RBI Notification

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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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RBI Notification

Key highlights of the RBI’s Annual Trends and Progres...

Key highlights of the RBI’s Annual Trends and Progress Report

In its Trends and Progress Report, the RBI observed that the scheduled commercial banks have witnessed an improvement in asset quality, capital buffers and...

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RBI Notification

How RBI’s new tokenisation rule will effect credit/de...

How RBI’s new tokenisation rule will effect credit/debit card payments?

The Reserve Bank of India (RBI) via notification has come out with a new rule of tokenisation which will make online payments safer and secure. RBI has man...

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RBI Notification

RBI allows Payments Banks and Small Finance Banks to un...

RBI allows Payments Banks and Small Finance Banks to undertake government agency business

The Reserve Bank of India (RBI) via notification has allowed Scheduled Payments Banks and Scheduled Small Finance Banks to become agents of the RBI who wis...

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RBI Notification

Online Payments through PPIs in India

Online Payments through PPIs in India

The system of PPIs in India has been around for a long time, dating back to the introduction of calling cards such as Virtual Calling Cards (VCCs), Voice O...

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RBI Notification

Cooperative societies are prohibited from using the wor...

Co-operative societies are prohibited from using the word “Bank” in their names

The Reserve Bank of India (RBI) has warned the public against dealing with cooperative societies that have added the word "bank" to their names in order to...

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RBI Notification

RBI’s Retail Direct Scheme to facilitate investment i...

RBI’s Retail Direct Scheme to facilitate investment in G-Secs

Introduction In order to increase retail participation in government securities, the RBI, - Retail Direct facility was launched in the Statement of Develop...

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