Significant relief for payment aggregators, Reserve Bank of India said that applicants of payment aggregators need to have INR 15 Crore of net worth and which is to be increased...
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Have you ever heard about Full Fledged Money Changer? If you have heard about Full Fledged Money Changer, have you ever tried to understand who regulates it? Still, puzzled? Are...
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Non-Banking Financial Sector has attained a sky-rocketing success over recent years. It holds paramount value in regulating the growth of the financial system. These financial institutions have been a primary...
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A robust banking and financial system are essential components to channelize the growth of an economy. NBFC’s are financial intermediaries that play a vital role in developing Indian economy. It...
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As per a circular dated 6th April 2018, Reserve Bank of India prohibited financial institutions and banks from dealing in virtual currencies like Bitcoin. RBI ordered banks to break all...
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Every business venture requires an adequate amount of funds to run its day to day operations. Insufficiency in finances can hinder the progress and compels one to shut down the...
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Recently, Non-Banking Financial Companies have outperformed the traditional lenders, banks in the sphere of credit deployment. NBFC leverage technology-driven solutions to penetrate credit facilities in the remote sectors. Such institutes...
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India sustains a steady growth in the volume of foreign trade which enriches our country’s communication system and makes room for the traders to outreach the domestic boundary. The persistent...
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All the financial institutes can take a sigh of relief as RBI shall soon introduce technology-driven customer verification through video KYC. Previously, when Reserve Bank of India made it mandatory...
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Considering the rising volume of card transactions, RBI has issued a new set of rules for debit and credit cards. On Wednesday, the Reserve Bank of India released new guidelines...
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