The 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, 2022Kotak Mahindra Bank suggests such digital frauds are not being reported by other banks, making its own figures look disproportionately higher.
September 6, 2022Unauthorised persons securing or attempting to secure access to protected systems can be jailed for up to ten years and liable for a fine.
June 22, 2022The merger is made possible by regulatory guidelines issued last year which reduced the arbitrage NBFCs have enjoyed over banks while also allowing large NBFCs to become banks.
April 5, 2022SBI, ICICI Bank and HDFC Bank continue to be identified as D-SIBs, under the same bucketing structure as in the 2020 list.
January 6, 2022Eight 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, 2021The case dates back to 2019, when the brokerage was found to have pledged client securities at banks to secure loans for use as working capital.
August 26, 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, 2021HDFC violated rules that prohibit banks from entering into any business unrelated to financial services.
June 3, 2021The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.
June 2, 2021