The State Bank of India (SBI), has announced an increase in its Marginal Cost of Funds-Based Lending Rate (MCLR) by 10 Basis Points (bps) across […]
Tag: rbi
RBI announces four major updates on UPI, cheques and digital lending
The Reserve Bank of India (RBI) has rolled out a new feature for UPI called ‘Delegated Payments,’ which allows the primary account holder to authorise […]
RBI sets new rules for cooperative banks’ bad debt reserves
The Reserve Bank of India (RBI) has released new guidelines for the prudential treatment of Bad and Doubtful Debt Reserve (BDDR) by cooperative banks. The […]
Cashfree Payments secures RBI’s cross-border Payment Aggregator licence
Cashfree Payments has announced its achievement as the first payment service provider to receive the Reserve Bank of India (RBI’s) Payment Aggregator (PA) licence for […]
Federal Bank appoints KVS Manian as MD and CEO
The Reserve Bank of India (RBI) has approved the appointment of Krishnan Venkat Subramanian, popularly known as KVS Manian, as the Managing Director and Chief […]
RBI Governor urges banks to intensify efforts against mule accounts
The Reserve Bank of India (RBI) Governor Shaktikanta Das recently held a meeting with the Managing Directors (MDs) and Chief Executive Officers (CEOs) of public […]
RBI invites applications for recognising Self-Regulatory Organisations for NBFCs
The Reserve Bank of India (RBI) has opened applications to recognise Self-Regulatory Organisations (SROs) for Non-Banking Financial Companies (NBFCs) under its newly established Omnibus Framework. […]
RBI grants wallet licence to neobank Jupiter
Neo-banking startup Jupiter has secured a prepaid payment license from the Reserve Bank of India (RBI). A Prepaid Payment Instrument (PPI) licence is a regulatory […]
RBI holds conference in Mumbai for Heads of Assurance Functions
The Reserve Bank of India (RBI) recently held a conference in Mumbai for the Heads of Assurance Functions (i.e. Chief Compliance Officers (COOs), Chief Risk […]
RBI rolls out fresh guidelines ensuring equitable interest charges from lenders
The Reserve Bank of India (RBI) has issued a fresh set of directives aimed at fostering fairness and transparency in the process of interest charging […]