RBI Selects McKinsey And Company, Accenture Solutions To Use AI, ML To Improve Regulatory Supervision
Following the first release, seven applications were chosen to participate in the request for proposal process
What Are The New Features Added To UPI For Which RBI Is Being Appreciated!
At the Monetary Policy Committee (MPC) meeting on Thursday, RBI Governor Shaktikanta Das revealed new features for UPI. Here is an overview.
Digital Payment Process To Get Easier With This Offline Support Introduced By RBI
Conversational instructions have enormous potential to improve the UPI system's usability and, consequently, its reach as Artificial Intelligence (AI) gets more and more ingrained in the digital economy.
RBI Introduces UPI-Based Offline Payments
Users will be able to initiate and authorize transactions using natural language interactions, making the payment process easier and more convenient
Rs 2,000 Notes Worth Rs 3.14 Lakh Crore Returned Since Withdrawl Decision, Says RBI
According to information gathered by major banks, 87 percent of the banknotes received by lenders were deposited.
Finance Minister Directs Banks To Not Take Harsh Measures For Loan Recovery
The central bank has released circulars frequently in an effort to reduce harassment by recovery agents employed by banks and Non-Banking Financial Companies.
Delhi High Court Rejects PIL Opposing RBI’s Decision To Withdraw ₹2,000 Notes
The petitioner had contended in his plea that the RBI has no power to withdraw 2,000-rupee currency notes from circulation and only the Centre could have taken a decision in this regard
Reliance Industries Gets A Nod From The RBI to Retain $2 Billion Surplus From Lenders
Ambani-led Reliance Industries Ltd has obtained a nod from the Reserve Bank of India to retain $2 billion.
Manappuram Finance fined For Rs 20 Lakh For Rule Violations
Manappuram Finance has been fined Rs 20 lakh by the Reserve Bank as it failed to comply with some NBFC regulations.
RBI Reappointed P Vasudevan as Managing Director and CEO of Equitas Small Finance Bank
The Reserve Bank of India (RBI) has granted another term to P Vasudevan as Managing Director and CEO of Equitas Small Finance Bank on June 16th. This is the second time Vasudevan is appointed on this particular postion. Vasudevan’s term will be of 3 years and it will start from July 23, 2023 to July …
