
RBI’s new rules mandate cross-border payment aggregators to seek licence
Authorisation can be sought under any of the three categories – only payment aggregator-cross border, import only PA-CB, export and import PA-CB
Authorisation can be sought under any of the three categories – only payment aggregator-cross border, import only PA-CB, export and import PA-CB
BoB says the current RBI decision will not have any "material impact" on the bank’s overall business and growth plans
IMF says growth in India will remain strong, with an upward revision of 0.2 percentage points for 2023
The central bank announces key measures in the areas of regulation, payments systems, and consumer protection
The working group will be chaired by R Narayanaswamy, former professor, IIM Bangalore, and will consist of experts from academia, industry and banks
In July 2023, though growth prospects have been strong, inflationary pressures have "re-emerged", says the finance ministry in the latest monthly economic review
Facility available for customers of 7 banks for now; to make it easier for people to search unclaimed deposits
IMF says India has seen a "momentum" from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment
Moody's GDP growth estimates for India are lower than the Reserve Bank's projections, which projected economic growth of 8% in first quarter
With this, 56 platforms or entities remain in RBI alert list; they are neither authorised to deal in forex nor to operate ETPs