Reserve Bank Of India

India Seizes Control Of Yes Bank, Plans Bailout
India Seizes Control Of Yes Bank, Plans Bailout
March 06, 2020  |  International

The Indian government has seized control of its fourth-largest private bank as it organizes a bailout plan and temporarily limits how much depositors can withdraw,...

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India Set To Pass Payments Data Protection Law
India Set To Pass Payments Data Protection Law
January 22, 2020  |  International

Will India prove to be a model for open banking? Will it be a fast follower – or a cautionary tale? India is on the...

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Reserve Bank Of India Modifies Penalties For Regulatory Non-Compliance
Reserve Bank Of India Modifies Penalties For Regulatory Non-Compliance
January 13, 2020  |  Bank Regulation

In order to enhance and ensure security and safety for all stakeholders — including, most critically, customers — the Reserve Bank of India (RBI) last...

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RBI Enables UPI Payments For Tolls
RBI Enables UPI Payments For Tolls
December 30, 2019  |  International

The Reserve Bank of India (RBI) has made some payment moves to boost the National Electronic Toll Collection (NETC) in the country, according to the...

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Western Union Enables Real-Time Global Transfers Via India’s UPI
Western Union Enables Real-Time Global Transfers Via India’s UPI
October 25, 2019  |  Cross-border Payments

Cross-border payments firm Western Union is advancing real-time money transfers to customers in India, the company said in a press release on Friday (Oct. 25)....

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Reserve Bank Of India Provides Guidelines For Payment Systems
Reserve Bank Of India Provides Guidelines For Payment Systems
October 15, 2019  |  International

The Reserve Bank of India (RBI) has set forth guidelines for “on tap” authorization for various payment systems, including the Bharat Bill Payment Operating Unit...

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Razorpay Hires Mastercard Exec To Work With RBI On Payment Regs
Razorpay Hires Mastercard Exec To Work With RBI On Payment Regs
October 13, 2019  |  Regulation

Bengaluru-based Razorpay would like to work with the Reserve Bank of India (RBI) on new regulations that would make it mandatory for payments companies to...

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RBI Claims India Banking Is ‘Safe And Stable’ After PMC Crisis
RBI Claims India Banking Is ‘Safe And Stable’ After PMC Crisis
October 02, 2019  |  Banking

The Reserve Bank of India is trying to reassure savers that all is well after a recent crisis involving Punjab and Maharashtra Co-operative Bank (PMC)....

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In Ireland, Banking Federation Promotes FinTech Foresight
In Ireland, Banking Federation Promotes FinTech Foresight
August 21, 2019  |  B2B Payments

International efforts to spur FinTech development and collaboration have made inroads in Ireland, with a new FinTech focused group formed to tackle innovation across financial...

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