by AIP Online Bureau | Dec 15, 2021 | Articles, Eco/Invest/Demography, Regulation, Technology
According to RBI, ‘while the guidelines will be technology and platform agnostic, it will create an enhanced and enabling environment for customers to use digital payment products in a more safe and secure manner.’ The digital payments growth in India has...
by AIP Online Bureau | Dec 12, 2021 | Eco/Invest/Demography, Indian News, Regulation, Workplace/Employee Benefits
RBI Governor Shaktikanta Das PM Modi said that over 1 lakh depositors have got about Rs 1,300 crore of their money with stressed banks in the past few days with the enactment of the legislation.He assured that about three lakh more such account holders will get their...
by AIP Online Bureau | Dec 8, 2021 | Eco/Invest/Demography, Indian News, Regulation, Technology
“Main concern comes from the angle of cybersecurity and possibility of digital frauds. We have to be very careful about that,” said RBI governor Das Mumbai: As the RBI moves ahead for the launch of the central bank digital currency (CBDC), Governor...
by AIP Online Bureau | Dec 8, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
Shaktikanta Das, governor, RBI The RBI’s monetary policy committee held the lending rate, or the repo rate, at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35% RBI governor Das said that the Indian economy is relatively...
by AIP Online Bureau | Nov 29, 2021 | Indian News, Life, Non-Life, Regulation
In a statement on its website, the central bank said it has superseded the board, “in view of the defaults by RCL (Reliance Capital Ltd) in meeting the various payment obligations to its creditors and serious governance concerns which the board has not been able to...
