RBI greenlights 32 companies’ applications to operate as online payment aggregators
The Reserve Bank of India on Wednesday said that it has granted in-principle approval to 32 payment aggregators including Amazon ...
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Tag: rbi
Several banks open special vostro accounts for trade in rupee, more countries expressing interest
Several banks, including HDFC Bank and UCO Bank, have opened special vostro accounts to facilitate overseas trade in the rupee ...
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In a first for India, Paytm Payments Bank launches UPI LITE feature
Paytm Payments Bank Limited (PPBL) on Wednesday went live with its UPI LITE, a feature enabled by National Payments Corporation ...
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Goldman Sachs leads India fintech funding while deals dry up
Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually ...
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Payment aggregators acting as loan service providers cannot handle funds between the lender and the borrower
The Reserve Bank of India in a set of FAQs on digital lending guidelines has clarified that payment aggregators acting ...
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ICICI Bank signs MoU with European bank BNP Paribas
ICICI Bank on Tuesday signed a Memorandum of Understanding (MoU) with a European bank BNP Paribas in order to cater ...
Read moreRBI cancels registration of two entities for regulatory lapses
The Reserve Bank of India on Monday said it has cancelled the registration of two non-banking finance companies (NBFCs) - ...
Read moreRBI, Yes Bank move SC against HC order setting aside ₹8.4k cr AT-1 bonds writeoff
The Reserve Bank of India (RBI) and Yes Bank have moved the Supreme Court against a Bombay High Court order ...
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HDFC Bank begins offline payment pilot under RBI sandbox
The country's largest private sector lender HDFC Bank on Monday said it is attempting to execute digital payments in an ...
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Banks report record quarterly NII in Q3 amid improving credit offtake and better asset quality
The banking sector reported the strongest year-on-year growth in net interest income (NII) for the December 2022 quarter since the ...
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