by AIP Online Bureau | Jun 21, 2022 | Banking & Bancassurance, Indian News, Regulation
As per the Master Direction, card issuers must seek One Time Password (OTP) based consent from the cardholder for activating a credit card, if the same has not been activated by the customer for more than 30 days from the date of issuance Mumbai: The Reserve Bank on...
by AIP Online Bureau | Jun 17, 2022 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
Shaktikanta Das,Governor,RBI The entry of firms like Google, Amazon, and Facebook (Meta), referred to as big tech companies, also poses question marks around competition and data privacy. Das said deploying harsh recovery methods like calling up at odd hours or using...
by AIP Online Bureau | Jun 8, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Wealth Management/ Philanthropy
Shaktikanta Das.Governor,RBI RBI Governor Shaktikanta Das said that real GDP for FY23 is seen at 7.2%, and that for Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1%, and Q4 at 4%. The inflation projection for the current financial year is seen at 6.7% and for Q1 at 7.5%, Q2 at...
by AIP Online Bureau | Jun 5, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Policy
Recently in a TV interview, the governor said that the ”expectation of rate hike is a no-brainer, there will be some increase in the repo rates, but by how much I will not be able to tell now but to say that 5.15 may not be very accurate”. Mumbai: With...
by AIP Online Bureau | Jun 3, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology, Wealth Management/ Philanthropy
T Rabi Sankar, Deputy Governor,Reserve Bank of India The RBI has been vehemently opposed to cryptocurrencies like Bitcoin, saying there is no underlying value for such instruments which are essentially speculative in nature. It has gone public with the same, even as...
