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16 hours ago · India's central bank needs to refocus on economic growth. Opinion India cannot afford to let its savings rate keep slipping. Opinion India's economy can overtake China's if it can stay on track.
9 hours ago · The Reserve Bank of India's net income rose to 2.11 trillion rupees ($25.30 billion) from 874.20 billion rupees in the previous year, allowing it to transfer a record high surplus to the government.
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8 hours ago · The economy is likely to grow at 7 percent in financial year 2024-25, the Reserve Bank of India (RBI) said in its annual report released on May 30. The economy showed resilience in FY24 despite ...
May 30, 2024 · The Reserve Bank of India (RBI) has finalized a framework for self-regulatory organizations (SROs) in the fintech sector, considering stakeholder feedback on draft norms from January 15. These SROs will be industry-led, responsible for regulatory standards, ethical conduct, market integrity, dispute resolution, and fostering transparency, the central bank said in a statement.
16 hours ago · Unified Payments Interface (UPI) Product type Instant inter-bank payment system Owner National Payments Corporation of India Produced by National Payments Corporation of India Country India Introduced 11 April 2016 ; 8 years ago (2016-04-11) Website www.upichalega.com Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by ...
- National Payments Corporation of India
6 hours ago · May 30, 2024 at 06:41 am EDT. MUMBAI (Reuters) - India's central bank on Thursday released its final guidelines for financial technology firms to create a self-regulatory organisation (SRO) that is aimed at enforcing regulatory standards and fostering transparency in the sector. The guidelines come at a time when the fintech industry in India ...
11 hours ago · The Reserve Bank of India (RBI) has yet again cracked the whip on one of the leading names in the Indian financial services industry, the Rashesh Shah-led Edelweiss group. On May 29 evening, the ...
