RBI: Page 3
Fintech Companies Need a Self-Regulatory Approach, Says RBI Deputy Governor
The Reserve Bank of India (RBI) has said that the financial technology, or fintech, sector should organize itself under a self-regulatory organization that can monitor the conduct of member fintech entities
India Must Prepare To Manage Volatility Risks In Forex Market, Says RBI Deputy Governor
The deputy governor said that India has increasingly aimed to promote trade denominated in Rupees
Daily UPI Transactions Jump 50% To 36 Crore, Says RBI Governor
Shaktikanta Das added that the overall monthly digital payment transactions crossed over INR 1,000-crore-mark each month during the past three months
India Gives Hope For Future, Bill Gates Meets RBI Governor
Bill Gates is currently on a trip to India to witness the progress made in various areas including climate change
Travellers From G20 Countries Can Pay Via UPI, Says RBI
The RBI release also reportedly clarified that the facility is available to travellers from G-20 countries, at selected international airports such as Bengaluru, Mumbai and New Delhi
Indians Spend Over $1 Billion Every Month On Foreign Travel: RBI Data
According to the report, during the April-December period of 2022-23, the outward remittances under the Liberalised Remittance Scheme (LRS) for resident individuals towards 'travel' was $9.95 billion
RBI Updates Rules For Foreign Donations Via NEFT, RTGS
As per the new regulations, under the FCRA, foreign contributions must be received only in the 'FCRA account' of State Bank of India, New Delhi Main Branch
RBI Issues FAQ On Digital Lending Guidelines
The RBI clarified that having a physical interface with customers will not enable lenders to bypass regulations for digital lending
Fintechs Will Fuel Digital Lending Over Traditional Lending By 2030: Report
The research reportedly highlights that the next 100 million customers are likely to have a vastly different profile and expectations than those currently in place
Central Bank Will Launch QR Code-Based Coin Vending Machines
The pilot project is planned to be initially rolled out at 19 locations in 12 cities across the country in places like railway stations, shopping malls, market places
Digital Rupee Has 50,000 Users And 5000 Merchants: RBI
The pilot project started on December 1 has witnessed 7.70 lakh transactions, and is now being carried out in five cities
RBI Hikes Repo Rate By 25 Basis Points To 6.50 Per Cent
While the central bank has increased rates, it called the Indian economy resilient
SBI Granted Loans Worth INR 21,000 Crore To Adani Groups, Half Of What Allowed Under Rules: Report
The report also claimed that more than INR 1600 crore of the amount was granted to Adani Group through SBI's overseas units
IDFC FIRST Bank And ToneTag Partner To Launch CBDC Payments
The digital rupee offers features of physical cash like trust, safety and settlement finality
No Issue With Cryptocurrency In India If Laws Are Followed: Rajeev Chandrasekhar
The minister's remark contradicts the central bank's view advising investors to stay away from crypto