All posts tagged "ICICI Bank"
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247Fintech / RegtechRBI Account Aggregator Framework Brings Open Banking to India
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, 2021 -
209EnforcementIndian Police Arrest Karvy Stock Broking Founder for Fraud
The 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, 2021 -
187FeatureRBI Amends Guidelines to Facilitate LIBOR Transition
Banks 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, 2021 -
202FeatureIndia Launches New Digital Payment Solution Nationwide
e-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, 2021 -
130IndiaAxis Bank Announces First Derivative Transaction Linked to SOFR
SOFR is expected to be the most widely accepted benchmark rate used to replace LIBOR and MIFOR in India.
July 17, 2021 -
191India
RBI Urges Banks to Stop Using LIBOR, MIFOR
FIs are asked to instead use 'any widely accepted ARR'. Currently, there is no consensus on a new ARR for India. SOFR is widely expected to be accepted.
July 11, 2021 -
129Enforcement105 More Charges Laid Against Hin Leong Founder
Lim Oon Kuin now faces a total of 130 charges, including 68 for cheating, 47 for abetment of forgery, and 14 for abetment for forgery for the purpose of cheating.
June 28, 2021 -
397Fintech / RegtechRBI Asks Banks to Cut Ties With Cryptocurrency Exchanges
The unofficial guidance comes as Indian lawmakers look to introduce a ban on cryptocurrencies and penalise anyone dealing in them.
May 17, 2021 -
1.8KFeatureWhatsApp Wins Approval to Launch Payments Service in India
The 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, 2020 -
1.4KAML / KYCUIDAI, NPCI Testing Face Authentication with Banks
NPCI has commenced phase one tests of using facial authentication in non-financial transactions with ICICI Bank, Yes Bank, RBL Bank and Fino Payments Bank.
October 8, 2020
