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RBI Governor bats for self-regulation of Fintech sector
Updated : 1 year, 10 months ago IST
The preferred approach for prudent regulation of the ever-growing fintech sector should be self-regulation, Reserve Bank of India (RBI) Governor Shaktikanta Das said.
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After UPI, RBI will now launch Unified Lending Interface or ULI for fricti
Updated : 1 year, 10 months ago IST
The technology platform for providing "frictionless credit" launched by the Reserve Bank of India (RBI) last year as a pilot project will be introduced nationwide soon, said Reserve Banks of India Governor, Shaktikanta Das on Monday.
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AI integration in finance sector unlocks new opportunities: Shaktikanta Da
Updated : 1 year, 10 months ago IST
Integration of artificial intelligence (AI) into financial services brings significant opportunities for all stakeholders, the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.
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India's Digital Public Infrastructure experience provides effective strat
Updated : 1 year, 10 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said that India's experience has provided an effective digitisation strategy for other central banks.
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Financial sector should enhance digitisation in credit delivery to help MS
Updated : 1 year, 10 months ago IST
Swaminathan J, Deputy Governor, Reserve Bank of India (RBI) on Wednesday said that the financial sector should leverage digitisation in credit delivery to help Micro, Small and Medium Enterprises (MSMEs).
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IndusInd bank shares up 2.6 pc, lender received RBI approval for AUM busin
Updated : 1 year, 10 months ago IST
The shares of IndusInd bank surged more than 2.67 per cent after the bank received approval from the Reserve Bank of India (RBI) to establish a wholly-owned subsidiary for undertaking the asset management business of Mutual Funds, the bank informed the exchange in a filing.
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RBI Dy Governor highlights urgent need to evolve deposit insurance system
Updated : 1 year, 11 months ago IST
Reserve Bank of India (RBI) Deputy Governor Michael Patra underscored the urgent need for evolving deposit insurance systems to meet the challenges posed by rapid financial innovation and climate change at an event organised by the Deposit Insurance Corporation of Global Communities (DICGC)
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RBI expected to begin rate cuts in October, with two reductions this fisca
Updated : 1 year, 11 months ago IST
The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency, Crisil said in its report.
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FM Nirmala Sitharaman attends RBI Board of Directors meeting
Updated : 1 year, 11 months ago IST
Union Finance Minister Nirmala Sitharaman on Saturday addended a meeting with members of the Central Board of Directors of Reserve Bank of India (RBI) in New Delhi.
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High food prices raise concerns but improved monsoon offers hope for RBI:
Updated : 1 year, 11 months ago IST
The ongoing volatility in the prices of key food items such as tomatoes, onions, and potatoes (collectively known as TOP) and pulses continues to pose significant challenges for the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), highlights a report by SBI.
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Lenders to share credit information on fortnightly basis instead of monthl
Updated : 1 year, 11 months ago IST
The Reserve Bank of India (RBI) has reduced the mandated frequency of reporting of credit information by Credit Institutions to Credit Information Companies.
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RBI announces to create repository to check unauthorised lending Apps
Updated : 1 year, 11 months ago IST
The Reserve Bank of India (RBI) has announced measures to check unauthorized lending Apps and to prevent consumers from such illegal practices.
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