Rbi Norms
- All
- News
- Videos
-
RBI Imposes Rs 75 Lakh Penalty On HDFC Bank For Breach Of Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender, for not complying with directions in the RBI's Know Your Customer (KYC) master direction, according to officials.
-
Recovery Agents May Be Barred From Calling Borrowers Between 7 pm And 8 am
The Reserve Bank of India on Thursday proposed stricter norms for recovery of overdue loans under which financial institutions and their recovery agents cannot call borrowers before 8 in the morning and after 7 in the evening.
-
Turbulent Year for Cryptocurrencies Could Spur Progress Towards Regulatory Norms for Digital Assets in 2023
Cryptocurrency could see more regulatory norms in 2023, after a year of turbulence that saw the collapse of massive trading platform FTX. The Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "...
-
RBI Unlikely to Extend Card Tokenisation Deadline Despite Payment Failures, Revenue Losses, Bankers Say
The Reserve Bank of India (RBI) is unlikely to extend the deadline for businesses to use card tokenisation, a layer of security for credit card data, according to bankers and merchants. Smaller merchants have demanded a delayed deadline, but the RBI has not provided any indication that it would extend the compliance date. The central bank first int...
-
Google Asked by RBI, MeitY to Step up Checks Against Illegal Lending Apps in India: Report
The government and the Reserve Bank of India have urged Google to introduce tight checks to help curb the use of illegal digital lending applications in India. Google has been asked to ensure that only whitelisted loan apps are available for download on the Google Play Store. As per RBI’s digital lending norms, all loan disbursals and repayments ...
-
RBI’s Digital Lending Norms Will Help Sector Scale Up, Become More Responsible, Industry Says
The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like bank...
-
RBI Issues Stringent Norms For Digital Lending Services Aimed at Curbing Malpractice
The RBI has issued stringent norms for digital lending services and apps, as part of its attempts to curb malpractice in the sector. The central bank has mandated that digital loans must be credited directly in the bank accounts of borrowers and not through any third party, digital lending entities and not the borrowers should pay fees or charges p...
-
RBI Extends Deadline to Comply With Card Tokenisation Norms Till September 30
The Reserve Bank of India (RBI) has extended the card-on-file (CoF) tokenisation deadline by three months, changing it from June 30 to September 30. This date has been pushed due to requests received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions.
-
RBI Asked to File Compliance Report on WhatsApp Payments
The Supreme Court has granted six weeks’ time to the Reserve Bank of India (RBI) to file a report whether WhatsApp had complied with norms for launching its payment services.
-
Will Comply With RBI Norms Before Launching Payment Service: WhatsApp
Instant messaging app WhatsApp Friday told the Supreme Court that it is conducting a trial run of its payment service and will comply with RBI norms on data localisation before launching the full service.
-
WhatsApp Pay Can't Launch Without RBI Nod, Central Bank Tells Top Court
Central bank says messaging platform WhatsApp needs its permission to operate its e-payment feature after Supreme Court hears NGO petition questioning compliance with data localisation norms
-
WhatsApp Pay: Supreme Court Seeks RBI Response in Data Localisation Matter
The data norms relate to storing of payment related data within India, which has 200 million WhatsApp users.
-
For WhatsApp Payments, Top Court Wants RBI To Respond On Norms
The Supreme Court on Friday asked RBI to respond to an application looking to implead it as a party in a matter seeking directive to US-based WhatsApp to comply with data localisation norms for providing payment service in India.
-
Top Court Nod To Make RBI Party In WhatsApp Payment Service Case
The Supreme Court on Monday allowed an NGO to make the Reserve Bank of India (RBI) a party in a plea seeking direction to messaging application WhatsApp for complying with data localisation norms with regard to its payment services.
-
Centre To Push RBI For Transfer Of Nearly 3 Lakh Crore Reserve: Report
Keeping up the heat on the RBI, the government will continue to press the central bank to relax norms to boost lending and transfer at least a third of its Rs 9.6 lakh crore reserve, sources familiar with the discussions said.
