The Reserve Bank of India (RBI) recently announced the approval of the voluntary merger of The National Co-operative Bank, Bangalore, Karnataka, with Cosmos Co-operative Bank, […]
Tag: rbi
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 from 1st March, 2025, in […]
RBI 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 announced the introduction of a […]
RBI 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 through third-party applications. This policy […]
RBI 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 implementation of Artificial Intelligence (AI) […]
RBI 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 threat of digital fraud and […]
RBI raises UPI Lite wallet limit to Rs 5,000 and boosts per-transaction cap to Rs 1,000
The Reserve Bank of India (RBI) has increased the UPI Lite wallet limit to Rs 5,000 and the per-transaction cap to Rs 1,000, aiming to […]
RBI Names Partha Pratim Sengupta as MD and CEO of Bandhan Bank
The Reserve Bank of India (RBI) has approved the appointment of Partha Pratim Sengupta as the Managing Director (MD) and Chief Executive Officer (CEO) of […]
Satya MicroCapital secures Rs 500 crore debt funding from Japan’s Sumitomo Mitsui Banking Corporation for second time
The Reserve Bank of India (RBI)-registered Non-Banking Financial Company – Micro-Finance Institution (NBFC-MFI) Satya MicroCapital has secured Rs 500 crore from Japan-based Sumitomo Mitsui Banking […]
RBI approves India’s first FinTech self-regulatory body to strengthen industry standards
The Reserve Bank of India (RBI) has approved the formation of the country’s first Self-Regulatory Organisation (SRO) dedicated to the industry. This new SRO will […]