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Reserve Bank of India

News Reports

RBI gives 15-day extension to Paytm Payments Bank, issues FAQ clarifying that Paytm QR, Soundbox and POS terminal linked to other banks will continue...

ANI -
The Reserve Bank of India on Friday gave a 15-day relaxation to Paytm payments bank on accepting deposits.
News Reports

RBI and Nepal’s central bank sign Terms of Reference for integration of UPI with National Payments Interface (NPI) of Nepal

ANI -
Reserve Bank of India and Nepal Rastra Bank signed and exchanged Terms of Reference for integration of Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal
News Reports

Persistent non-compliance: RBI explains why they took action against PayTM Bank

OpIndia Staff -
Speaking about RBI’s order against Paytm Payments Bank (PPB), RBI deputy governor Swaminathan J explained that the action was taken only after giving the firm sufficient time to comply
News Reports

RBI bars Paytm Payments Bank from onboarding new consumers with immediate effect, banking transactions to be stopped from 29 February

OpIndia Staff -
RBI has said that Paytm Payments Bank will not be allowed to do any deposits or credit transactions or top ups after 29th February
News Reports

This will be a game changer for the payments industry: Payments Council of India welcomes RBI allowing tokenisation of cards through banks

ANI -
The Payments Council of India (PCI), a representative body of the non-banking payment industry in India, welcomed the RBI's move to enable the issuing of tokens for cards via internet and commercial banks.
News Reports

RBI asks Bajaj Finance to stop issuing loans under ‘eCOM’ and ‘Insta EMI Card’ for violation of digital lending guidelines

OpIndia Staff -
RBI asks Bajaj Finance to stop sanction and disbursal of loans under its two lending products with immediate effect
News Reports

More than 97 per cent of Rs 2,000 banknotes returned to the banking system, Rs 10,000 crore worth of notes in circulation: RBI 

OpIndia Staff -
The Reserve Bank of India said Rs 10,000 crore worth of Rs 2,000 notes are currently in circulation.
News Reports

Reserve Bank of India extends deadline for depositing Rs 2000 notes to October 7; reiterates that it would continue to remain a legal tender

OpIndia Staff -
Banks will stop accepting Rs 2,000 notes for deposit or exchange from October 8. However, RBI specified options that people could avail for depositing or exchanging Rs 2000 notes from October 8
News Reports

The last date to exchange ₹2000 banknotes is 30 September, clarifies RBI amid reports of extension of the deadline

ANI -
Reserve Bank of India (RBI) has clarified that Rs 2,000 denomination banknote will cease to have its value after Saturday, 20 September
News Reports

Loan documents must be released within 30 days of full repayment, ₹5,000 penalty per day for delay: RBI announces major benefit for borrowers

OpIndia Staff -
RBI stated that banks and NBFCs have to release documents of properties and collateral mandatorily within 30 days.
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