With the increasing functions of NBFCs in the Indian Economy, the RBI (Reserve Bank of India) announced the notification Master Direction – IT (Information Technology) Structure for the Non-Banking Financial...
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A digital wallet is also recognised as an e-wallet, and it is a software-oriented system that protects the payment details and passwords of the clients or customers for different online...
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In recent years the digital payments have experienced rapid growth in India. Regardless of the Covid-19 pandemic and its economic impact, around 48 billion digital transactions were reported in the...
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This Wednesday, the Reserve of India (RBI) announces important guidelines to implement its circular on opening current accounts by banks. The Apex Bank has given banks time until the end...
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The Micro Financing Scheme in India was launched by the NMDFC (National Minorities Development and Finance Corporation) to deliver concessional finance to the minorities for self-employment or income-making activities. In...
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Recently, the RBI or the Reserve Bank of India restored the regulatory restrictions on loans and advances by traditional banks to directors of other banks & related companies. The Notification...
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The RBI (Reserve Bank of India) issued guidelines on NBFCs Dividend Distribution to introduce greater consistency and transparency in practice. The guidelines shall be successful for declaration of dividend from...
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In India, the Reserve Bank of India permits two banking licenses to financial organisations for different objectives and provides financial services to various clients. Besides the Universal Bank License, commercial...
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NBFC (Non-Banking Financial Company) is a financial company that offers financial and banking services, and it is regulated by the RBI (Reserve Bank of India) within the structure of the...
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The RBI (Reserve Bank of India) announced guidelines for co-operative banks to handle risks that will increase from outsourcing of financial services by co-operative banks in India. The RBI said...
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