The National Payments Corporation of India (NPCI) recently released data on Unified Payments Interface (UPI). According to this, UPI crossed more than 6 billion transactions in July 2022. It...
Reserve Bank of India (RBI) recently revised its guidelines on payment aggregators as well as reopened the window to grant licences until September 30, 2022. Before the new...
Bandhan Bank recently inaugurated its currency chest in Deedargunj, Patna. It is the first ever currency chest of the Bandhan bank. It will help in cash management for...
India’s economic growth forecast has been reduced from 8.2% to 7.4%. The International Monetary Fund (IMF) released India’s growth prediction in its World Economic Outlook on July 26,...
On July 19, 2022, a simple four-tiered regulatory framework was adopted by the Central Bank, for Urban Co-operative Banks (UCBs). Key Facts The RBI adopted the framework on the basis...
On July 6, 2022, the Reserve Bank of India (RBI) has liberalised the norms further in order to increase foreign exchange inflows. Key Facts The central bank has...
The Reserve Bank of India (RBI) issued new guidelines for payment activities in India. Guidelines were issued under Section 10 (2) & Section 18 of “Payment and Settlement...
Reserve Bank of India (RBI) has extended the timeline for tokenisation of debit and credit cards by three months. Tokenisation can now be done till September 30, 2022....
On June 17, 2022, the Reserve Bank of India (RBI) released its vision on architecture of digital finance, in a document for payments systems. Payment Vision 2025 document The...
On February 23, 2022, the Reserve bank of India (RBI) cautioned public against carpooling app sRide. Why RBI caution against sRide App? RBI caution against sRide App, stating...
On February 10, 2022, RBI’s Monetary Policy Committee (MPC) kept key interest rates unchanged. It retained the accommodative stance in its first policy after Union Budget 2022. Key...
Reserve Bank of India (RBI) announced redemption price for the premature redemption of Sovereign Gold Bonds (SGBs), which was due on February 8, 2022. Key Facts The redemption price...
