RBI approves Open, Cashfree Payments, PayNearby and Fairexpay for Cross-Border Payments
The Reserve Bank of India gave the go-ahead to Open, Cashfree Payments, PayNearby & Fairexpay, providers of payments and API …
RBI
RBI extends date for implementation of provisions concerning card issuance
The Reserve Bank of India has notified that it has extended the timeline for implementation of a few provisions …
RBI appointed Anand Mahindra and Venu Srinivasan to RBI Board
The Central Government has nominated Anand Gopal Mahindra (Chairman of Mahindra group), Venu Srinivasan (TVS Motor’s Chairman), Pankaj Ramanbhai …
RBI decides to give ₹30,307 cr FY22 dividend to Centre
The RBI has approved a dividend payment of Rs. 30,307 crore to the Centre for the fiscal year 2021-22. The bank’s central board …
BSE named Ex RBI Deputy Governor SS Mundra as Chairman
Leading stock exchange BSE Limited approved the appointment of SS Mundra, Public Interest Director as the Chairman of …
RBI imposed Rs 59 lakh penalty on KEB Hana Bank
The Reserve Bank of India (RBI) has levied a monetary penalty of 59 lakh rupees (Rupees Fifty Nine …
RBI raises repo rate by 40 basis points to 4.40%
The Reserve Bank of India (RBI) has raised the Repo rate by 40 basis points to 4.40% and the cash reserve …
RBI releases Guidelines on Establishment of Digital Banking Units (DBUs)
The Reserve Bank of India (RBI) on Thursday issued guidelines for the establishment of ‘Digital Banking Units’ as …
RBI lifts interest cap on microfinance institutions
The RBI has released its final guidelines for microfinance loans, lifting an interest cap and allowing companies to have a board-approved policy …
RBI barred Paytm Payments Bank from adding new customers
RBI has barred Paytm Payments Bank from opening new accounts or adding new subscribers with immediate effect. RBI has also directed …