The Reserve Bank of India (RBI) order on discontinuing inactive credit cards continued to negatively impact the industry size, with top-tier lenders such as HDFC […]
Tag: rbi
Remove withdrawal restrictions on basic savings bank deposit accounts for digital payments: Report
The Reserve Bank needs to keep digital payments outside the purview of withdrawal restrictions on zero-balance basic savings bank deposit (BSBD) accounts and let the […]
Illegal digital lending apps driving citizens to suicide, says Ministry of Home Affairs
Following the arrest of Chinese nationals allegedly involved in digital loan app scam, the Ministry of Home Affairs has in a letter to states and […]
Infibeam Avenues receives RBI in-principle nod for payment aggregator licence
Infibeam Avenues, the operator of CCAvenue, has received an in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator. “Under this provision, […]
RBI orders Sberbank to demonstrate compliance, rejects request
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