The deferral is to allow customers more time to make alternative arrangements. RBI also released FAQs to clarify the impacts of the restrictions.
The RBI has agreed to interlink the UPI with its counterpart in Nepal to enable instant and lower cost cross-border remittances.
Amundi helped to develop the tool, which was tested with New Development Bank, an export credit agency, and a capital markets regulator.
Unlike conventional tabletop exercises that involve pre-agreed scenarios, the exercise will involve surprise hacking attempts against banks by 'white hat' hackers.
Gary Gensler has asked companies looking to raise money from the public to be truthful and transparent about their use of AI and the associated risks.
Tokenising VCCs provides the opportunity to drive greater operational cost efficiencies across the fund lifecycle and explore new business models.
NPCI plans a pilot project with some lenders to look at how digital payments indicators can be integrated in credit scores.
FIX's Digital Assets & Technology Committee will focus on integration and interoperability, regulatory guidance, and the efficient use of DLT and smart contracts.
Mauritius is the first country outside Asia where banks will be able to issue RuPay cards, and the first African country to connect to the UPI.
RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.
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