Tag: 2021, Fraud, India, KYC, RBI
RBI Cautions Public Against KYC Frauds
The Reserve Bank of India cautioned the public against frauds being perpetrated on the pretext of updating know-your-customer or KYC...
You can soon use debit cards without any network
Debit cardholders may soon be able to request their bank for a Visa card that allows them to store up to Rs 2,000 in the chip itself,...
RBI may launch e-currency by December
RBI governor Shaktikanta Das reiterated that the central bank may launch a pilot of its digital currency by December 2021. However, the RBI...
Account Aggregator Ecosystem
The Account Aggregators framework in India has been another revolution in the making. It is part of the larger India Stack. Just as it was...
Wind of change
To make the recordkeeping process related to securities traded in the market more secure, Sebi has asked depositories to use distributed...
RBI caps locker liability to 100 times annual rent
The Reserve Bank of India last week came out with revised guidelines for the hiring of lockers under which the liability of banks will be...
RBI holds rates to fuel growth
The RBI on Friday kept key interest rates unchanged and the monetary policy committee vowed to persist with an easy stance as long as...
Cabinet Approves Changes in Deposit Insurance Law
The Cabinet approved amendments to the deposit insurance law to ensure that the guaranteed amount of up to ₹5 lakh is paid within 90 days...
RBI Allows Individuals to Directly Invest in Government Bonds
The Reserve Bank of India opened a dedicated bond-buying window for retail investors. Individual savers can now buy and sell bonds through...
Covid-19: Household savings fell, debt rose
Indians saw their savings shrink and bank debt burden rise in the third quarter of the FY21 as the country emerged from the impact of the...
