RBI constituted VG Kannan committee to review ATM Pricing

The Reserve Bank of India (RBI) constituted 6-member committee headed by VG Kannan, Chief Executive of Indian Banks’ Association (IBA) to review ATM pricing. It will review the existing...

RBI Issued Fresh Prudential Framework For Resolution Of Stressed Assets

The Reserve Bank of India (RBI) has issued new NPA guidelines “Prudential framework for resolution of stressed assets” to deal with bad loans, as the previous circular that was...

Interest Rates reduced RBI by 25 basis Points to 5.75%

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) reduced interest rates by 25 basis points to 5.75% with immediate effect amid slowing economic growth and rising global...

Nilekani panel suggested 24×7 RTGS, NEFT, elimination of all charges

Nandan Nilekani committee has given some suggestions to promote digital payments in India. Nilekani panel suggested that RTGS and NEFT facility should be available 24x7. Also, it recommends duty...

RBI extended Time-Window for using RTGS Service

The Reserve Bank of India (RBI) announced that the time-window for using the Real Time Gross Settlement System (RTGS) for customer transactions will be extended from 4:30 pm to...

SEBI, IRDAI set up regulatory sandbox for fintech innovations

After the Reserve Bank of India released a draft framework for setting up a regulatory sandbox (RS) for fintech players in the counter, the market and insurance regulators ...

RBI to create specialized supervisory and regulatory cadre within RBI

The central board of Reserve Bank of India (RBI) approved creating a specialized supervisory and regulatory structure for commercial banks, urban cooperative banks and non-banking financial companies (NBFCs). The...

RBI allowed modern currency chests to Hike service charges

The Reserve Bank of India has announced that it will allow large modern currency chests to increase the service charges on cash deposited by non-chest bank branches from the...

Nilekani Panel on Digital Payments submits report to RBI

The Reserve Bank of India (RBI) appointed committee on ‘suggestions on promoting digital payment’ has submitted its report to RBI Governor Shaktikanta Das. The committee was headed by Nandan...

RBI has published ‘Payment and Settlement Systems in India: Vision 2019 – 2021’

The Reserve Bank of India (RBI) released its statement on ‘Payment and Settlement Systems in India: Vision 2019–2021’, which notifies the steps that RBI will take to promote innovation,...

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