-
RBI Imposes Rs 75 Lakh Penalty On HDFC Bank For Breach Of Norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender, for not complying with directions in the RBI's Know Your Customer (KYC) master direction, according to officials.
-
Recovery Agents May Be Barred From Calling Borrowers Between 7 pm And 8 am
The Reserve Bank of India on Thursday proposed stricter norms for recovery of overdue loans under which financial institutions and their recovery agents cannot call borrowers before 8 in the morning and after 7 in the evening.
-
Turbulent Year for Cryptocurrencies Could Spur Progress Towards Regulatory Norms for Digital Assets in 2023
Cryptocurrency could see more regulatory norms in 2023, after a year of turbulence that saw the collapse of massive trading platform FTX. The Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "...
-
RBI Unlikely to Extend Card Tokenisation Deadline Despite Payment Failures, Revenue Losses, Bankers Say
The Reserve Bank of India (RBI) is unlikely to extend the deadline for businesses to use card tokenisation, a layer of security for credit card data, according to bankers and merchants. Smaller merchants have demanded a delayed deadline, but the RBI has not provided any indication that it would extend the compliance date. The central bank first int...
-
Google Asked by RBI, MeitY to Step up Checks Against Illegal Lending Apps in India: Report
The government and the Reserve Bank of India have urged Google to introduce tight checks to help curb the use of illegal digital lending applications in India. Google has been asked to ensure that only whitelisted loan apps are available for download on the Google Play Store. As per RBI’s digital lending norms, all loan disbursals and repayments ...
-
RBI’s Digital Lending Norms Will Help Sector Scale Up, Become More Responsible, Industry Says
The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like bank...
-
RBI Issues Stringent Norms For Digital Lending Services Aimed at Curbing Malpractice
The RBI has issued stringent norms for digital lending services and apps, as part of its attempts to curb malpractice in the sector. The central bank has mandated that digital loans must be credited directly in the bank accounts of borrowers and not through any third party, digital lending entities and not the borrowers should pay fees or charges p...
-
RBI Extends Deadline to Comply With Card Tokenisation Norms Till September 30
The Reserve Bank of India (RBI) has extended the card-on-file (CoF) tokenisation deadline by three months, changing it from June 30 to September 30. This date has been pushed due to requests received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions.
-
RBI Asked to File Compliance Report on WhatsApp Payments
The Supreme Court has granted six weeks’ time to the Reserve Bank of India (RBI) to file a report whether WhatsApp had complied with norms for launching its payment services.
-
Will Comply With RBI Norms Before Launching Payment Service: WhatsApp
Instant messaging app WhatsApp Friday told the Supreme Court that it is conducting a trial run of its payment service and will comply with RBI norms on data localisation before launching the full service.
-
WhatsApp Pay Can't Launch Without RBI Nod, Central Bank Tells Top Court
Central bank says messaging platform WhatsApp needs its permission to operate its e-payment feature after Supreme Court hears NGO petition questioning compliance with data localisation norms
-
WhatsApp Pay: Supreme Court Seeks RBI Response in Data Localisation Matter
The data norms relate to storing of payment related data within India, which has 200 million WhatsApp users.
-
For WhatsApp Payments, Top Court Wants RBI To Respond On Norms
The Supreme Court on Friday asked RBI to respond to an application looking to implead it as a party in a matter seeking directive to US-based WhatsApp to comply with data localisation norms for providing payment service in India.
-
Top Court Nod To Make RBI Party In WhatsApp Payment Service Case
The Supreme Court on Monday allowed an NGO to make the Reserve Bank of India (RBI) a party in a plea seeking direction to messaging application WhatsApp for complying with data localisation norms with regard to its payment services.
-
Centre To Push RBI For Transfer Of Nearly 3 Lakh Crore Reserve: Report
Keeping up the heat on the RBI, the government will continue to press the central bank to relax norms to boost lending and transfer at least a third of its Rs 9.6 lakh crore reserve, sources familiar with the discussions said.
