RBI cancels registration of Cashbean lending app operator PC Financial Services
The Reserve Bank of India (RBI) announced the cancellation of P C Financial Services Pvt. Ltd.’s Certificate of...
Reserve Bank of India
Reserve Bank of India
Nepal to become the first country to adopt India’s UPI system
The National Payments Corporation of India (NPCI) announced that Nepal will be the first country to introduce India’s...
Adani Group forms new subsidiary AdaniConnex to set up data center
Adani Group, the ports-to-energy conglomerate, has formed a new subsidiary to set up a data center in Mumbai,...
Bitcoin, Ethereum or NFT will never become legal tender: Finance Secretary
While the RBI’s announcement regarding digital currencies is not new, a government official has stated for the first...
Crypto Regulation Bill unlikely to be tabled during upcoming budget sessions
The Central Government is unlikely to introduce the much-anticipated cryptocurrency regulation Bill during the Parliament’s upcoming budget session,...
RBI forms dedicated fintech department to focus on the ‘dynamically’ rising sector The department will also address CBDCs
The fintech sector in India has been at the forefront of receiving funding from marquee investors. The Reserve...
RBI approves Fino Payments Bank’s international remittance business
Fino Payments Bank, a Mumbai-based fintech startup, has received India’s central bank’s approval to launch its international remittance...
India’s central bank expresses concerns over private cryptocurrencies
Given their highly speculative structure, private cryptocurrencies offer immediate risks to customer protection and are prone to fraud...
RBI in favor to introduce basic version of CBDC with minimal disruption on monetary policy
As India gears up with regulatory uncertainties surrounding cryptocurrencies, the country’s central bank, the Reserve Bank of India...
SEBI Chief asks Mutual funds to avoid crypto-based investments till there’s a law
Ajay Tyagi, Chairman of market regulator the Securities and Exchange Board of India (SEBI), said that mutual funds...