Reserve Bank Of India

Paytm CEO: Investors Don’t Have Access to User Data
Paytm CEO: Investors Don’t Have Access to User Data
March 15, 2022  |  Bank Regulation

Paytm CEO Vijay Shekhar Sharma said investors in his firm do not have access to customer data, in a bid to ease concerns over reports...

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Paytm Bank Under Audit Over Alleged Data Sharing With China
Paytm Bank Under Audit Over Alleged Data Sharing With China
March 14, 2022  |  Bank Regulation

Paytm Payment Bank is being audited by the Reserve Bank of India (RBI) over allegations that it engaged in data sharing with organizations based in...

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RBI Blocks Paytm Bank From Accepting New Customers
RBI Blocks Paytm Bank From Accepting New Customers
March 11, 2022  |  Digital Banking

India’s central bank has blocked Paytm Payments Bank from welcoming new customers pending an audit of its IT systems, according to a press release Friday...

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RBI Urges Caution Over Indian Carpool App sRide
RBI Urges Caution Over Indian Carpool App sRide
February 22, 2022  |  Ridesharing

India’s central bank says the country’s largest carpooling and bike pooling app is operating an unauthorized prepaid wallet. Get the Full Story Complete the form...

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RBI Official Likens Crypto to ‘Ponzi Schemes’
RBI Official Likens Crypto to ‘Ponzi Schemes’
February 14, 2022  |  Cryptocurrency

Cryptocurrencies are like a pyramid scheme and should be banned in India, a deputy governor at the country’s central bank said Monday (Feb. 14). Get...

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RBI Hikes Cap on e-Rupi to Push Offline Digital Payments
RBI Hikes Cap on e-Rupi to Push Offline Digital Payments
February 13, 2022  |  Digital Payments

The e-Rupi voucher cap is increasing to ₹1 lakh, which will add to digital payments offline and make for more direct transfers without a bank...

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Announcing Crypto Trading Tax and Digital Rupee Plans, India Makes Clear Payments Are Out
Announcing Crypto Trading Tax and Digital Rupee Plans, India Makes Clear Payments Are Out
February 01, 2022  |  Cryptocurrency

India’s finance minister just announced that India’s next budget will include a 30% tax on cryptocurrency, suggesting a long-feared total ban is likely off the...

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India’s Central Bank Starts FinTech Division
India’s Central Bank Starts FinTech Division
January 10, 2022  |  International

India’s central bank is setting up a FinTech department to drive innovation, oversee the exchange of cryptocurrencies and develop regulations for the release of its...

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Reserve Bank of India’s Acceptance of Digital Rupee Highlights Privacy Concerns
Reserve Bank of India’s Acceptance of Digital Rupee Highlights Privacy Concerns
December 29, 2021  |  CBDC

If you look deeper at the news of India’s central bank accepting a “basic” digital rupee as “a safe, robust, and convenient alternative to physical...

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