RBI

Payment apps which offer UPI services, payments like Google Pay, PhonePe, and others could soon set limits on transactions. The matter under consideration This means users will no longer have the freedom to make unlimited…

In a step taken towards digital currencies, the Reserve Bank of India released a concept note on Friday upon its digital currency and said that the work for the pilot launch of digital Rupee or e-Rupee will be started soon across the…

The Reserve Bank of India notified on Thursday that it canceled the license of Maharashtra-based Laxmi Co-operative bank, saying that the lender does not have adequate capital and earning prospects. Members and non-members of such…

RBI has lifted restrictions imposed on American Express Banking Corp after the latter demonstrated satisfactory compliance to RBI rules. The restrictions were imposed based on an order dated April 23, 2021 in accordance with RBI…

The RBI has invited feedback from stakeholders on the possibility of imposing a “tiered” charge on payments made through UPI based on different amount bands. Back in 2020, the Union government had mandated a zero-charge framework…

With the new guidelines the RBI seeks to protect consumers against predatory, unregulated lending apps. The Reserve Bank of India has issued the first set of guidelines for digital lending. It addresses concerns consumers had with…

RBI Launches Mechanism To Settle International Transactions In Indian Rupees In order to promote global trade with emphasis on exports from India, on Monday, Reserve Bank of India (RBI) announced certain measures to settle international…

RBI Issues Guidelines For IT Outsourcing By Banks, NBFCs: No Permission Needed From RBI The Reserve Bank of India has made proposals for outsourcing IT services to ring-fence banks and other regulated entities (REs) from risks of…

RBI Stops Non-Banks From Issuing Credit Line To Users: How Will This Impact You? Giving a blow to several fintech players, the Reserve bank of India asked the non-bank prepaid instruments (PPIs) issuers to not load these with a credit…

New Credit/Debit Card Rules: Extension Granted For These Changes Till October, 2022 (Get Full Details) The Reserve Bank of India (RBI) has decided to provide a three-month extension after June 30, 2022 for certain provisions considering…