RBI: Page 5
RBI Allows ARCs To Acquire Bankrupt Firms
RBI has also raised the minimum capital requirement for setting up ARCs to INR 300 crore from existing INR 100 crore
Cryptocurrencies Poses Serious Challenge To Country's Financial Stability: RBI Note
The central bank also said that CBCDs are the next step in the evolutionary progression of sovereign currency
RBI Introduces Internal Ombudsman Mechanism For CICs
The central bank also introduced a new initiative DAKSH, the bank's advanced supervisory monitoring system, which is expected to make the supervisory processes more robust
Sebi Asks Brickwork Ratings To Shutdown Within 6 Months
The action was taken citing failure to exercise proper skill, care and diligence while discharging its duties as a credit rating agency
We Are Here To Support Innovation, RBI Governor To Fintechs
Shaktikanta Das also said that the need of the hour is to ensure assurance of safety after following a process of green-lighting and due diligence by the regulated entities
Inflation Management Cannot Be Singularly Left To RBI, Says Nirmala Sitharaman
The finance minister said that the word 'taming inflation' or the word 'keeping it within the tolerance limit', is an exercise of so many different activities and a majority of which is outside the monetary policy in today's circumstances
RBI Releases Alert List Of Illegal Forex Trading Platforms
RBI also warned the individuals that undertaking foreign exchange transactions for reasons other than those permitted under the Act or via unauthorized platforms would be liable to face legal action
T Rabi Sankar On RBI's Key Focus Areas For Financial Inclusion
Deputy governor of RBI said that RBI mainly focuses to scale the digital infrastructure while preserving the technical stability
NPCI Directs Payment Apps Not To Charge Platform Fee On BBPS
The reports said that government is likely to treat the unified payments interface (UPI) as public good in which customers do not required paying
RBI Lifts Ban On American Express
As per the RBI norms, American Express have been required to store Indian payment data locally since October 2018
Decoding RBI's Digital Lending Guidelines
With regulated digital platforms, more informed and smarter decisions could be made about getting digital credit
Government Is Not Considering Any Charges For UPI, Says Finance Ministry
The ministry also said that the concerns of the service providers for cost recovery have to be met through other means
Big Bang Privatization Can Do More Harm Than Good, Says RBI
The national council of applied economic research (NCAER), on the other hand, reportedly, said that all public sector banks, except the State Bank of India, should be privatized
RBI Releases Most Anticipated Digital Lending Guidelines
The new guidelines will be applicable to all the financial institutions that extend digital loans
RBI Increases Repo Rate: Here's How It Will Impact You
The central bank hiked repo rate by 50 basis points to 5.4 per cent