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RBI Notification

New Rules for Credit/Debit Cards Issuance by Scheduled...

RBI notifies new rules for credit/debit cards issuance by scheduled banks and NBFCs

The Reserve Bank of India issued master directions for issuance of debit/card to NBFCs and scheduled banks excluding Payments Banks, State Co-operative Ban...

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Guidelines released for 24X7 Digital Banking Units (DBU...

Guidelines released for 24X7 Digital Banking Units (DBUs) by RBI

In the Union Budget of 2022-23, an announcement was made to set up 75 Digital Banking Units (DBUs) in 75 districts of India to commemorate seventy five yea...

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RBI Notification

Compliance Function and Role of Chief Compliance Office...

Compliance Function and Role of Chief Compliance Officer CCO in NBFCs

The Reserve Bank of India (RBI) has released a circular on 11th April, 2022 defining the scope of function and role of a Chief Compliance Officer (CCO) in...

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RBI Notification

RBI releases framework for geo-tagging of payment syste...

Geo-tagging

The Reserve Bank of India recently issued the framework for geo-tagging of payment system touchpoints. The RBI had shown its interest to launch a framework...

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RBI Notification

RBI Launches UPI123Pay for Feature Phones

UPI123Pay

The Governor of the RBI launched UPI for feature phones which will allow India’s feature phone users to access UPI payment service.  He also announced t...

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RBI Notification

All you need to know about Digital Rupee or Central Ban...

CBDC

The Union Minister of Finance in the budget of 2022-23 made one of the expected announcements of India’s own digital rupee or Central Bank Digital Curren...

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RBI Notification

NBFCs must implement Core Financial Services Solutions...

The Apex bank regulator of India, the Reserve Bank of India (RBI) has taken a out a notification dated 23rd February 2022 which asks a certain class of Non...

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RBI Notification

RBI’s Directions are Statutorily Binding over Financi...

RBI’s Directions

Recently the Supreme Court held that the Reserve Bank of India has wide supervisory powers over financial institutions such as SIDBI. SIDBI refers to Small...

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