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Blockfenders and LIST Software Pvt. Ltd. Join Forces to Revolutionize Data
Updated : 2 years, 1 month ago IST
Pune (Maharashtra) [India], February 5: In response to the Reserve Bank of India's (RBI) stringent focus on data security for cooperative banks, Blockfenders, a leading data management and operations startup, announces an innovative collaboration with LIST Software Pvt. Ltd., a leading provi
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Nium Secures In-Principal Approval from RBI for the Payment Aggregator Lic
Updated : 2 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 5: Nium, the leader in real-time global payments, proudly announces it has received in principle approval from the Reserve Bank of India for two prestigious payment licences - the Prepaid Payment Instrument (PPI) Licence and the Payment Aggregator (PA)
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Expect RBI to again pause repo rate in February policy meeting: SBI Resear
Updated : 2 years, 1 month ago IST
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting is expected to again put a pause on the repo rate, according to SBI Research.
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In filing with BSE, NSE; Paytm categorically denies reports of ED investig
Updated : 2 years, 1 month ago IST
In a filing with the BSE and the NSE, One97 Communications Ltd (OCL)'s on Sunday responded to what it termed were recent speculative media reports.
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RBI imposes monetary penalty on Bajaj Housing Finance Limited for non-comp
Updated : 2 years, 1 month ago IST
The Reserve Bank of India has imposed a monetary penalty of Rs 5 lakh on Bajaj Housing Finance Limited, Pune for non-compliance with certain provisions.
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RBI's directive only affects Paytm Payments Bank, not Paytm App
Updated : 2 years, 1 month ago IST
Paytm, the pioneer of QR and mobile payments in India, has said that its app is working and will continue to work after February 29 as well, adding that the directive issued by the Reserve Bank of India (RBI) will affect only its associate bank and not the fintech company.
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Payment Aggregator Paysharp received SOC 2 Certification
Updated : 2 years, 1 month ago IST
New Delhi [India], February 2: Paysharp is a four years old fintech startup that received RBI in-principle approved payment aggregator in December 2022, part of security and compliance initiative last year Paysharp achieved ISO 27001:2022.
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Paytm accelerating partnership with other banks, says CEO; removing depend
Updated : 2 years, 1 month ago IST
Vijay Shekhar Sharma, founder and CEO of Paytm has said that the company will continue to decline and decrease the dependency on its associate bank and will see through by accelerating its partnership with other banks.
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Paytm set to expand its existing relationships with leading third-party ba
Updated : 2 years, 1 month ago IST
Paytm Payments Bank Limited ("PPBL"), an associate of OCL (One 97 Communications Limited), has received RBI directions. Paytm Payments Bank is set to expand its existing relationships with leading third-party banks to distribute payments and financial services products
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RBI directs Paytm Payments Bank not to onboard new customers after Februar
Updated : 2 years, 1 month ago IST
No further deposits or credit transactions or top ups shall be allowed in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after February 29, 2024, other than any interest, cashbacks, or refunds which may be credited anytime.
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RBI imposes penalty on Mula Sahakari Bank Limited in Maharashtra's Ahmedna
Updated : 2 years, 1 month ago IST
The Reserve Bank of India (RBI) has imposed a penalty of Rs 50,000 on Mula Sahakari Bank Limited, Sonai, district Ahmednagar, Maharashtra for non-compliance with the directions issued by the RBI.
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RBI slaps Rs 50,000 penalty on Bhilai Nagrik Sahakari Bank Maryadit in Chh
Updated : 2 years, 1 month ago IST
The Reserve Bank of India (RBI) has, by an order dated January 8, 2024, imposed a penalty of Rs 50,000 on Bhilai Nagrik Sahakari Bank Maryadit, Bhilai, Chhattisgarh (the bank) for non-compliance with the directions issued by RBI on 'Know Your Customer (KYC) Direction, 2016'.
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