The RBI Annual Report highlights efforts to expand the global presence of both UPI and RuPay
Banking

Viksit Bharat 2047: RBI, NPCI International Payments aims to expand UPI...

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RBI said it has finalized a strategic action plan for 2024-25 and envisaged liberalization of external commercial borrowing framework
Banking

RBI to allow opening of rupee account outside India

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Purchasing trend via UPI/QR code is due to the fact that digital transactions take a jiffy to complete the purchase journey via smartphones
Banking

UPI payments surge in India, leading to a change in spending...

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RBI has lifted the restriction with immediate effect
Banking

RBI lifts ban on Bank of Baroda’s BoB World

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The move to settle bilateral trade payments between the two countries in local currencies will reduce dependence on the US dollar and help to strengthen the rupee
Banking

India, Ghana agree to operationalize UPI link within 6 months

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Who are all holding this high-value currency worth Rs.7961 crores?
Banking

Rs.7961 crores worth Rs.2000 notes not yet returned, says RBI. 97.76%...

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The bank intending to transit must have their shares listed on a recognized stock exchange
Banking

RBI sets criteria for Small Finance Banks seeking Universal Banks license

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Kotak Mahindra Bank has been directed
Banking

Kotak Mahindra Bank shares tank 13%. Market Cap erodes by Rs.37,721...

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The regulator said the bank, however, will continue to provide services to its existing customers, including its credit card customers
Banking

RBI bans Kotak Mahindra Bank from onboarding new customers via online,...

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The directive includes fintech companies like Razorpay, Cashfree, CCAvenue and Mswipe which are all regulated payment aggregators
Banking

RBI directs payment companies to track high-value, suspicious transactions during elections

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