Tag: RBI
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Look up who you are paying via NEFT soon
MUMBAI: RBI has asked the National Payments Corporation of India to develop a facility to allow customers using online fund transfer systems,...
RBI sets up panel for ethical AI use
MUMBAI: RBI has formed a panel to guide ethical AI adoption in the financial sector. The committee on Framework for Responsible and...
Avoiding ATM fake shutter fraud: Why some ATMs will now retract cash as per RBI mandate
ATMs are equipped with a mechanism that automatically retrieves unattended currency notes. (AI image) ATM cash retraction new rules: The Reserve Bank of...
Rate cut looks uncertain despite slowing growth
MUMBAI: Despite growth numbers coming in sharply lower and all-round calls for reduction in interest rates to support growth, the monetary policy...
RBI report shows India’s forex reserves cover stands at 11.2 months of imports with a slight decline
NEW DELHI: The Reserve Bank of India on Tuesday announced that India’s foreign exchange reserves can cover imports for 11.2 months based...
