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RBI launches UPI for feature phone users

RBI launches UPI for feature phone users

The new Unified Payments Interface (UPI) will allow India's 40 crore feature phone users to access the payment service

8 March 2022 9:04 AM GMT

RBI rejects Keralas plea to review ban on calling co-op societies as banks

RBI rejects Kerala's plea to review ban on calling co-op societies as...

14 Dec 2021 4:59 AM GMT

Shaktikanta Das reappointed as RBI Governor for three more years

Shaktikanta Das reappointed as RBI Governor for three more years

New Delhi: The government has reappointed Shaktikanta Das as the Reserve Bank of India's (RBI) governor for three...

29 Oct 2021 4:38 AM GMT

RBI slaps Rs 1 crore penalty on Paytm Payments Bank

RBI slaps Rs 1 crore penalty on Paytm Payments Bank

The Reserve Bank of India (RBI), on Wednesday, announced that it has slapped a penalty of Rs 1 crore on Paytm Payments...

21 Oct 2021 7:20 AM GMT

Non-compliance of directions: RBI slaps Rs 1cr penalty on SBI

Non-compliance of directions: RBI slaps Rs 1cr penalty on SBI

Mumbai: The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 1 crore on the country's largest...

19 Oct 2021 4:33 AM GMT

RBI proposes to raise IMPS transaction daily limit to Rs 5 lakh

RBI proposes to raise IMPS transaction daily limit to Rs 5 lakh

In a bid to promote digital transactions, the Reserve Bank on Friday proposed to increase the per transaction limit from...

8 Oct 2021 8:42 AM GMT

US trade official calls Indias Mastercard ban draconian: Report

US trade official calls India's Mastercard ban 'draconian': Report

A document accessed by Reuters has revealed that a senior US trade official has privately criticized India's decision to...

20 Sep 2021 9:27 AM GMT

RBI stops payment service provider Mastercard from issuing new cards

RBI stops payment service provider 'Mastercard' from issuing new cards

New Delhi: The Reserve Bank of India has imposed an indefinite ban on payment service major 'Mastercard', restricting it...

15 July 2021 10:25 AM GMT

ATM transactions beyond free limit to be costlier from next year

ATM transactions beyond free limit to be costlier from next year

New Delhi: The Reserve Bank of India (RBI) on Thursday permitted lenders to increase charges for cash and non-cash...

11 Jun 2021 9:20 AM GMT