RazorPay, Pine Labs among others to get RBI's nod for payment aggregator licence: Report
Mumbai: The Reserve Bank of India (RBI) has given in-principle nod to RazorPay and Pine Labs among other payment gateways and fintech companies who had applied for payment aggregator licence.
Non-banks can't load credit lines into prepaid credit instruments, RBI tells fintechs: Report
The Reserve Bank of India (RBI) on Monday issued a clarification on Prepaid Payment Instruments (PPIs) such as wallets and prepaid cards, stating that they cannot offer credit lines through these instruments, media reports said.
RBI lifts restrictions on Mastercard
Mumbai: Mastercard is back in the good books of the Reserve Bank of India (RBI) almost a year after the central bank imposed restrictions on its operations.
Mumbai: After rising to a 95-month (almost 8 years) high to 7.79 percent in Apr’22, CPI inflation moderated to 7.04% in May’22 due to broad-based deceleration. Core CPI also moderated in May to 6.09% as compared to 6.97% in Apr’22, State Bank of India’s Economic Research Department said Monday.
Mumbai: As widely expected, RBI’s Monetary Policy Committee unanimously decided to increase the policy Repo rate by 50 bps to 4.90% while also remaining focused on ‘withdrawal of accommodation’ to ensure that inflation remains within the target going forward, all the while supporting growth. RBI has retained its real GDP growth forecast for FY23 at 7.2% with risks broadly balanced.
Reserve Bank of India allows credit card linking with UPI
Mumbai: The Reserve Bank of India (RBI) on Wednesday announced that credit cards will be linked to the UPI accounts.
RBI policy rate hike: Experts react
Mumbai: Reserve Bank of India's hike in repo rate by 50 basis points (bps) to 4.90 percent is an expected move amid the current inflationary pressures and more hikes can follow in the subsequent months, said experts.
Reserve Bank of India hikes repo rate by 50 bps to 4.90 percent, loans to become costlier
Mumbai: As widely expected, the Reserve Bank of India (RBI) on Wednesday hiked policy repo rate by 50 basis points (bps) to 4.90 per cent with immediate effect.
Banks, merchants race to meet card tokenisation deadline
The banks and merchants have asked their customers to tokenise their debit and credit cards ahead of the June 30, media reports said.
RBI hikes repo rate by 50 basis points
New Delhi: The Reserve Bank of India on Wednesday announced the decision to hike repo rate by 50 basis points to 4.90 percent.
Banks request RBI to not raise CRR in next monetary policy meet
Mumbai: Banks have approached the Reserve Bank of India (RBI), requesting not to further increase the Cash Reserve Ratio (CRR) threshold in the upcoming monetary policy meeting to allow credit growth amid already tightened liquidity following the last monetary policy in early May.
RBI considers using images of Rabindranath Tagore, APJ Abdul Kalam on banknotes: Report
The Finance Ministry and the Reserve Bank of India are considering using watermark figures of two of India's greatest personalities Rabindranath Tagore and APJ Abdul Kalam on Indian currency notes, according to a media report.
Natarajan Sundar joins NARCL as MD CEO and Karnam Sekar and Malvika Sinha as Independent Directors
New Delhi: National Assets Reconstruction Company Ltd (NARCL), the special purpose vehicle set up as a joint initiative of Public and Private Sector Banks onboarded Natarajan Sundar as its MD CEO on May 30, 2022, according to an official release.
High WPI inflation to impact retail inflation: RBI
Mumbai: Amid rising commodity prices and supply chain bottlenecks, the Reserve Bank of India (RBI) on Friday cautioned about the high wholesale price inflation impacting the retail inflation.
RBI issues directive on card-less cash withdrawal
Mumbai: The Reserve Bank of India (RBI) has asked all banks and ATM service providers to offer a cardless cash withdrawal facility