Tag:RBI

News

137% Surge in UPI Transactions Amid Growing Concerns Over Fraud, Reveals RBI Report

In a stark revelation, the Reserve Bank of India (RBI) has disclosed a staggering surge in digital payment fraud, soaring to an unprecedented 14.57...
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News

UPI Dominates Digital Payments in FY24 with Record Growth: RBI Report

Unified Payments Interface (UPI) accounted for nearly four out of five digital payments in India during the financial year 2024 (FY24), according to the...
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News

RBI Shifts Strategy to Limit Rupee Volatility with Non-Deliverable Forwards

The Reserve Bank of India (RBI) is altering its approach to managing rupee volatility by increasingly utilizing non-deliverable forwards (NDFs) over traditional spot market...
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Transfer/Appointment

R. Lakshmi Kanth Rao Appointed as Executive Director of RBI

The Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as Executive Director, effective from May 10, 2024. Rao was previously serving...
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Banking

RBI Lifts Restrictions on Bank of Baroda’s Mobile App Bob World

The Reserve Bank of India (RBI) has granted Bank of Baroda to resume on-boarding customers through its mobile application, Bob World. This decision comes...
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Banking

RBI Directs Non-Bank Lenders to Adhere to Cash Payout Limit for Loans

India's Reserve Bank, in a recent move, cautioned non-bank lenders against surpassing the permissible limit of ₹20,000 ($240) for cash loans, aiming to curb...
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Appointment

Sanjeev Nautiyal Appointed as MD and CEO of Ujjivan Small Finance Bank

The Reserve Bank of India (RBI) has approved the appointment of Sanjeev Nautiyal as the Managing Director and Chief Executive Officer (CEO) of Ujjivan...
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Appointment

Atanu Chakraborty Reappointed as Part-Time Chairman of HDFC Bank Board

The Reserve Bank of India (RBI) has approved the reappointment of retired IAS officer Atanu Chakraborty as the part-time Chairman and Independent Director of...
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Latest news

Appointment

Kirit Patel Appointed Chief Executive Officer at Naffo Technologies

Naffo Technologies has appointed Kirit Patel as its Chief Executive Officer (CEO), bringing new leadership to the company’s senior...
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Appointment

BNP Paribas India Appoints Bhavna Kumar as Managing Director – Human Resources

BNP Paribas India has appointed Bhavna Kumar as Managing Director – Human Resources, strengthening its senior leadership team. In...
Appointment

Himanshu Shekhar Joins VEGA as Head of Digital, D2C and Growth

VEGA has appointed Himanshu Shekhar as Head – Digital, D2C & Growth, strengthening its leadership across digital and direct-to-consumer...