Along with banning Paytm Payments Bank from all forms of banking services, the Reserve Bank of India (RBI) has passed information about thousands of suspicious bank accounts to the country’s financial crime-fighting agency.
The Reserve Bank of India (RBI) has banned Paytm Payments Bank from all forms of banking services, including bank transfers and accepting deposits.
The Indian leadership has decided to reduce taxes on the import of several components for mobile devices.
Razorpay POS has unveiled instant UPI transaction refunds that reduce refund processing time from conventional 5-6 business days to about 2 minutes.
Indian fintech FinAGG has raised $11 million in a Series A funding round led by BlueOrchard and Tata Capital to improve financing access for millions of Indian MSMEs.
The World Economic Forum emphasised the role of thriving fintech hubs hosting clusters of fintech corporate headquarters and providing significant operating markets such as Singapore, the UK, the US, Mexico and India for the global growth of the fintech industry.
Google Pay announced the beginning of cooperation with the Indian mobile payment system, in the space of which transactions worth several billion dollars are generated monthly.
Google has removed several cryptocurrency platforms from the Indian version of its Play Store.
In India, in December, local financial institutions paid some benefits to their employees in digital rupees.
Zoomcar, an Indian peer-to-peer carsharing platform that targets emerging markets, has gone public.
India has imposed restrictions on foreign crypto exchanges, including Binance.
IndusInd Bank has launched a corporate credit card on the RuPay network.
India’s largest renewable energy developer, Adani Green Energy, said its shareholders will invest INR 9,350 crore ($1.13 billion) in the company to boost its capacity, achieving its stated target of 45 GW by 2030.
India’s governmental department believes that AI climate models can help improve forecasting, especially important for severe weather conditions like floods and droughts.
Maharashtra, located on the western coast of India, is the third largest state in the country by land area. It was established in 1960 and declared Marathi as its official language, although Hindi, Gujarati, Kannada, and Bhojpuri are also widely spoken.
The report of the Reserve Bank of India (RBI), which was released on Wednesday, December 20, contains a statement that the economic system of this South Asian country will continue to demonstrate dynamic growth at a healthy pace, but the fact of the negative impact of high inflation on consumer demand creates a risk factor […]
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