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3 mins read
Rise seen in financial inclusion index, jobs in the country, notes RBI
Improvement in FI-Index is mainly contributed by usage dimension, which further reflect deepening o…
1 min read
RBI asks card network to restrain unauthorised commercial payment system
The Reserve Bank of India on Thursday restrained a card network, that had an arrangement to enable …
ANI
4 mins read
RBI announces digital payments intelligence platform to check online frauds
In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …
ANI
2 mins read
China's trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned
Chinese banks are tightening compliance checks, fearing repercussions from Western sanctions.
Huileng Tan
2 mins read
Atal Pension Yojana guarantees minimum 8% return: Sitharaman rebuts Cong charges
In a strong rebuttal to Congress charges, Finance Minister Nirmala Sitharaman on Tuesday said Atal…
PTI
2 mins read
RBI to soon launch app to enable retail investors to participate in govt bonds
The Reserve Bank on Friday announced the launch of a mobile app to enable retail investors to parti…
PTI
2 mins read
A top Russian banker says Russia's payment methods should be a 'state secret' because the West keeps shutting them down so fast
Top Russian central banker Elvira Nabiullina admitted intense pressure surrounding payments, but sa…
Huileng Tan
2 mins read
RBI directs card issuers to offer choice among card networks, bans restrictive agreements
According to a press release, the central bank prohibited card issuers from entering into agreement…
ANI
1 min read
Crypto currencies have no underlying value, says RBI official
Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central…
PTI
1 min read
RBI stops Paytm Payments Bank from accepting deposits after Feb 29
The RBI on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any cust…
PTI
7 mins read
Over 100 basic-income pilots have run in US cities. Now states are getting creative to fund no-strings-attached cash payments.
The success of over 100 local GBI pilots in the US provides insight into future state-level policy.
Allie Kelly
2 mins read
Paytm Payments Bank gets final nod from RBI to operate Bharat Bill Payment System services
Paytm Payments Bank Limited (PPBL) received final approval from the Reserve Bank of India to operat…
ANI
1 min read
Russia says it will no longer disclose the names of organizations that use its alternative to the SWIFT payment system
Some Russian banks have been banned from the SWIFT banking system due to sanctions over the Ukraine…
Huileng Tan
2 mins read
Paytm UPI Lite is leading small-value payments in India with single-click transactions that never fail
Recognising the transformative impact of UPI Lite in everyday lives and its widespread popul…
3 mins read
EPFO unveils procedure to apply for higher pension under Employees Pension Scheme
Retirement fund body EPFO on Monday came out with a procedure to enable subscribers and their emplo…
PTI
5 mins read
India tweaks licensing norms for laptop, computer imports; online authorisation system introduced
The government on Thursday tweaked the cumbersome licensing norms to import IT hardware products li…
PTI
1 min read
RBI lifts business curbs imposed on American Express Banking Corp
The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Ba…
3 mins read
Tax man introduces ITR 1 and ITR 4 forms – Here’s what it means
The Central Board of Direct Taxes (CBDT) has revealed the Income Tax Return (ITR) Forms 1 and 4 for…
3 mins read
Atal Pension Yojana dominates social security scheme with 66% NPS subscriber base
"APY is the most subscribed plan among non-metro subscribers. This also reflects the demograp…
PTI
3 mins read
UPI joins the AI bandwagon, offline payments get a push
UPI (Unified Payments Interface) has made payments easier but the endeavour to simplify procedures …