Rbi New Payments System
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RBI's Upcoming Payment System Is No-Frills, Lightweight: 5 Facts
The Reserve Bank of India (RBI) is developing a new lightweight and portable Payment and Settlement System (LPSS). The system will be independent of traditional technologies and can be operated from anywhere with a small number of staff.
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Big Relief For American Express In India, Can Sign Up New Card Users
The RBI had imposed curbs on American Express Banking Corp for not following its new ruled on "Storage of Payment System Data" in May last year.
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Mastercard Barred By RBI From Adding New Clients In India From July 22
RBI took action against the payment system operator for violating norms on the storage of payment systems data.
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Rabi Sankar Named New Deputy Governor Of RBI
Mr Sankar is likely to succeed B.P. Kanungo who retired last month as the deputy governor in charge of currency management, external investments, operations, payment and settlement system
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RBI Restricts American Express, Diners Club From Enrolling New Customers From May 1
The two companies have been found guilty of not complying with RBI's directions on 'Storage of Payment System Data', according to the RBI.
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RBI Releases Draft Framework For New Payment System
At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.
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All You Need To Know About Real-Time Gross Settlement (RTGS) Payments
New RTGS timings: Payments system RTGS is primarily meant for transactions of Rs 2 lakh and above. RTGS enables instantaneous transfer of funds according to applicable timings. The RBI has announced an extension in the timings applicable to RTGS transfers by one-and-a-half hours, with effect from June 1, 2019.
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Did Demonetisation Help? Digital Payments Back To Pre-Notes Ban Levels
As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.
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Time To Think Of Policy On Dealing With Bank Failures: Uday Kotak
As India's banking sector expands with entry of new players in different avatars, veteran banker Uday Kotak feels policymakers must think about ways to deal with a situation when a bank goes belly-up.
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RBI to Soon Come Up With Vision Document on Payment Systems
The Reserve Bank of India (RBI) will soon be releasing a new vision document for the development of payment systems in the country, which will spell out the broader direction of regulation, its Deputy Governor R Gandhi said on Tuesday.
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RBI Introduces Pre-Paid Instrument to Ease Commuter Woes
The Reserve Bank of India (RBI) on Thursday introduced a new type of pre-paid instrument of up to Rs 2,000 for "Mass Transit System" to facilitate migration from cash-based payments to electronic ones.
-
RBI's Upcoming Payment System Is No-Frills, Lightweight: 5 Facts
The Reserve Bank of India (RBI) is developing a new lightweight and portable Payment and Settlement System (LPSS). The system will be independent of traditional technologies and can be operated from anywhere with a small number of staff.
-
Big Relief For American Express In India, Can Sign Up New Card Users
The RBI had imposed curbs on American Express Banking Corp for not following its new ruled on "Storage of Payment System Data" in May last year.
-
Mastercard Barred By RBI From Adding New Clients In India From July 22
RBI took action against the payment system operator for violating norms on the storage of payment systems data.
-
Rabi Sankar Named New Deputy Governor Of RBI
Mr Sankar is likely to succeed B.P. Kanungo who retired last month as the deputy governor in charge of currency management, external investments, operations, payment and settlement system
-
RBI Restricts American Express, Diners Club From Enrolling New Customers From May 1
The two companies have been found guilty of not complying with RBI's directions on 'Storage of Payment System Data', according to the RBI.
-
RBI Releases Draft Framework For New Payment System
At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.
-
All You Need To Know About Real-Time Gross Settlement (RTGS) Payments
New RTGS timings: Payments system RTGS is primarily meant for transactions of Rs 2 lakh and above. RTGS enables instantaneous transfer of funds according to applicable timings. The RBI has announced an extension in the timings applicable to RTGS transfers by one-and-a-half hours, with effect from June 1, 2019.
-
Did Demonetisation Help? Digital Payments Back To Pre-Notes Ban Levels
As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.
-
Time To Think Of Policy On Dealing With Bank Failures: Uday Kotak
As India's banking sector expands with entry of new players in different avatars, veteran banker Uday Kotak feels policymakers must think about ways to deal with a situation when a bank goes belly-up.
-
RBI to Soon Come Up With Vision Document on Payment Systems
The Reserve Bank of India (RBI) will soon be releasing a new vision document for the development of payment systems in the country, which will spell out the broader direction of regulation, its Deputy Governor R Gandhi said on Tuesday.
-
RBI Introduces Pre-Paid Instrument to Ease Commuter Woes
The Reserve Bank of India (RBI) on Thursday introduced a new type of pre-paid instrument of up to Rs 2,000 for "Mass Transit System" to facilitate migration from cash-based payments to electronic ones.
