How the government can truly make India’s state-run banks efficient just like their private sector peers – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-how-the-government-can-truly-make-indias-state-run-banks-efficient-just-like-their-private-sector-peers/articleshow/81261101.cmsSynopsis Since financial institutions are within the administrative control of the finance ministry, these will no doubt have early implementation. There have also been

RBI’s new rules on maintaining credit or debit card details may lead to tokenisation – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-rbis-new-rules-on-maintaining-credit-or-debit-card-details-may-lead-to-tokenisation/articleshow/81215720.cms Synopsis–Though RBI’s Master Direction on Digital Payment Security Control (bit.ly/3uqrjHj) reads like a hodgepodge pastiche of the Payment Card Industry Data Security Standard

Reserve Bank of India extends deadline to apply for umbrella entity on retail payments – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/reserve-bank-of-india-extends-deadline-to-apply-for-umbrella-entity-on-retail-payments/articleshow/81229070.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Requests have been received from various stakeholders including Indian Banks’ Association for extending the deadline, keeping in view the COVID-19 related disruptions and

bitcoin india: How can a digital currency from RBI change your world? An ex-UN expert decodes CBDC for you – The Economic Times

Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/how-can-a-digital-currency-from-rbi-change-your-world-an-ex-un-expert-decodes-cbdc-for-you/articleshow/81204657.cmsSynopsis Massimo Buonomo, who has over 20 years of experience in international finance, said the use of digital currency can eliminate the need for

India has space for another strong ARC led by banks: Shaktikanta Das – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/india-has-space-for-another-strong-arc-led-by-banks-shaktikanta-das/articleshow/81206506.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Das also added that just like non-bank lenders the RBI was internally working on refining and strengthening guidelines governing asset reconstruction companies. Reserve

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