Reserve Bank of India
Reserve Bank of India raises offline payment limits
Reserve Bank of India raises offline payment limits
The cap for transactions increased to $11.81 from $5.90.
India’s Navi Finserv now allowed to sanction, disburse loans
The central bank said that it is satisfied with Navi Finserv’s revamped processes and systems.
Indian banks told to bring down number of inoperative, frozen accounts
Many of these result from banks’ backlog in their period verification of bank accounts.
Three Indian banks penalized for lending violations
Two banks sanctioned loans to its directors, the RBI stated in separate notices.
India, Maldives ink deal to promote local currencies for cross-border trade
Both countries aim to reduce costs and expedite settlement times for transactions.
India’s central bank warns against deepfake videos involving governor
The videos claim that its governor supports investment schemes.
India urges banks to review digital payment access for disabled users
They must submit a plan of action for any modification within a month’s time.
India and Maldives ink currency swap agreement
The agreement is valid until June 2027.
RBI deputy governor calls for enhanced financing access for Indian farmers
Shri Swaminathan Janakiraman suggested five solutions to address financing issues.
Indian banks deposits and credit grow at the same pace
Deposits have expanded by $147.73b between January-August 2024.
India warns against fraudsters’ posing as central bank employees
They would use fake letterheads or threaten to close bank accounts.
India names first self-regulatory organisation for fintechs
There are two more applications pending, according to the central bank.
Regulators' push to curb tech outages may boost bank expenses by 20%
Banks in South and Southeast Asia must enhance tech systems or face firmer penalties.
India mandates banks to issue fraud notices: report
The time allotted to respond should not be less than 21 days.
India rolls out online platforms and repositories for enhanced regulation
PRAVAAH makes it easier to apply for a license and obtain regulatory approval.
India’s central bank names new executive director
Shri R. Lakshmi Kanth Rao was previously a head at the department of regulation.
India changes criteria for small banks seeking to be universal banks
Net worth lowered, but must be profitable in the past two years.
Thought Leadership Centre
In Association with
In Association with
Resource Center
Read Here
Advertise
Sign Up
Awards
Jul
04
Jul
03
Jul
03
Events
Event News
ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
Commentary
Southeast Asia’s digital banks – the road from good to great