Reserve Bank of India

74 results about this entity

Period: 28 Jul 2006 - 24 Apr 2024

India's central bank issues cryptocurrency ban

The Reserve Bank of India (RBI) has banned regulated banks and its account holders from dealing in cryptocurrencies.

RBI panel calls for regulatory shake-up to handle fintech innovation

A fintech working group set up by the Reserve Bank of India has called for the establishment of a regulatory sandbox and innovation hub where startups can roadtest their products ahead of commercial launch.

YES Bank fined $1 million over massive ATM breach

The Reserve Bank of India has hit YES bank with a $1 million fine for failing to promptly report a breach of its ATM network.

Indian central bank paves way for digital wallet interoperability

Paytm users will soon be able to send money to MobiKwik digital wallets under new interoperability rules from the Reserve Bank of India.

WannaCry ransomware: Indian banks told to update ATM software

In the wake of the global WannaCry ransomware cyberattacks, the Reserve Bank of India has told the country's Windows XP-loving banks to run software updates, according to local press reports.

RBI told the time is right to digitise the Rupee

The research arm of the Reserve Bank of India has recommended that the central bank should begin work on the creation of a digital currency unit using blockchain technology.

Paytm gets RBI nod for payments bank launch

Indian mobile wallet giant Paytm has received the regulatory green light to begin operating one of the country's new wave of payments banks.

India to redefine ATMs as bank branches

The Reserve Bank of India has moved to redefine ATMs in remote rural areas as bank branches, to counteract the decline in traditional full-feature outlets and improve financial inclusion.

Reserve Bank of India sets up fintech working group

The Reserve Bank of India has set up an inter regulatory Working Group (WG) to study the entire gamut of regulatory issues relating to Fin Tech and Digital Banking in India.

India's RBI gives ItzCash BBPS license

ItzCash Card Ltd India’s largest and only “Multi Service Payment Solutions Company in the digital payment space, today said that it has received an in-principle approval from the RBI to operate as a Bharat Bill Payments Operating Unit (BBPOU).

India sets focus on fintech market

India's central bank is to set up a committee to explore the potential for the country's fintech market which is predicted to double in worth to $2.4bn in the next four years.

RBI sets timeline for India's ATMs to go EMV

India's huge but creaking ATM infrastructure is in line for a major overhaul after the country's central bank called on all machines to be migrated from magstripe to EMV chip and PIN.

India's IDBI lets customers invest in government bonds through ATMs

India's State-owned IDBI Bank has begun letting customers invest in government securities through its cash machines.

Indian central banker floats account number portability

A senior Indian central banker says that the industry should investigate the introduction of account number portability, making it easier for customers to switch providers.

Telcos and tech firms get Indian payment bank licences

In a move designed to boost financial inclusion, the Reserve Bank of India has given "in-principle" approval to 11 applicants - including telcos, tech firms and the country's postal service - seeking to set up so-called payments banks.

Bharti Airtel seeks Indian payments bank license

Indian telco Bharti Airtel says that it will apply for a payments bank license as it prepares to make a grab for the country's huge underexploited mobile banking market.

India's central bank calls for mobile adoption drive

India's banks are being urged to embark on a campaign to collect customer mobile phone numbers to help boost the country's so far sluggish take-up of m-banking services.

RBI bids to boost Indian m-banking take-up

The Reserve Bank of India has set out its plans to kickstart the country's so far sluggish take-up of mobile banking services.

RBI blames lack of collaboration for slow uptake of mobile banking

The Reserve Bank of India has highlighted the absence of collaboration and revenue sharing models between banks and telcos as a key factor in the slow uptake of mobile banking applications by the populace.

Indian bitcoin exchange shuts after central bank warning

India's largest bitcoin exchange, BuySellBitCo.in, has shut up shop after the country's central bank issued a statement warning about the risks of using virtual currencies.