Reserve Bank of India

RBI lays out guidelines for transactions between different mobile wallets

Reuters

The Reserve Bank of India on Tuesday laid out guidelines that would allow for seamless payments between different mobile ....

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
ADVERTISEMENT

WhatsApp builds system to store payments-related data locally

Reuters

Facebook Inc’s WhatsApp said on Tuesday it has built a system that stores payments-related data locally in India, in a bid ....

9 October, 2018

RBI considers launching own virtual coins to tackle cryptocurrencies, minting costs

Shweta Sharma

The Reserve Bank of India has formed an inter-departmental group to explore the workability of a rupee-backed digital currency, ....

30 August, 2018

RBI sets up unit for blockchain and AI to keep up with digital era

Shweta Sharma

Aiming to keep pace with emerging technologies, the Reserve Bank of India (RBI) has set up a new unit to research and supervise ....

27 August, 2018

Bitcoin, other cryptocurrencies may have a future in India after all

Anirban Ghoshal

Amid the recent doom and gloom, there might be a glimmer of hope for the cryptocurrency community in the country.  According ....

14 June, 2018
ADVERTISEMENT

Bitcoin traders move SC against RBI's directive on stamping out cryptocurrencies

Anirban Ghoshal

A group of bitcoin traders has moved the Supreme Court over the Reserve Bank of India's recent directive that required banks ....

14 May, 2018

Local storage of payment data to inspire confidence, entice transactions

Bipin Preet Singh

It was just another weekday on the sixth of April when a directive by Reserve Bank of India (RBI) asking all payment companies ....

7 May, 2018

CoinRecoil moves court against RBI clampdown on cryptocurrencies

Anirban Ghoshal

The operator of cryptocurrency exchange CoinRecoil has moved the Delhi High Court against the Reserve Bank of India’s recent ....

17 April, 2018

Cryptocurrency firms weigh shifting overseas, legal options after RBI crackdown

Anirban Ghoshal

Indian cryptocurrency exchanges are considering moving their operations outside the country and other options to carry on trading ....

9 April, 2018
ADVERTISEMENT

Banks can’t deal with bitcoin exchanges, payment firms must store data in India: RBI

Anirban Ghoshal

The Reserve Bank of India on Thursday barred banks, non-bank lenders, digital wallets and any other entities it regulates from ....

5 April, 2018

Vijay Shekhar Sharma sells 1% in One97 to raise $48.1 mn for payments bank

Arti Singh

Paytm's founder and chief executive Vijay Shekhar Sharma has sold 1% of his holding in the digital wallet's parent firm One97 ....

9 December, 2016

Paytm to merge wallet business with payments bank

Arti Singh

One97 Communications Ltd, the owner of digital wallet Paytm, said on Monday it will merge its wallet business with its upcoming ....

5 December, 2016

RBI eases norms for foreign investment in startups

Aman Malik

The Reserve Bank of India (RBI) has allowed Foreign Venture Capital Investors (FVCIs) registered with the Securities and Exchange ....

21 October, 2016

Startups can raise up to $3 mn from foreign lenders, new norms for pre-paid instruments: RBI

Aman Malik

The Reserve Bank of India (RBI) will allow startups to raise up to $3 million (Rs 20 crore), everyfinancial year from overseas, ....

4 October, 2016

MobiKwik scraps 6% annual profit scheme

Arti Singh

Mobile wallet MobiKwik has scrapped a scheme that promised a so-called annual profit to its users after regulatory intervention, ....

7 June, 2016

RBI proposes rules to regulate P2P lending

Team TC

The Reserve Bank of India on Wednesday proposed to define peer-to-peer lending ventures as non-banking finance companies and ....

28 April, 2016

RBI governor Rajan favours easier exit norms for startups

PTI

With concerns being raised about cash-burn in burgeoning e-commerce sector, RBI Raghuram Rajan today made it clear that getting ....

26 April, 2016

Concept paper to regulate P2P lending startups by April-end: RBI

Binu Paul

The Reserve Bank of India will seek public comments to regulate the peer-to-peer lending business after a number of startups ....

5 April, 2016