhaar as additional authentication or move to EMV (Euro pay MasterCard Visa) chip and pin...
Polaris Financial Technology announced the launch of its NACH-ready India payments solution. With the emergence of NACH, a high rate of adoption is anticipated to make it imperative...
Indian gold loan company, Muthoot Finance Ltd became the first and only Non-Banking Finance Company (NBFC) to have obtained license for setting-up WLAs in India. The Muthoot Group...
In a bid to start a commercial banking, India Post has drawn a plan to install approx 3,000 ATMs and 1.35 lakh micro-ATMs at the post offices across...
The University of Cumbria in northwest England became the first public university in the world to accept the online currency Bitcoin as payment for fees. The acceptance of...
The Reserve Bank of India (RBI) issued norms for loans restructured by Non-Banking Finance Companies (NBFCs), to create a level-playing field between NBFCs and other commercial banks. The...
Reserve Bank of India (RBI) will probably hold interest rates steady while announcing the monetary policy on January 28, 2014. On January 28, 2014 the Reserve Bank of...
The Reserve Bank of India (RBI) has decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations. As per the RBI,...
The Expert Committee to Revise and Strengthen the Monetary Policy Framework, headed by RBI Deputy Governor Urjit R Patel submitted its report to RBI Governor Dr. Raghuram Rajan....
The Computer Emergency Response Team (CERT-India) detected a “black” private information stealing virus in the Indian online banking transactions space. The virus is especially more threatening for the...
