RBI

RBI Fines 19 Lenders For SWIFT Non-Compliance
RBI Fines 19 Lenders For SWIFT Non-Compliance
March 05, 2019  |  Regulation

The Reserve Bank of India (RBI), the country’s central banking institution, has fined almost 20 lenders, including the State Bank of India and ICICI Bank,...

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RBI Boosts Regulatory Actions On Bank Lapses
RBI Boosts Regulatory Actions On Bank Lapses
February 18, 2019  |  Bank Regulation

Data show that the Reserve Bank of India has been stepping up actions taken against banks for regulatory lapses, as measured over the last two...

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The Dark Side Of India’s New eCommerce Rules
The Dark Side Of India’s New eCommerce Rules
January 28, 2019  |  Regulation

Barring any reprieve, Feb. 1 marks a sea change for India’s eCommerce sector. New rules may hobble giants like Amazon and Flipkart from offering discounts or...

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India’s Central Bank To Make Decision On Easing Lending Curbs
India’s Central Bank To Make Decision On Easing Lending Curbs
January 10, 2019  |  Regulation

The Reserve Bank of India (RBI) is in the process of reviewing the December quarterly results of state-owned banks to determine if lending restrictions will be...

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India’s ATM Closures Seen As Boost To Demonetization Efforts
India’s ATM Closures Seen As Boost To Demonetization Efforts
December 14, 2018  |  Cash

In November 2016, the Indian government issued a ban on the nation’s higher-denomination 500- and 1000-rupee notes, essentially deeming 86 percent of its currency invalid....

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India’s RBI Wants Its Governor To Lead Payments Regulator
India’s RBI Wants Its Governor To Lead Payments Regulator
October 19, 2018  |  International

Following the proposal of a payments regulator to be established independent of the Reserve Bank of India (RBI), the central bank has put forward a...

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Flywire Streamlines Tuition Payments For Indian Students
Flywire Streamlines Tuition Payments For Indian Students
October 18, 2018  |  Faster Payments

Most people know that China is the world-leading supplier of students studying abroad. As of 2017, a little more than 600,000 Chinese students left the country to...

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Bitcoin Daily: Big ICOs Avoided Ethereum Crash By Cashing Out; Bitcoin Falls For Second Consecutive Month
Bitcoin Daily: Big ICOs Avoided Ethereum Crash By Cashing Out; Bitcoin Falls For Second Consecutive...
October 02, 2018  |  Bitcoin

Big initial coin offering (ICO) projects studied by Bitmex may have avoided the crash in Ethereum prices by converting their resources in the digital currency...

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Default By Top India Non-Bank Lender Rattles Market
Default By Top India Non-Bank Lender Rattles Market
October 01, 2018  |  B2B Payments

A top infrastructure lender in India is now being questioned by regulators over its $12.6 billion debt, just months after creditors gave the lender a...

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