A meeting with banks and payments firms was convened by federal authorities in the wake of recent disruptions at Uco Bank and Bank of Baroda
November 30, 2023The action comes after it was reported in July that some bank employees onboarded fake customers to meet sign-up targets.
October 13, 2023India's government has asked public sector banks to explore consolidating the business they conduct through overseas branches to GIFT City.
May 5, 2023The RBI will also commence testing of a retail CBDC "within a month" in select locations in "closed user groups comprising customers and merchants".
November 1, 2022The units were established by 24 banks to house digital infrastructure for the delivery of digital banking products and services in self-service and assisted mode.
October 20, 2022The RBI has reportedly asked State Bank of India, Punjab National Bank, Union Bank of India and Bank of Baroda to run a CBDC pilot internally.
September 5, 2022RBI governor Shaktikanta Das said the underlying focus of the innovation hub will be to promote inclusive access to financial services and products.
March 28, 2022e-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, 2021The banks include Credit Suisse, Central Bank of India, SBI, Bank of Baroda, Bank of Maharashtra, IndusInd Bank, and Indian Bank, among others.
July 13, 2021The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.
June 22, 2021