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RBI's digital rupee a "game changer", says SBI Chairman
Updated : 3 years, 3 months ago IST
The RBI on Thursday announced the launch of a digital rupee retail pilot for a closed user group.
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Robust benchmarks critical for stability of the financial system: RBI Depu
Updated : 3 years, 3 months ago IST
T Rabi Sankar said financial benchmarks, used as reference for pricing, valuation and settlement of financial instruments, were a key driver of price integrity of financial markets.
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RBI launches retail digital rupee on pilot basis
Updated : 3 years, 3 months ago IST
The digital rupee would offer features of physical cash like trust, safety and settlement finality.
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Bank of Maharashtra organises Town Hall Meeting on the Customer Rights and
Updated : 3 years, 3 months ago IST
Mumbai (Maharashtra) [India], December 1 (ANI/PNN): Bank of Maharashtra, a premiere public sector bank in the country, organised Nationwide Intensive Awareness Campaign, under the supervision of RBI on November 28, 2022, at PYC, Pune. The Town hall meeting was organised for customers from di
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RBI, Financial Services Agency of Japan exchange letters of cooperation
Updated : 3 years, 3 months ago IST
The letters confirm the interest of both jurisdictions in enhancing cooperation in line with their respective laws and regulations.
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RBI imposes Rs 50-lakh fine on Bharat Co-operative Bank
Updated : 3 years, 3 months ago IST
The central bank said this penalty had been imposed in exercise of powers vested in RBI conferred under Banking Regulation Act, 1949, according to a statement of the central bank released on Monday.
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RBI to launch retail digital rupee on Thursday on pilot basis
Updated : 3 years, 3 months ago IST
According to a statement from RBI, the pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants. The eRs-R would be in the form of a digital token that represents legal tender.
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RBI slaps Rs 1.25-crore penalty on Zoroastrian Co-operative Bank
Updated : 3 years, 3 months ago IST
This action is based on a deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the RBI said in the statement.
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4Fin raises Seed Round of USD 1M, also gets NBFC License from RBI
Updated : 3 years, 3 months ago IST
Pune (Maharashtra) [India], November 29 (ANI/BusinessWire India): Micro SME focused fintech startup 4Fin has announced that it has raised strategic seed funding of USD 1M.
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RBI Chief Secretary Arun Mehta inaugurates diamond jubilee function of RBI
Updated : 3 years, 3 months ago IST
The important milestones and achievements of RBI, Jammu was highlighted in the video. A memoir of RBI Jammu's journey during these 60 years was also unveiled by the chief secretary.
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RBI is the protector of Indian economy: CM Bommai
Updated : 3 years, 3 months ago IST
Speaking after inaugurating the Constitution Day, organised by RBI SC/ST Employees Association here on Monday, he said RBI has a rich history and it has been controlling the country's banking system from the pre-Independence period, as well as the nation's economy.
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RBI asking subsidiary to resubmit payment aggregator license won't affect
Updated : 3 years, 3 months ago IST
As the Reserve Bank of India (RBI) directed Paytm Payment Services Limited, a subsidiary of Paytm, to reapply for a payment aggregator license in 120 days, analysts have said that the move will not have any impact on Paytm and they believe the company will deliver robust growth.
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