Tag: rbi
Cred receives in-principle approval from the RBI for payment aggregation business
Fintech firm Cred has received in-principle approval from the Reserve Bank of India (RBI) for the payment aggregation (PA) business, said people familiar with the…
Revoult: Neobank Revolut India gets in-principle nod for PPI license from RBI
Tiger Global and Softbank-backed neobank Revolut India has received an in-principle approval from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI),…
Another bank in crisis: RBI stops customers from withdrawing money; what are your rights as depositors if your bank fails?
Customers of Shirpur Merchants’ Co-operative Bank in Maharashtra cannot withdraw money from their accounts now after the latest direction of the Reserve Bank of India…
innoviti payments: Innoviti Payments, Concerto Software get RBI payment aggregator licences
Offline point-of-sales deploying company Innoviti Payments and payment gateway Vegaah, which is run by Concerto Software and Systems, have secured the online payment aggregator (PA)…
Ashneer Grover: Ashneer Grover writes to RBI seeking probe into BharatPe’s shareholding, licence applications
Ashneer Grover, cofounder and former managing director of BharatPe, has written to the Reserve Bank of India (RBI), asking the banking regulator to initiate an…
Paytm crisis: FM Nirmala Sitharaman asks RBI, fintechs to hold monthly meetings in wake of Paytm crisis
Finance Minister Nirmala Sitharaman has asked regulators to hold monthly meetings with startups and fintech firms to address their issues and concerns while emphasising strict…
Money laundering suspected: More payment banks under scanner
NEW DELHI: More payment banks may face regulatory action as the Financial Intelligence Unit (FIU) has detected about 50,000 accounts without know-your-customer (KYC) verification and…
Paytm Bank’s exit from UPI unlikely to be disruptive
MUMBAI: Paytm Payments Bank’s regulator-mandated virtual exit from the UPI platform may not have as disruptive an impact on the cashless transaction ecosystem as is…
Paytm: Paytm’s UPI payments: Two contrasting trends
Digital payments major Paytm, which is run by One 97 Communications, has seen a stagnation in Unified Payments Interface payments originating from its payments bank…
Paytm news: Hardly any room for review of action taken against Paytm Payments Bank: RBI Guv Das
After curbing fintech company Paytm’s banking unit’s operations, the Reserve Bank of India‘s governor Shaktikanta Das has said there is “hardly any room for review”….