RBI

The Reserve Bank of India (RBI) has released a draft approach paper to roll out Regulatory Sandboxes (RS), a mechanism to facilitate technology-leveraged innovation in the financial sector in a...
Apr 24, 2019
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The Reserve Bank of India (RBI) has imposed a monetary penalty of INR 10 million on Indian Bank  for contravention of RBI circular on Cyber Security Framework in banks issued by the regulator in...
Dec 11, 2018
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In what could be seen as a very progressive stance by the Indian regulator, BP Kanungo, Deputy Governor of Reserve Bank of India (RBI), called for creating regulatory sandbox to support innovation in...
Jun 04, 2018
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After years of announcements regarding blockchain Proofs of Concept and Pilots, a first successful enterprise grade deployment that includes multiple financial services organizations has taken place...
Apr 04, 2018
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With the Institute for Development and Research in Banking Technology (IDRBT), the nodal technology research centre set up by RBI announcing a successful trial of blockchain technology involving a...
Jan 25, 2017
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Reserve Bank of India governor Raghuram Rajan singled out payment systems to highlight the big changes that are taking place through technology. He was speaking at the IDRBT Banking Technology...
Jul 21, 2016
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The Reserve Bank of India has set up an inter regulatory Working Group (WG) to study the entire gamut of regulatory issues relating to Fin Tech and Digital Banking in India. RBI’s financial...
Jul 15, 2016
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The Indian central bank, Reserve Bank of India, is known globally for its balanced, no-nonsense approach to regulation. So, when it comes out with a guidelines/circular regarding some new...
Jun 27, 2016
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There is no new ‘vision’ or specific shifts in the just released payment and settlement system vision of Indian central bank Reserve Bank of India (RBI). Instead, the entire thrust seems to be on...
Jun 26, 2016
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Banks should immediately put in place a cyber-security policy approved by their respective boards, Indian banking regulator Reserve Bank of India has said in a circular sent to all CMDs/CEOs of...
Jun 07, 2016
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A combination of factors such as convenience, awareness and growing penetration of smart phones are driving the usage of mobile banking in India. According to latest data available from Reserve Bank...
May 16, 2016
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When RBI governer Raghuram Rajan warned against hasty implementation of NDA’s flagship financial inclusion plan, Pradhan Mantri Jan Dhan Yojana and urged banks not to run after numbers alone, it was...
Dec 10, 2015
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Where do Indian chief information security officers (CISOs) stand in the organizational structure? Who do they report to? What is their relationship with other functional departments, especially IT...
Nov 23, 2015
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Yesterday, Immediate Payment Service (IMPS) in India completed five years of its existence. It was on 22 November 2015 that National Payment Corporation of India had launched this real time money...
Nov 23, 2015
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Smart cities are the new buzzword in India. Preparations have started; so have the hectic activities by interested groups, not to mention the politics behind choosing the locations, within the...
Aug 14, 2015
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