India Expands X-Border Payment Connections With Several Countries
The central bank of India stated that this South Asian country is making mobile payment links with several countries.
RBI
India’s Central Bank Chief Warns Risk of Global Inflation Returning
The head of the central bank of India stated the continued existence of risks of a return to global inflation, the potential materialization of which could become an obstacle to economic growth.
Reserve Bank of India to Roll Out Lending Platform
The Reserve Bank of India (RBI) intends to launch a technology platform that aims to enable frictionless lending.
RBI Fines Payment Operators Including Visa
The Reserve Bank of India (RBI) imposed penalties on Visa, Manappuram Finance, and Ola Financial Services for non-compliance.
RBI Joins Project Nexus for Seamless Cross-Border Payments
RBI joins BIS cross-border payment initiative Project Nexus to facilitate instantaneous retail payments among ASEAN countries.
Indian Fintech Sector to Continue to Operate Under Current Rules
In India, the local banking regulator has no intention of tightening the rules governing the fintech sector in this country.
Numerous Paytm Bank Accounts Suspected of Money Laundering
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.
RBI Puts Restrictions on Paytm Bank
The Reserve Bank of India (RBI) has banned Paytm Payments Bank from all forms of banking services, including bank transfers and accepting deposits.
India’s Digital Currency Transactions Top One Million Daily
In India, in December, local financial institutions paid some benefits to their employees in digital rupees.
RBI Released Assistant Admit Card 2023
The Reserve Bank of India has released the long-awaited RBI Assistant Prelims Admit Card 2023 Online for lakhs of banking aspirants who have applied for RBI Assistant 2023 to take place on 18th and 19th November.
Raiffeisen Attempts Last-Ditch Russian Spin-Off
The increasing pressure to cut all ties with Moscow has finally boosted the efforts of Raiffeisen Bank International (RBI) to transfer its Russian arm to shareholders
India’s Central Bank Abandons UPI Rival Project
The UPI-alternative project that had attracted interest from major tech and finance industry players, including Amazon, Reliance, Facebook, Tata Group, Google, HDFC, and ICICI, is winding up
UAE and India to Test Cross-Border CBDC Use
The Central Bank of the UAE and the Reserve Bank of India have agreed to jointly explore innovation in financial products and services, especially Central Bank Digital Currencies (CBDC)
RBI Fines Amazon Pay
The Central Bank of India has taken action in the form of a fine against the Indian division of Amazon Pay.
Amazon and Google Get Payments Clearance in India
Google and Amazon have received permission to expand the scope of their online payment systems in India.
India & Singapore to Officially Link Payment Systems
Central bank institutions of Singapore and India will link their real-time payment systems next week to enhance cross-border payment connectivity
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