The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.
July 20, 2022The RBI's directions are expected to curb frauds like card skimming and cloning. The UPI will be used for customer authorisation.
May 26, 2022The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.
May 6, 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, 2022UPI-based instant payments can be enabled on some 400 million feature phones in India that do not have an internet connection.
March 15, 2022Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.
October 20, 2021The move will enhance access for non-resident investors and facilitate the inclusion of Indian G-secs in global bond indices.
September 5, 2021RBI governor Shaktikanta Das said the central bank is studying various aspects of a digital rupee with a view to conducting trials in December.
August 31, 2021The impacts of the second wave of the Covid-19 pandemic have been visible in the real estate sector, the RBI said. It is also monitoring stressed assets in the banking sector.
August 9, 2021Prepaid payment instruments, white label ATM operators and card networks can now connect to the RTGS and NEFT systems.
July 29, 2021