Topics: Reserve Bank

Russia’s Sberbank Expands IT Operations in India, Opens New Unit in Bangalore

Sberbank, Russia's largest bank, has received official authorization from the Reserve Bank of India to set up an IT unit in Bangalore, India. "The newly...
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Christine Lagarde: ECB Ready to help euro-zone banks

Welcoming the Swiss authorities' decision over Credit Suisse's takeover bid rival UBS, European Central Bank's (ECB) President, Christine Lagarde on Tuesday told the EU...

Hitachi Payment Services gets in-principle nod from RBI to operate as payment aggregator

India-based end-to-end payment solutions provider, Hitachi Payment Services has said, “It has received in-principle authorization from the Reserve Bank of India (RBI) to act...

An interview with Ambarish Parekh, CEO of Paycraft

Today we speak to Ambarish Parekh, CEO of Paycraft to understand how Paycraft is shaping the online payment industry through its innovative product offerings. Read...

BlackSoil invests $4.5 Mn of growth capital in Blu-Smart Mobility, BigHaat & LoanTap

Leading venture debt player BlackSoil Capital today announced that it has provided $4.5+ Mn of growth capital to three distinguished startups. The startups are...

“I was sitting on the fence for the crypto segment,” says Anirudh. A. Damani of Artha Venture Fund

Speaking on the Finance Minister Niramala Sitharaman announcement on cryptocurrency during the Budget 2022-23, Anirudh. A. Damani, Managing Partner of Artha Venture Fund said, ...

Budget 2022-23: Banking, Finance, Neo Bank, NBFC Sector Reactions

Banking, Neo bank, NBFC & Business  market reactions on Budget 2022-23: As Finance Minister Nirmala Sitharaman on Tuesday made an announcement outlining the economic...

CBS Bank appointed as Agency Bank by RBI

CSB Bank has been empanelled as 'Agency Bank' by the Reserve Bank of India (RBI). This appointment will allow CSB Bank to undertake the...

“DeFi is dangerous,” says Senator Elizabeth Warren

During the Senate Banking Committee hearing on Stablecoins and DeFi, Massachusetts Senator Elizabeth Warren said, "DeFi is the most dangerous part of the crypto...

Anand Kumar Bajaj, MD & CEO of PayNearby on RBI Monetary Policy

Anand Kumar Bajaj, Founder, Managing Director & CEO of PayNearby on RBI Monetary Policy said, "The pandemic boosted the need for contactless payments and...

Sarvatra Technologies MD & Vice Chairman Mandar Agashe on RBI Monetary Policy

Commenting on the RBI Monetary Policy, Sarvatra Technologies Managing Director & Vice Chairman, Mandar Agashe said, "This year interestingly, despite record purchase transactions during...

Bandhan Bank Chief Economist & Head of Research Siddhartha Sanyal on RBI Monetary Policy

Speaking on the RBI Monetary Policy that was announced on Tuesday, Bandhan Bank's Chief Economist & Head of Research Siddhartha Sanyal said, "Maintaining status...

Tata Capital MD & CEO Rajiv Sabharwal on RBI Monetary Policy

Speaking on the monetary policy announced by the Reserve Bank Of India (RBI), Rajiv Sabharwal, Managing Director & CEO of Tata Capital said, "RBI...

Yes Bank Chief Economist Indranil Pan on RBI Monetary Policy

Speaking on the monetary policy announced by the Reserve Bank Of India (RBI) on Tuesday, Yes Bank's Chief Economist, Indranil Pan said, "Monetary policy...

RBI Monetary Policy: Repo Rate remains Unchanged, Inflation, GDP, UPI Transaction

Citing to the rising fear of COVID-19 Omicron variant in the country, The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) on Tuesday...

Jana Small Finance Bank partners with TReDS platforms

Jana Small Finance Bank Friday announced its partnership with all the three existing TReDS platforms, including M1xchange, RXIL, and A.TReDS.  The Bank in its issued...

RBI appoints Bandhan Bank as an agency bank

Reserve Bank of India (RBI) on Monday announced the appointment of Bandhan Bank as an Agency Bank of the RBI for undertaking Government business. "The...

“Crypto should be deemed as a foreign asset,” Says R Gandhi, RBI’s Former Deputy Governor

Former Deputy Governor of Reserve Bank of India (RBI), R Gandhi on Tuesday said, "Crypto needs to be treated as a foreign asset and...

Nium to buy Wirecard Forex

Nium, a leading global payments platform, today announced it has signed a definitive agreement to acquire Wirecard Forex India Pte. Ltd – a foreign...

Relief measures for MSME, Individuals couldn’t be more timely: Ramesh Iyer, MD & VC, Mahindra Finance

Speaking on the announcement made by the Reserve Bank of India (RBI) on reopening of one-time restructuring for Individuals, and MSMEs till September 20,...

Reopening of on-time restructuring for individuals & MSME is a great relief

The RBI's announcement of re-opening one-time restructuring for individuals and MSMEs till September 30, comes as a great relief.  Further in cases where, individual borrowers...

Yandex acquires Acropol Bank for $14.7 million

Yandex has today announced the acquisition of 100% stakes of Acropol Bank for RUB 1.1 Billion (appx. $14.7 million). In a filing with the exchange,...

ixamBee mergers with online competitive Exam Preparation platform TargetRBI

Leading edtech platform ixamBee has announced the merger of online competitive exam preparation platform TargetRBI.  TargetRBI is an initiative launched in 2012 by former RBI...

M1xchange scores $10 mn from Amazon and others

M1xchange, a Reserve Bank (RBI) approved Trade Receivable Discounting System (TReDS) license holder has raised $10 million in new round funding led by Amazon. The...

Former Governor of Bank of England Carney joins Stripe board

U.S.-based digital payment company Stripe Inc has announced the appointment of former governor of Bank of England (BOE), and Canadian Central Bank Mark Carney...

Payment Council hails RBI’s Master Directions on Digital Payments Security Controls to promote payment security

The Payments Council of India (PCI), the largest industry body for digital payments ecosystem in India welcomed the Master Directions on Digital Payments Security...

Vishwavir Ahuja re-appointed as RBL Bank’s MD & CEO

RBL Bank has announced the re-appointment of Vishwavir Ahuja as Managing Director and Chief Executive Officer of the bank. In a filing with the exchange,...

Reserve Bank ducks Vasantdada Nagari Sahakari Bank license

The Reserve Bank of India (RBI) has canceled the license of Osmanabad, Maharashtra based Vasantdada Nagari Sahakari Bank Limited. Reserve Bank in its statement said,...

New Zealand’s Reserve Bank data systems hacked

New Zealand's Reserve Bank on Sunday said, "One of its data systems has been illegally accessed by unidentified hackers." "The third-party file sharing service used...

PCI Applauds RBI’s Bold Step Towards Deepening Financial Inclusion

The Reserve Bank of India (RBI) on Tuesday issued the implementation guidelines for its much awaited scheme on Payments Infrastructure Development Fund (PIDF). According...

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