by AIP Online Bureau | Sep 20, 2022 | Indian News, Intermediaries, Regulation, Risk Management, Technology
Shaktikanta Das,governor, RBI The statement assumes importance in the wake of the recent incidences wherein a few people who borrowed through these apps have been forced to commit suicide and the last week’s incidence of a young pregnant woman being mowed down...
by AIP Online Bureau | Sep 2, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management
His remarks came after data on Wednesday showed India’s gross domestic product grew less than RBI’s estimate of a 16.2% expansion, and signs that domestic demand will further moderate as borrowing costs rise are emerging Mumbai: India’s central bank will seek to...
by AIP Online Bureau | Aug 29, 2022 | Banking & Bancassurance, Indian News, Regulation
Such a database will help prevent these fraudsters from repeating the fraud as the websites or phone numbers would be blacklisted, RBI executive director Anil Kumar Sharma said on Monday New Delhi: As part of its efforts to strengthen customer protection, Reserve Bank...
by AIP Online Bureau | Aug 19, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
“The gradual approach to privatisation adopted by the government can ensure that a void is not created in fulfilling the social objective of financial inclusion”. Mumbai: The Reserve Bank of India (RBI) on Friday issued a clarification on a report related to the...
by AIP Online Bureau | Aug 18, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology
The focus of RBI’s initiatives in the payment systems has been to ease frictions which may arise from systemic, procedural or revenue-related issues. While there are many intermediaries in the payments transaction chain, consumer complaints are generally about...
