Top 50 non-bank lenders under RBI’s close watch
The Reserve Bank of India (RBI) said it is closely monitoring 50 top non-bank lenders and has cancelled the registrations…
Irdai may tighten rules for insurers
The insurance regulator is likely to tighten licence norms, favouring candidates that are resilient to deep and prolonged crises. Irdai…
RBI issues guidelines for SROs in payments
The Reserve Bank of India (RBI) on Tuesday, 18/08/2020, issued draft guidelines for establishing self-regulatory organizations (SROs), which will be…
RBI frames rules for starting NPCI rivals
Any new umbrella organization for retail payments on the lines of the National Payments Corp. of India (NPCI) must have…
RBI revises norms for core investment cos
The Reserve Bank of India (RBI) announced stricter guidelines for core investment companies (CICs), mandating more disclosures, better risk management…
Sebi charges Kirloskar’s promoters
SEBI has charged some of the promoters of Kirloskar Brothers Ltd (KBL) with fraud in a decade-old case of the…
RBI to set up ‘Innovation Hub’ to promote financial inclusion, efficient banking
The Reserve Bank on Thursday, 06/08/2020 said it will set up an ‘Innovation Hub’ in the country for ideation and…
RBI to allow offline payments through cards on pilot basis
The Reserve Bank has been encouraging entities to develop offline payment solutions. It is, therefore, proposed to allow a pilot…