Prime Minister Narendra Modi promised on November 8 that the pain due to demonetisation will ease within 50 days, yet within this duration the Reserve Bank of India has changed the rules at least......
Customers have other options available to them to do low-value transactions if wallets start mandating full KYC and would switch to those. As the Reserve Bank of India’s (RBI’s) March......
Amid spiralling prices of essential commodities in the country, the government is planning to revamp the method for measuring inflation with the help of World Bank's technical assistance.Moves are......
The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks. While payment banks will offer remittance......
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh. The Reserve Bank of India (RBI) on Wednesday allowed 11 business houses, including Reliance......