RBI installs ombudsman for digital payments

Payal Ganguly

Reserve Bank of India (RBI) has launched an ombudsman scheme for digital payments, a little less than three months after the RBI proposed ....

1 February, 2019

SBI leak exposes account data of millions of customers: Report

Anand J

Public sector lender the State Bank of India has secured a leak that exposed account data of millions of customers, a news report ....

31 January, 2019
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RBI directs P2P lenders to file quarterly reports on key metrics: Report

Binu Paul

To effectively assess the performance of peer-to-peer (P2P) lending platforms, the Reserve Bank of India (RBI) has directed licence ....

29 January, 2019

Used cars marketplace Cars24 seeks NBFC licence

Payal Ganguly

Online used cars marketplace Cars24 has applied to the Reserve Bank of India for a non-banking financial company (NBFC) licence ....

24 January, 2019

RBI brings out policy paper to encourage new payment system operators

Payal Ganguly

In a bid to encourage competition among payment platforms and reduce the risk of concentration among a few players, the Reserve ....

22 January, 2019

RBI sets up digital payments panel led by Nandan Nilekani

Payal Ganguly

The Reserve Bank of India (RBI) on Tuesday announced setting up of a committee for deepening digital transactions led by Nandan ....

8 January, 2019
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After ban on Aadhaar-based eKYC, mobile wallet transactions show sequential decline

Payal Ganguly

Transactions using mobile wallets declined month-on-month for November 2018, both in value and volume, following a September judgment ....

8 January, 2019

Indian banks record spike in cyber fraud cases

Anand J

As digital transactions continue to gain traction in India, the country’s central bank has said that there has been a 50% ....

3 January, 2019

IBM, TCS, Wipro among RBI's pick of six firms for developing Public Credit Registry

Anirban Ghoshal

The Reserve Bank of India (RBI) has shortlisted six information technology companies to help it set up a national digital Public ....

24 December, 2018

RBI reveals why it barred Paytm Payments Bank from on-boarding new customers

Vijayakumar Pitchiah

The Reserve Bank of India debarred Paytm Payments Bank from onboarding customers in August due to a few breaches including ....

21 December, 2018
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RBI to install grievance redressal scheme for digital financial transactions

Payal Ganguly

The Reserve Bank of India (RBI) has said it will install an ombudsman scheme for digital financial transactions by January 2019. ....

6 December, 2018

Crypto exchange firm Koinex eyes global market amid trading constraints in India

Anand J

To fuel its global expansion plans, multi-cryptocurrency trading platform Koinex has said it will offer blockchain-based solutions ....

5 December, 2018

How Indian banks are using emerging tech to do more than just acquire customers

Shweta Sharma

In a bid to reduce costs, create product and service differentiation, and in turn, gain more market share in a crowded segment, ....

23 November, 2018

Two years after demonetisation: How digital transactions fared since note ban

Payal Ganguly

Two years after the government rendered high-value currency notes illegal, demonetisation has boosted digital transactions and ....

9 November, 2018

RBI may create ombudsman for digital transactions

Vijayakumar Pitchiah

The Reserve Bank of India has proposed setting up an ombudsman scheme specifically for online payments in light of the rising ....

8 November, 2018

Unocoin founder arrested for running Bitcoin trading kiosk

Anirban Ghoshal

Cryptocurrency firm Unocoin’s co-founder Harish BV has been arrested by sleuths from the central crime branch for running ....

24 October, 2018

Explainer: How does the RBI’s data localisation directive impact payments firms?

Payal Ganguly

The Reserve Bank of India’s refusal to extend the deadline for localisation of payments data in India has left global companies ....

16 October, 2018

RBI to stick with plan to force payments firms to store data locally

Reuters

The Reserve Bank of India (RBI) will implement in full its directive that forces global payment companies to store data locally ....

11 October, 2018

Zebpay shuts downs cryptocurrency exchange in face of RBI ban

Anirban Ghoshal

Zebpay, a virtual-coin exchange platform and mobile wallet, on Friday, said that it was shutting down its cryptocurrency exchange ....

28 September, 2018

Facebook, other global tech firms gear up to fight India's planned data law

Reuters

Global tech companies plan to oppose new legislation in India that would require Facebook, PayPal and others to store user ....

19 September, 2018

Govt tells WhatsApp to follow the law, set up Indian entity

Anirban Ghoshal

On a day when WhatsApp chief executive Chris Daniels began his India tour, the government sent the Facebook-owned instant ....

21 August, 2018