RBI

Reserve Bank of India (RBI) on Wednesday further liberalised norms to boost inflows of foreign exchange, including doubling the borrowing limit under the ECB route, amid the rupee falling against the US dollar. In a statement, the…

India has made significant progress and moved to a leadership position in large-value digital payment systems, though it is still weak in certain parameters relating to ATMs and card payments, a RBI report said on Friday. India was…

In its latest financial stability report published on Thursday, the Reserve Bank of India, or RBI, reiterated its skepticism of digital assets, writing: "We must be mindful of the emerging risks on the horizon. Cryptocurrencies are a…

Credit growth to industry accelerated to 8.7 per cent in May 2022, while for agriculture and allied activities, the off-take increased by 11.8 per cent, according to RBI data released on Thursday. Data on sectoral deployment of bank…

The growth in Scheduled Commercial Banks (SCBs) deposits moderated to 10 per cent year-on-year in March 2022, compared to an increase of 11.9 per cent a year ago, RBI data showed. During 2021-2022, current, savings and term deposits rose…

By Amol Agrawal The Reserve Bank of India (RBI) released the report of the Regulatory Review Authority (RRA 2.0) recently. RBI had set up RRA in 2021 to ‘reduce the compliance burden on Regulated Entities (REs) by streamlining the…

By Shashank Didmishe The Reserve Bank of India (RBI) on Friday extended the deadline for merchants to delete the card storage data of their customers under the card-on-file tokenisation system by three months till September 30. This is…

The fintech lending industry is likely to request the Reserve Bank of India (RBI) to apply a one-year grandfathering clause to its new circular, barring the loading of wallets with credit lines, three people in the know told FE. The…

The Reserve Bank on Thursday proposed norms for the outsourcing of IT services to ring-fence banks and other regulated entities from financial, operational and reputational risks. Regulated entities (REs) will not require prior…

By Shashank Didmishe Fintech players are expecting some disruptions to be caused by the norms proposed by the Reserve Bank of India (RBI) on buy now pay later (BNPL) ecosystem. However, by providing transparency to the largely…