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 […]
Tag: rbi
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 […]
RBI unveils new ATM features to revolutionise India’s banking landscape
The Reserve Bank of India’s (RBI) Deputy Governor, T Rabi Sankar has announced a series of innovative product offerings aimed at transforming the country’s ATM […]
RBI approves Salee Sukumaran Nair as MD & CEO of Tamilnad Mercantile Bank
The Reserve Bank of India (RBI) has approved the appointment of Salee Sukumaran Nair as the Managing Director (MD) and Chief Executive Officer (CEO) of […]
SBI hikes MCLR by 10 basis points across all tenors
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 […]
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 […]