Articles with tag like: Reserve Bank of India

Found 36 results in 879 milliseconds.

RBI penalises Indian co-op bank for KYC violation during exchange of demonetised notes

News | Digital Identity, Security & Online Fraud | 13 Apr 2021

The Reserve Bank of India has penalised the Bihar Awami Co-operative Bank for violation of directions on KYC and guidelines related to exchange of demonetised notes.

Reserve Bank of India, KYC, identity verification, compliance, banks

Reserve Bank of India extends timeline for processing of recurring online transactions

News | Online Payments | 01 Apr 2021

The Reserve Bank of India (RBI) has extended the timeline for banks and other institutions to migrate to the framework for processing of e-mandates on recurring online transactions.

Reserve Bank of India, recurring payments, online payments

Indian central bank unveils new fund to support digital payments infrastructure

News | Payments General | 06 Jan 2021

The Reserve Bank of India (RBI) has unveiled operating guidelines for the Payments Infrastructure Development Fund (PIDF), to boost digital payments acceptance in lower-tier cities.

digital payments, Reserve Bank of India, payments

RBI rolls out digital payment index

News | Payments General | 05 Jan 2021

The Reserve Bank of India (RBI) has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across India, according to thehindu.com.

RBI, Reserve Bank of India, RBI, Digital Payments Index, DPI, digitisation, payments

RBI announces RTGS to run 24x7 from December 2020

News | Payments General | 12 Oct 2020

The Reserve Bank of India (RBI) has announced that online transfer of funds through real-time gross settlement (RTGS) will be available round-the-clock from December 2020, according to mint.

RBI, RTGS, Reserve Bank of India, real time gross settlement, India, online payments, transfers, funds, real time transfers, gross settlement, National Electronica Funds Transfer, NEFT, electronic payments, bank branches

Reserve Bank of India unveils new cheque payments feature

News | Digital Identity, Security & Online Fraud | 18 Aug 2020

The Reserve Bank of India (RBI) has rolled out a new way of cheque payments feature via the ‘Positive Pay’ mechanism, according to Verdict.

Reserve Bank of India, cheque payments, security, fraud

OKEx rolls out P2P trading platform in India

News | Cryptocurrencies | 05 Aug 2020

Crypto exchange OKEx has announced the launch of a peer-to-peer trading platform in India, allowing users to buy cryptocurrencies with INR without fees.

OKex, P2P trading, trading platform, India, peer to peer trading, cryptocurrency, INR, fees, Bitcoin, USDT, UPI, IMPS, NEFT, digital currencies, Reserve Bank of India, bank lift, local exchanges, CoinDCX

iDenfy partners Cashaa to help Indian crypto owners avoid online frauds

News | Digital Identity, Security & Online Fraud | 25 Jun 2020

iDenfy, a Lithuania-based identity verification company, has announced a partnership with Cashaa, UK-based online banking platform. 

iDenfy, Cashaa, partnership, India, cryptocurrency, fraud, online fraud, Lithuania, UK, online banking, banking, transactions , Reserve Bank of India, RBI

Yes Bank raises 1 bln to boost capital

News | Payments General | 19 Jun 2020

India-based Yes Bank has planned to raise at least USD 1 billion through a public offering of shares to boost its capital.

India, YES Bank, banks, commerce, Reserve Bank of India, RBI, SBI, HDFC, ICICI Bank, Kotak Mahindra Bank, Bandhan Bank, Federal Bank, IDFC FIRST Bank

Visa, Mastercard request RBI relaxation on 'tap-and-go' payment limit

News | Cards | 29 May 2020

Visa, Mastercard, and industry body Payment Council of India (PCI) have requested the Reserve Bank of India (RBI) relaxation on ‘tap-and-go’ contactless payment limit.

Visa, MasterCard, Payment Council of India, PCI, Reserve Bank of India, RBI, contactless payments, tap-and-go, cards, Europe, UK, me, SA, contactless card payments, National Corporation of India, NCP, two-factor authentication

5paisa.com expands with peer-to-peer lending platform

News | Payments General | 18 May 2020

India-based fintech 5paisa.com has launched its peer-to-peer lending platform, where one can lend from EUR 6 to EUR 61 million to multiple borrowers.

5paisa.com, peer-to-peer, NBFC, Reserve Bank of India, India, loans

RBI issues new rules for debit and credit cards

News | Cards | 16 Mar 2020

Reserve Bank of India has issued a set of rules meant to improve security of card transactions and curb the misuse of debit and credit cards.

Reserve Bank of India, credit cards, debit cards, Issuer, card transactions, cross-border payments, cards, contactless payments, Asia, APAC

Reserve Bank of India to setup new entity for retail payment systems

News | Payments General | 12 Feb 2020

Reserve Bank of India (RBI), the central bank of the country, has proposed to setup an umbrella entity/ entities for retail payment systems, according to Electronic Payments International.


Reserve Bank of India, retail payment, payments

Reserve Bank of India extends deadline for complying with KYC norms

News | Digital Identity, Security & Online Fraud | 02 Sep 2019

The Reserve Bank of India (RBI) has extended the deadline for complying with KYC norms, so mobile wallet providers have time until 29 February 2020.

Reserve Bank of India, KYC, compliance, mobile wallets, Aadhaar, onboarding

UPI transactions overtake debit card payments, RBI shows

News | Online Payments | 02 Sep 2019

The number of transactions via the Unified Payments Interface (UPI) have overtaken the number of debit card transactions in 2018-19, according to a Reserve Bank of India report.

UPI, India, debit card payments, Reserve Bank of India, National Electronic Fund Transfer

Credit cards usage on the rise in India

News | Cards | 25 Jun 2019

Indian consumers have showed their preference for credit cards, with 47.99 million credit cards in operation in April 2019, according to the Reserve Bank of India.

India, credit card, debit card, Reserve Bank of India, cardholder, demonetisation, POS

Reserve Bank of India fines HDFC Bank for KYC norms violation

News | Digital Identity, Security & Online Fraud | 19 Jun 2019

Reserve Bank of India has revealed it fined the private sector lender HDFC Bank INR 1 crore for not reporting frauds and non-compliance with other directions.

Reserve Bank of India, fine, India, HDFC Bank, violation, KYC, norms, compliance, fraud, bills, BoEs, currency monetary penalty, regulations

Three Indian banks fined by RBI for compliance fails

News | Digital Identity, Security & Online Fraud | 06 Feb 2019

UCO Bank, Axis Bank and Syndicate Bank have been fined by the Reserve Bank of India (RBI) for “deficiencies in regulatory compliance”.

UCO Bank, Axis Bank, Syndicate Bank, Reserve Bank of India, fines, India, regulation, fraud prevention

UPIs value grew 700 percent in 2018

News | Online Payments | 15 Jan 2019

The digital transactions via the Unified Payments Interface (UPI) have registered a 700% growth in 2018, according to NPCI and RBI data.

UPI, India, online payments, Unified Payments Interface, NPCI, Reserve Bank of India

Reserve Bank of India issues guidelines on tokenization of card payments

News | Digital Identity, Security & Online Fraud | 11 Jan 2019

The Reserve Bank of India (RBI) has issued guidelines on tokenization of card payments to improve security of card transactions.

Reserve Bank of India, tokenization, card payments, security