Category: RBI–Banks

Clipped from: https://www.thehindubusinessline.com/opinion/regulating-nbfcs-the-banking-way/article37998990.ece RBI extending the PCA framework to shadow banks will prompt them to implement best business, risk-management practices In a strategic move, the RBI

Clipped from: https://www.financialexpress.com/india-news/rbis-dec-31-deadline-on-tokenization-what-does-it-mean-for-you/2384402/ With tokenization, the entities involved in the transaction do not have to memorise what the card entails on either end since it is

Clipped from: https://www.business-standard.com/article/finance/average-value-of-upi-rupay-transactions-below-rs-2000-marking-stagnancy-121122000704_1.html Digital transactions have increased many times, but their average ticket size is not growing for the domestic payments card. Last week, the government

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/in-favour-of-complete-ban-on-cryptos-rbi-to-central-board/articleshow/88350099.cmsSynopsis The government had listed the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, for introduction in the Lok Sabha in the winter

Clipped from: https://economictimes.indiatimes.com/wealth/save/either-type-out-your-16-digit-card-number-or-tokenise-it-to-pay-online-from-jan-1-2022/articleshow/88338791.cmsSynopsis Banks and other payment companies are asking their customer to either opt for tokenising their card details or type out full details each

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/india-is-mulling-changes-in-law-to-cut-governments-stake-in-banks/articleshow/88336473.cmsSynopsis The proposals — if approved — would allow the government to gradually lower its holding in state-run lenders to 26% from 51% without

lipped from: https://www.business-standard.com/article/finance/rbi-refuses-to-relax-asset-classification-provisioning-norms-for-nbfcs-121121700342_1.html This will give rise to bad debt numbers of such para banks on technical grounds while making asset quality norms standardised across banks

Clipped from: https://www.business-standard.com/article/finance/nabfid-to-start-lending-operations-in-q1fy23-says-chairman-k-v-kamath-121121700666_1.html The DFI would have a chairman, two government nominees, and four whole-time directors, says Kamath Kamath The National Bank for Financing Infrastructure and

Clipped from: https://www.business-standard.com/article/finance/rbi-s-push-towards-card-security-likely-to-hit-merchants-lenders-report-121121700676_1.html Merchants and bankers argue they have not been given enough time to comply with the changes that RBI wants to make effective Jan

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-indias-banking-revolution-has-started-without-the-banks/articleshow/88248907.cmsSynopsis As Uday Kotak, chairman of Kotak Mahindra Bank, said recently in a speech, “Bankers were short-sighted. Their standard response was, ‘Oh, there’s no

Clipped from: https://www.thehindubusinessline.com/money-and-banking/card-tokenisation-unlikely-to-take-off-by-rbis-deadline-of-january-1/article37946959.ece Payment players, merchants seek further extension as they are not ready yet Even as banks, payment companies and merchants are working on implementing

lipped from: https://www.thehindubusinessline.com/opinion/cryptos-lack-basic-features-of-a-currency/article37946711.ece They have no underlying basis, and are too volatile to be a store of value. Can they truly take the place of cash?