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
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November 2023
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June 2023
BoB shares slip 4% after RBI bars new customer onboarding to mobile app
BoB says the current RBI decision will not have any "material impact" on the bank’s overall business and growth plans
IMF raises India’s FY24 growth forecast to 6.3% on consumption boost
IMF says growth in India will remain strong, with an upward revision of 0.2 percentage points for 2023
RBI introduces new channel for card-on-file tokenisation, extends PIDF scheme
The central bank announces key measures in the areas of regulation, payments systems, and consumer protection
RBI forms working group on ECL provisioning
The working group will be chaired by R Narayanaswamy, former professor, IIM Bangalore, and will consist of experts from academia, industry and banks
Inflationary pressures to remain high in coming months: FinMin
In July 2023, though growth prospects have been strong, inflationary pressures have "re-emerged", says the finance ministry in the latest monthly economic review
RBI launches ‘UDGAM’ platform for unclaimed deposit search
Facility available for customers of 7 banks for now; to make it easier for people to search unclaimed deposits
IMF raises India’s FY24 GDP forecast to 6.1% from 5.9%
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 pegs India's Q1 GDP growth at 6-6.3%, flags fiscal slippage risks
Moody's GDP growth estimates for India are lower than the Reserve Bank's projections, which projected economic growth of 8% in first quarter
RBI adds 8 more entities, apps to unauthorised forex platforms list
With this, 56 platforms or entities remain in RBI alert list; they are neither authorised to deal in forex nor to operate ETPs
