Tag Archives: RBI

QuickPay, the fintech subsidiary of Quicktouch Technologies, has won initial approval from the Reserve Bank of India (RBI) for a Payment Aggregator license in response to the Payment and Settlement Systems Act of 2007. This approval brings QuickPay nearer to changing into absolutely operational below the supervision of the RBI. …

New Delhi: The Reserve Bank of India (RBI) is prone to switch a bumper dividend to the Central govt — within the vary of Rs 2.5-3 lakh crore – which has resulted in a rally in momentary bonds, analysts stated on Wednesday. The RBI dividend would constitute a pointy leap …

New Delhi: Banking fraud circumstances prior to now few years have higher hastily. The govt and banks to be able to curb such incidents had been taking steady measures. In this path, it’s anticipated that each financial institution within the nation would possibly quickly be allowed to have its personal …

Mumbai: The Reserve Bank of India proposes to cap a unmarried regulated entity’s (RE) contribution to any Alternative Investment Funds (AIF) at 10 in keeping with cent of its corpus whilst jointly, a ceiling of 15 in keeping with cent will follow for funding through all REs in an AIF …

New Delhi: The Reserve Bank of India has introduced that it’ll in a while factor Rs 20 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Sanjay Malhotra, Governor.  The design of those notes is the same in all respects to Rs 20 banknotes in Mahatma Gandhi (New) …

New Delhi: The Reserve Bank of India (RBI) has introduced that it’s going to quickly factor ₹20 denomination banknotes within the Mahatma Gandhi (New) Series, bearing the signature of the brand new RBI Governor, Sanjay Malhotra, in line with an reputable remark. The new notes will retain the present design …