PhonePe to exit from Account Aggregator Business, surrenders NBFC-AA Licence
PhonePe Group has announced its decision to exit the Account Aggregator (AA) business and surrender its NBFC-AA licence to the ...
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Tag: rbi
RBI unveils NBFCs in upper layer under scale-based regulation for 2024-25
The Reserve Bank of India (RBI) has announced the list of Non-Banking Financial Companies (NBFCs) classified under the Upper Layer ...
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RBI and NPCI enable co-operative banks for UPI merchant acquiring
The National Payments Corporation of India (NPCI) has issued guidelines on merchant acquiring in Unified Payments Interface (UPI) by co-operative ...
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U Gro Capital adds 74 new branches
Despite a challenging environment for Non-Banking Financial Companies (NBFCs) in India, U Gro Capital continues to strengthen its mission of ...
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RBI approves merger of National Co-operative Bank with Cosmos Co-operative Bank
The Reserve Bank of India (RBI) recently announced the approval of the voluntary merger of The National Co-operative Bank, Bangalore, ...
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Rajat Verma set to lead as India CEO at DBS from March 2025
Development Bank of Singapore (DBS) will be appointing Rajat Verma as Chief Executive Officer (CEO) of DBS India with effect ...
Read moreRBI introduces beneficiary bank account name look-up facility for RTGS and NEFT transactions
In a significant move to enhance the security and transparency of digital transactions, the Reserve Bank of India (RBI) has ...
Read moreRBI introduces UPI access for prepaid wallets via third-party apps
The Reserve Bank of India (RBI) has enabled Prepaid Payment Instrument (PPI) holders to make Unified Payments Interface (UPI) transactions ...
Read moreRBI establishes panel to develop ethical AI framework
The Reserve Bank of India (RBI) has constituted an eight-member committee to establish a framework for the responsible and ethical ...
Read moreRBI unveils MuleHunter.ai to combat digital fraud
The Reserve Bank of India (RBI) has introduced MuleHunter.ai, an advanced artificial intelligence (AI) system aimed at addressing the growing ...
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