by AIP Online Bureau | Mar 18, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation
Even though India is making steady progress on the domestic front, the spiralling oil and gas prices and unsettled financial market conditions also pose fresh headwinds to the still incomplete global recovery, it observed The RBI also said that a rapid and large...
by AIP Online Bureau | Mar 12, 2022 | Indian News, Regulation, Technology
“The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system. Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by RBI after reviewing report of...
by AIP Online Bureau | Mar 6, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology
SBI is learnt to have issued a circular as it fears that any transaction with entities or sectors under sanction will invite sanctions on it as well. Russia is one of the biggest suppliers of defence products and equipment to India mostly under...
by AIP Online Bureau | Feb 15, 2022 | Indian News, Regulation, Technology
”We have also seen that cryptocurrencies are not amenable to definition as a currency, asset or commodity; they have no underlying cash flows, they have no intrinsic value; that they are akin to Ponzi schemes, and may even be worse. These should be reason enough...
by AIP Online Bureau | Feb 10, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Wealth Management/ Philanthropy
Private cryptocurrencies or whatever name you call it are a threat to our macroeconomic stability and financial stability. They will undermine the RBI’s ability to deal with issues of financial stability and macroeconomic stability, Das said Mumbai: Governor...
