UPI went viral, but the Gandhi Note stays.
While India has spent a decade trying to make money move without paper, the face of Gandhi on the currency note remains as relevant as ever.
Explore the latest news, in-depth reports, and executive analysis tagged with #Rbi.
While India has spent a decade trying to make money move without paper, the face of Gandhi on the currency note remains as relevant as ever.
In his new role, Malli will be responsible for the Department of Supervision (Supervisory Assessment).
The government's decision to reintroduce MDR has triggered a debate among merchants and the payments industry.
UPI's new 0.4% MDR grabbed headlines, but the real story is who profits. By our estimates, the top three UPI apps could get up to 40% of the MDR split.
The six-month extension is expected to provide some breathing room to PAs that were unlikely to complete the exercise across their entire merchant base by September 15.
The appointments have been approved by the company’s board, and the Reserve Bank of India (RBI) has also cleared Samir Sawhney’s appointment as Executive Director.
The offering is designed to comply with the accessibility requirements of the Reserve Bank of India (RBI) under BIS IS 17802 standards.
The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
The NBFC arm, Dhanrise Finance, is scheduled to commence lending operations in October 2026.
Chakraborty will oversee the Foreign Exchange Department as well as the Financial Markets Regulation Department.
July was defined by Trump's $1.4 billion crypto disclosure, while in India the RBI stuck to its long-held position on cryptos.
The surrender of the payments licenses comes even as Tata Digital says it is sharpening its focus on financial services.
The court's directive follows the RBI’s decision to revoke Paytm Payments Bank's banking licence in April.
In today's Money & Machines edition, we write on the return of crypto ban debate; and iMerit's acquisition.
The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.
In this editing, read the fintech reality check; and whether the frenzy around AI is actually translating into funding for Indian startups.
Some payment aggregator companies have faced penalties by card networks for misclassifying merchants under the utility merchant category codes.
The Reserve Bank of India has cancelled the licence of Paytm Payments Bank, bringing a long-running regulatory standoff to an end.
The RBI, in its note, said the "general character of the management of the bank is prejudicial to the interest of depositors as also the public interest."
According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.