RBI

News

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.

Fintech & Ecommerce

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.

Fintech & Ecommerce

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.

Blockchain & Crypto

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.

News

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.

News

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

Finance & Economics

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

Finance & Economics

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)

News

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.

News

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.

Finance & Economics

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