RBI

UPI has emerged as a preferred mode of payment for a large section of the population with over 11.23 billion transactions recorded in November New Delhi: On Tuesday, the Reserve Bank of India increased the limit for automatic payments through...

Unlocking India's e-commerce export potential to $350 billion by 2030 requires addressing banking issues that hinder growth and increase operational costsNew Delhi: Banking issues like reluctance to process forex received through alternate channels and high processing fees are hindering...

Similarly, the number of cards in use has also jumped by more than 5 million since January and crossed 87.4 million in the reporting month, making this also an all-time high in May, according to the RBI dataMumbai: Credit...

The list includes Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs)Mumbai: The Reserve Bank on Wednesday released a list of 54 entities, including Amazon (Pay)...

Tim Hortons is currently focusing on expansion in North India, covering Delhi and Punjab with further plans to enter markets like Mumbai, Pune, Surat, Ahmedabad and Bengaluru. New Delhi: Tim Hortons, the Canadian multinational coffeehouse and restaurant chain, based in Toronto,...

On Friday, the government announced that India will now be under lockdown till May 17 with a complete ban on theatres, malls, hotels and bars. Banks have informed the Reserve Bank of India (RBI) that as most of the...

In a big relief to the corporate sector the Reserve Bank of India on Friday allowed a three month moratorium on payment of instalments in respect of all term loans outstanding on March 1, 2020. Furthermore, the apex bank also...

The manufacturing sector, particularly textile and iron and steel segments, maintained its pace of sales growth in the second quarter of 2018-19 as compared to the year-ago period, the RBI said on Wednesday.Demand condition in the manufacturing sector "maintained its pace in the September...

Paytm has received final approval of the Reserve Bank to formally launch its payments bank and it expects to start operations next month. According to a PTI report: Payments banks can accept deposits from individuals and small businesses of up...

After increasing the limit on mobile wallet spends, RBI has now eased card payments by removing the two-factor authentication for online card transactions involving sums up to Rs 2,000. The move aims to simplify and encourage electronic payments adoption at...