RBI News & Updates

[minuteman]

Non-banks can't load credit lines into prepaid payment instruments: RBI tells fintechs

The move may impact credit products of fintech players who extend credit through prepaid payment instruments such as prepaid cards and wallets.

www.moneycontrol.com

 

[mikrotik]

This is nice. Atleast some shady loans won't appear on your cibil.

 

[Jonas]

Source

 

[Sushubh]

India on course to become world's fastest-growing economy, says RBI

India's economy has remained resilient in the face of global headwinds and with inflation coming off its recent peak is expected to stay on course to become the world's fastest-growing economy, the Reserve Bank of India said on Saturday.

www.reuters.com

 

[Sushubh]

RBI Invites Inputs for Cap on Credit Card Fees

The Reserve Bank of India (RBI), in a discussion paper on charges in the payments system, has flagged capping credit card fees as one of the issues to be considered.

www.moneylife.in

 

[Sushubh]

RBI governor: Need system to redress plaints tied to digital payments - Times of India

India Business News: RBI governor Shaktikanta Dashas slammed the lack of an effective grievance redress mechanism for customers among many payment system operators, underl

m.timesofindia.com

Proactive

 

[Sushubh]

RBI Slaps Penalties on Standard Chartered Bank-India, Other Entities

A monetary penalty of Rs 30 lakh has been imposed on Standard Chartered Bank-India for non-compliance with certain provisions of the ’Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’

www.news18.com

 

[Sushubh]

Visa, Matercard or Rupay? RBI wants card users to decide, not banks

Banking customers will soon have the option to decide their card network

www.thehindubusinessline.com

sure.

 

[Navjot Singh]

Nirmala jee sent specific orders if I remember asking banks to prioritise rupay. Why would they listen to RBI?

 

[Sushubh]

https://rbi.org.in//Scripts/BS_PressReleaseDisplay.aspx?prid=56103