Reserve Bank of India Archives

Paytm Payments Bank has been barred from onboarding new customers by the Reserve Bank of India.

Khushi SethiMarch 12, 2022

The Reserve Bank of India (RBI) Friday coordinated Paytm Payments Bank Ltd to quit onboarding new clients with quick impact and lead a far-reaching review of it...

India NewsNews

Paytm Payments Bank may apply for SFB license by June: Report

BalrajMarch 10, 2022

One97 Communications' Paytm Payments Bank is said to apply to the Reserve Bank of India (RBI) for a small finance bank (SFB) licence by June of this year, Money...

BusinessIndia News

RBI launches UPI123Pay for feature phones; transactions won’t require internet

BalrajMarch 8, 2022

Shaktikanta Das, Governor of the Reserve Bank of India (RBI), announced the country's most popular unified payments interface (UPI) service for feature phones o...

India News

RBI cancels registration of Cashbean lending app operator PC Financial Services

BalrajFebruary 25, 2022

The Reserve Bank of India (RBI) announced the cancellation of P C Financial Services Pvt. Ltd.'s Certificate of Registration (CoR). The company mainly operates ...

BusinessIndia NewsStartups

Nepal to become the first country to adopt India’s UPI system

BalrajFebruary 19, 2022

The National Payments Corporation of India (NPCI) announced that Nepal will be the first country to introduce India's UPI system, which will play an important r...

BusinessIndia NewsTech

Adani Group forms new subsidiary AdaniConnex to set up data center

BalrajFebruary 7, 2022

Adani Group, the ports-to-energy conglomerate, has formed a new subsidiary to set up a data center in Mumbai, one of the half-dozen cities targeted by billionai...

BusinessIndia NewsTech

Bitcoin, Ethereum or NFT will never become legal tender: Finance Secretary

BalrajFebruary 4, 2022

While the RBI's announcement regarding digital currencies is not new, a government official has stated for the first time that cryptocurrencies like Bitcoin, Et...

Crypto RegulationIndia NewsNFTs

A silver Bitcoin cryptocurrency with India flag in the background

Crypto Regulation Bill unlikely to be tabled during upcoming budget sessions

BalrajJanuary 20, 2022

The Central Government is unlikely to introduce the much-anticipated cryptocurrency regulation Bill during the Parliament's upcoming budget session, which begin...

BusinessCryptoIndia News

Reserve Bank of India (RBI) building in Mumbai

RBI forms dedicated fintech department to focus on the ‘dynamically’ rising sector
The department will also address CBDCs

BalrajJanuary 10, 2022

The fintech sector in India has been at the forefront of receiving funding from marquee investors. The Reserve Bank of India (RBI) has recently established a fi...

BusinessIndia NewsTech

RBI approves Fino Payments Bank’s international remittance business

BalrajJanuary 4, 2022

Fino Payments Bank, a Mumbai-based fintech startup, has received India's central bank's approval to launch its international remittance business under the Money...

BusinessIndia News