Monday, 4 March 2024 RBI governor Shaktikanta Das said the central bank has approved a platform that will facilitate online merchants to receive payments from any bank via internet banking, without signing up for every bank. Bharat Bill Payment System, an arm of the National Payments Corporation of India, will implement a new system of interoperable netbanking payments.
RBI's action against Paytm and Kotak Mahindra Bank for non-compliance raised concerns. Kotak Mahindra's failure to meet data storage requirements led to RBI directives. Similar actions were taken..
India's Central Bank RBI announced a framework for facilitating small value digital payments in offline mode that will bring rural India to the mainstream digital economy. Watch to find out..
Anyone, even the most careful of us, could fall victim to banking fraud; whether it be from outside hackers, scammers or perhaps by one's bank through unsafe or unsound practices. We zero in..
Monday, 4 March 2024
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