Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
September 13, 2021Banks are permitted to extend export credit using alternative rates. A change in the benchmark used in a derivatives contract need not be treated as a restructuring.
August 8, 2021e-RUPI is a QR code or SMS string-based prepaid e-voucher that can be used for purchases without an app, card, bank account, or internet access.
August 5, 2021SOFR is expected to be the most widely accepted benchmark rate used to replace LIBOR and MIFOR in India.
July 17, 2021The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.
June 22, 2021The unofficial guidance comes as Indian lawmakers look to introduce a ban on cryptocurrencies and penalise anyone dealing in them.
May 17, 2021An RBI working group has previously recommended limiting banks to a 20 percent stage in insurers, down from 50 percent currently.
March 6, 2021The approval comes two and a half years after WhatsApp launched in beta mode, but was then forced to comply with India's data localisation requirements.
November 9, 2020State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank's equity. The bank's moratorium will be lifted on Wednesday.
March 16, 2020Eight banks will be penalised for failure to lower lending rates by a 27 December 2019 deadline set by the central bank in September last year, intended to ensure the public benefits from monetary policy decisions.
January 7, 2020