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) […]
Tag: Reserve Bank of India
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 […]
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 […]
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 […]