RBI

Finance & Economics

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

News

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.

Finance & Economics

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.

News

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