Tag:RBI

News

RBI Governor Flags Cost Concerns in UPI Ecosystem, Questions Long-Term Viability of No-Fee Model

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Thursday reiterated that while the Unified Payments Interface (UPI) continues to be a no-cost service...
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News

RBI Grants ‘In-Principle’ Nod to AU Small Finance Bank to Transition into Universal Bank

The Reserve Bank of India (RBI) has granted ‘in-principle’ approval to AU Small Finance Bank Ltd (AUSFB) for transitioning into a universal bank, marking...
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News

NABARD and RBI Promote Rural Financial Literacy through Various Initiatives; 2,421 Centres for Financial Literacy Set up Nationwide

National Bank for Agriculture and Rural Development (NABARD) and Reserve Bank of India (RBI) have undertaken various interventions to promote financial literacy and awareness...
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News

RBI Proposes New Unified Eligibility Norms for Urban Cooperative Banks

The Reserve Bank of India (RBI) has released a draft master circular proposing a unified eligibility framework for Urban Cooperative Banks (UCBs), aimed at...
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News

RBI Deputy Governor Warns Against Unethical Practices in Banks and NBFCs Amid Rising Competitive Pressures

Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI), has raised serious concerns over the increasing tendency among certain banks and non-banking...
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News

Digital Payment Surge: Over 65,000 Crore Transactions Worth ₹12,000 Lakh Crore in 6 Years, Says Finance Ministry

The Government has been closely working with different stakeholders including the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI), fintechs, banks...
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News

RBI Advises Banks to Integrate DoT’s Financial Fraud Risk Indicator, Landmark Step to Prevent Cyber Fraud

Reserve Bank of India’s (RBI) has issued an advisory, directing all Scheduled Commercial Banks, Small Finance Banks, Payments Banks, and Co-operative Banks to integrate...
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Telecom

TRAI Launches Pilot Project for Digital Consent Management in Partnership with RBI and Select Banks

The Telecom Regulatory Authority of India (TRAI) has observed that a large number of spam complaints are made by the customers against the business...
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Latest news

Transfer/Appointment

Lt. Gen Syed Ata Hasnain (Retd.) Appointed Governor of Bihar

Lt. Gen Syed Ata Hasnain (Retd.) has been appointed as the Governor of Bihar, marking the transition of the...
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Appoitment

Sanjay Agarwal Reappointed as MD & CEO of AU Small Finance Bank

AU Small Finance Bank has reappointed Sanjay Agarwal as its Managing Director & Chief Executive Officer, reaffirming leadership continuity...
Transfer/Appointment

Odisha IAS Reshuffle: Key Changes Across MSME, Industry and Governance Sectors

The Government of Odisha has issued a fresh round of administrative adjustments among senior IAS officers, as per a...