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RBI Notification

RBI Notification: Offline Retail Payments using Cards/M...

RBI Notification

The Reserve Bank of India has proposed a scheme for making small-value payments in offline mode using debit cards, credit cards, and mobile devices. Under...

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RBI Notification

RBI Notification: Opening of Current Accounts by Banks...

RBI Notification

Stressing on the need for discipline, the Reserve Bank of India (RBI) disallowed banks from opening current accounts for customers who availed cash or over...

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News RBI Notification

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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