RBI

Auto Debit Deadline Is Extended: Transactions Worth 2000 Crores Saved From Failing!

The Reserve Bank of India has decided to push the deadline for implementing new rules on recurring transactions by another six months! Prior to this announcement, India's apex bank said that the new rules would kick in starting April 1...

Engaged in Cryptocurrency Trading Or Mining in India? Prepare To Face The Heat!

The teeter-totter between India and cryptocurrency looks set to end in heartbreak for those invested in virtual currency in one way or another. According to emerging reports, India is set to propose a law banning cryptocurrencies. The move is in...

Tata Group NUE To Have Flipkart, MasterCard, Airtel Digital By Its Side

The Tata Groups’ foray into the bidding process for acquiring an NUE license is attracting several partnerships. As RBI is committed to pushing the digital payments to a great level of usage, it's offering a limited number of licenses to...

RBI To Banks: Limit Ownership Stake In Insurers At 20%!

The Reserve Bank of India wants banks to limit their ownership in insurance companies! According to three sources in the know, RBI has unofficially directed Indian banks to cap their maximum threshold limit for holding ownership in capital intensive insurance...

New RBI Guidelines Force You To Memorise All Of Your Card Details

It's time to get your brain prepped to do some much-needed homework and commit to memory the 16-digit numbers from all of your debit/credit cards! Why? Because the Reserve Bank of India’s newly issued guidelines might not leave you with...

New Norms For Digital Payments Processors: RBI Wants Them To Improve Security And Compliance!

In a bid to improve governance, India’s central bank has decided to tighten the norms around security and compliance for banks and fintech companies. Aiming to help improve on factors such as security, control and compliance, the Reserve Bank of...

Rogue Squadron Alert: Don’t Fall Prey To Lending Apps On Google Play Store!

Whatever the world it may be, there always is a constant battle going on between the forces of good and evil. And despite the strictest vigil, due to the unfixing nature of the app world, something always manages to...

Digital Transactions In India: From 100 Million To 1.5 Billion Per Day by 2025

The number of digital transactions in India will increase by 15x in the next 5 years. The booming fintech industry of modern India is one of the best in the world, in terms of emerging digital economies. With a high...

Number of ATMs and POS In India by Month

The above graph represents the total number of ATMs and POS in India by month, starting from April 2011 to October 2019. As the graph shows, the number of Automated Teller Machines (ATMs) in the country hit a record...

Mobile Banking Transactions In India by Month: Volume vs Value

The above graph represents the total volume and value of mobile banking transactions in India by month. The usage of mobile banking services in India has constantly been increasing for the last few years. In October 2019, the number...

Latest News

Flipkart Acquires 100% Stake In Cleartrip To Diversify Its Offerings!

In a bid to increase the diversification of its offerings, Flipkart is all set to acquire a 100% stake...