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Online Dispute Resolution System for Digital Payments...

Online Dispute Resolution

In a major development, the Reserve Bank of India (RBI) announced the introduction of the Online Dispute Resolution system for resolving disputes and griev...

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RBI Regulations

Master Circular on Scheme of Penalties for Bank Branche...

Penalties for bank branches

The Reserve Bank of India issued a master circular on the scheme of penalties for bank branches based on the performance in rendering the customer service...

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RBI Regulations

Fair Practices Code for Asset Reconstruction Companies...

Fair Practices Code

The Reserve Bank of India issued the Fair Practices Code for Asset Reconstruction Companies (ARC) on July 16, 2020.  It stated that these entities mus...

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NBFC RBI Notification

Liquidity Issues or Covid-19: A Struggle for Non-Bankin...

Liquidity Issues for NBFC

As per a report, Non-Banking Financial Companies (NBFCs) may face liquidity challenges due to lack of clarity on moratorium by RBI and the lockdown across...

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Finance RBI Regulations

Financial Market Infrastructures (FMIs) and Retail Paym...

Financial Market Infrastructure

Recently, the Reserve Bank of India came up with a modified framework for Financial Market Infrastructure and Retail Payment Systems to ensure the safety a...

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RBI Registration

New Umbrella Entity (NUE) for Retail Payment Systems: R...

New Umbrella Entity

The Reserve Bank of India has decided to set up a pan India umbrella entity to boost the retail payment across the country. These entities will be called a...

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RBI Notification

Increased Occurrence of Payment Frauds: RBI’s Initiat...

Payment Frauds

With the social distancing norms being followed owing to the COVID-19 pandemic, there has been a significant rise in digital banking across the nation. It...

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RBI Regulations

Private Sector Banks: RBI guidelines on ownership and c...

Private Sector Banks

The Reserve Bank of India recently constituted an internal working group to review guidelines on ownership and corporate structure of banks (Private Sector...

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