RBI - Page: 2

RBI Announces Four-Tiered Regulatory Framework For UCBs

The four-tiered regulatory framework, based on the size of deposits of UCBs, will come into force with immediate effect

Teena Jose

Finance Ministry To Meet Bank Chiefs To Promote Cross-Border Trade In Rupee

The meeting will be chaired by financial services secretary Vivek Joshi and is also likely to see attendance from representatives of the Reserve Bank of India and Indian Banks' Association (IBA)

Teena Jose

RBI's Retail e-Rupee Pilot to Kickstart on December 1

In its pursuit to popularize electronic alternate to currency, RBI sticks to its timeline for bringing Digital Rupee to the table

Paromita Gupta

RBI Asks Paytm To Reapply For Payment Aggregator Licence

It is said that the company will not onboard new online merchants till the time approvals remain pending

Teena Jose

RBI Governor Advises Banks To Remain Watchful Of Evolving Macroeconomic Situation

The governor said that despite challenges, the Indian banking sector has remained resilient and continued to improve in various performance parameters

Teena Jose

RBI To Launch First Pilot Of Digital Rupee

As per reports the pilot for retail digital currency is likely to be launched this month

Teena Jose

India Will Beat Germany To Become Fourth Largest Economy By 2026

The statement came weeks after the IMF forecast revealed that Germany and Italy will slip into recession next year

Teena Jose

RBI To Improve Availability Of Digital Infra For Banking, Says Shaktikanta Das

The governor also said that the RBI issued the required guidelines after consulting the Indian Banks Association and other experts in the field, following the Union Budget 2022-23 announcement of setting up 75 digital banking units

Teena Jose

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

Teena Jose

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

Teena Jose

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

Teena Jose

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

Teena Jose