Home > Archive by tag 'The Reserve Bank of India'

Posts Tagged ‘ The Reserve Bank of India ’

Ex-RBI exec Shinjini Kumar to head Paytm’s payments bank

Friday, February 19, 2016 | More »

Mobile wallet and e-commerce firm One97 Communications Ltd has appointed Shinjini Kumar, a former RBI executive and currently director at management consultancy firm PricewaterhouseCoopers (PwC), as CEO of its payments bank. Kumar is expected to take charge next month, according to separate media r...


Startups get RBI helping hand as investors turn wary

The Reserve Bank of India on Tuesday said it plans to remove some restrictions for startups to improve ease of doing business, a fortnight after the government announced tax exemptions and other incentives to boost entrepreneurial ventures. In a statement accompanying its monetary policy review, the...

2 February, 2016 | More »


RBI to help startups manage foreign exchange transactions

The Reserve Bank of India (RBI) has created a helpline for startups to help them with their forex queries as they undertake more cross-border transactions. The decision by the central bank comes in the wake of reforms instituted by capital markets regulator SEBI and the government to enhance the sta...

23 December, 2015 | More »


Tech Mahindra forays into mobile wallet space with MoboMoney

Tech Mahindra Ltd, which got Reserve Bank of India’s (RBI) in-principle nod to set up a payments bank, has forayed into the mobile wallet space. The contact-less wallet, called MoboMoney, works at both online and offline stores. MoboMoney is a prepaid tap-n-pay payment solution which is based ...

23 December, 2015 | More »


RBI may spoil e-commerce party as it suggests taxing e-retailers to boost state revenues

Taking cue from developed countries where laws are amended to tax inter-state online sales of goods and services, the Reserve Bank of India (RBI) has stressed on the need for clarity on taxation of e-commerce transactions, while also suggesting that states could tax the booming sector to boost reven...

13 May, 2015 | More »


How mobile banking grew in India over the last two years

One in 25 mobile users in the country used mobile banking services last year and even though the value of transactions through the mobile rocketed almost four times, the growth in number of users and the volume of transactions slowed down in FY14 over FY13, as per data collated by the Reserve Bank o...

22 September, 2014 | More »


RBI clarifies card payments without additional authentication illegal; Uber’s service to be hit

In a development that would affect services of companies like taxi service aggregator Uber, Reserve Bank of India (RBI) has on Friday clarified that all transactions using cards issued in India for payments on merchant sites (where no outflow of foreign exchange is contemplated) need a second au...

22 August, 2014 | More »