Reserve Bank of India
Expert explains: Will Nandan Nilekani panel's recommendations boost digital payments?
Wed, Jun 05, 2019
The Nandan Nilekani committee's recommendations for boosting digital payments have been received positively by industry experts. The panel has suggested a number of measures to boost digital transactions.
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New banking licenses: RBI hits pause button!
Tue, Jun 04, 2019
The Reserve Bank of India (RBI) has gone back on its policy of issuing on-tap banking licenses. Sources aware of the matter have confirmed to Zee Business that the central bank is of the view that for the next 2-3 years no new banking licenses should be issued.
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RBI will not issue new banking license for 2-3 years: Sources
Tue, Jun 04, 2019
The Reserve Bank of India (RBI) has decided to not give any new banking licence to players for 2-3 years, sources told Zee Media. The Board of Financial Supervision of the RBI has taken in-principle decision to not proceed further on new banking licence, sources further said. Decision on new licence will be taken after taking into consideration the situation of existing new banks, sources added.
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RBI digital payments: Nandan Nilekani panel suggests measures to boost online transactions
Mon, Jun 03, 2019
To encourage digital payments, the Nandan Nilekani committee has suggested a host of measures, including elimination of charges, round the clock RTGS and NEFT facility and duty-free import of point-of-sales machines.
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RBI MPC starts discussions on monetary policy review
Mon, Jun 03, 2019
"The Monetary Policy Committee (MPC) will meet during June 3, 4 and 6, 2019 for the second bi-monthly Monetary Policy Statement for 2019-20. The resolution of the MPC will be placed on the website at 11.45 AM on June 6, 2019," the RBI said Monday.
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New KYC norms: Opening bank account? You may need Aadhaar, but there is a condition!
Sun, Jun 02, 2019
New KYC norms: Banks can now use Aadhaar for KYC verification but not without the customer's consent. In case you don't have any other ID proof, you can give your consent to the bank to use your Aadhaar for account opening.
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RTGS timing changed: Here's what you pay to SBI, HDFC, PNB, ICICI Bank for sending money
Sun, Jun 02, 2019
The Reserve Bank of India recently extended the timings for customer transactions through Real Time Gross Settlement (RTGS) system. With effect from June 1, the RTGS timings for customer transactions (initial cut-off) will be 6:00 pm, instead of the present 4:30 pm.
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