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 […]
Tag: Reserve Bank of India
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 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 […]