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RBI Plans Curbs On Suspect Bank Accounts To Fight Cyber Fraud: Report
India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.
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Should Existing Kotak Mahindra Bank Customers Be Worried Over RBI Curbs?
Kotak Mahindra Bank must immediately stop onboarding new customers through its online and mobile banking channels and issuing new credit cards, the Reserve Bank of India said as it flagged "serious deficiencies and non-compliances".
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RBI Curbs On Kotak Mahindra Bank: No New Online Customers, Credit Cards
Citing data security concerns, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can, however, continue to serve its customers
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Google Pay, PhonePe Gain Customers After RBI's Curbs On Paytm
Google and Walmart Inc. are rapidly gaining customers from India's Paytm, the fintech pioneer struggling to navigate central bank restrictions and the potential shutdown of a key payments affiliate.
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RBI Not Planning Harsher Rules to Curb Fintech Sector After Paytm Strictures, Official Says
The Reserve Bank of India does not plan to impose drastic measures on India's fintech sector after the recent action against Paytm Payments Bank, according to P Vasudevan, an executive director in charge of enforcement at the central bank. Paytm has been in the crosshairs of the regulator for some time, with multiple warnings over the past two year...
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Paytm CEO Vijay Shekhar Sharma Said to Be in Talks With RBI Over Regulatory Concerns
Paytm Chief Executive Vijay Shekhar Sharma met the Indian central bank on Monday to discuss plans to address regulatory concerns, two sources with direct knowledge of the talks said on Tuesday, days after the regulator imposed curbs on its banking affiliate.
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1,000 Accounts, 1 PAN: How Paytm Payments Bank Came Under RBI's Radar
Hundreds of accounts created on Paytm Payments Bank without proper identification were one of the major reasons for the Reserve Bank of India to impose stringent curbs on the company.
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"Your Money Is Safe": Paytm Payments Bank To Customers After RBI Curbs
The Paytm Payments Bank on Friday assured its customers that their "money is safe" with the company, two days after the Reserve Bank of India (RBI) issued a directive restricting it from accepting new deposits or allowing credit transactions.
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After RBI Clampdown, Paytm Shares Important Updates For Its Users
Following RBI restrictions on its mobile wallet, Paytm addressed user concerns through an FAQ.
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''Can't Believe...'': Capitalmind CEO After RBI's ''Over The Top'' Curbs On Paytm Payments Bank
Reacting to the development, Capitalmind CEO Deepak Shenoy called the central bank's action "uncharacteristically over the top".
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"RBI Doesn't Want...": Ashneer Grover After Curbs Imposed On Paytm Payments Bank
After the Reserve Bank of India (RBI) imposed restrictions on Paytm Payments Bank, BharatPe co-founder Ashneer Grover said that the central bank's move was against the interest of fintech firms.
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Curbs On Paytm Payments Bank Services: What Happens To Your Money Now
In a major blow to Paytm Payments Bank Limited, an associate of Paytm, the RBI on Wednesday ordered the lender to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other prepaid instruments.
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"Will Help Curb Black Money": Ex RBI Official On Rs 2,000 Notes Withdrawal
Former Reserve Bank Deputy Governor R Gandhi on Friday said withdrawal of the Rs 2,000 bank notes will help in curbing black money to a "great extent" because people are hoarding the high value currency.
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India Must Gear Up To Curb Volatility Risks Of International Rupee: RBI Deputy Governor
"It is now widely accepted that while internationalisation and a freer capital account comes with its own set of benefits, it is not without risks," M. Rajeshwar Rao said.
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High Interest Rates Will Help Curb Inflation: RBI Member Ashima Goyal
RBI Monetary Policy Committee (MPC) member Ashima Goyal on Wednesday said that the efforts of the Reserve Bank to contain price rise by repeatedly increasing interest rates will help in containing inflation, which is likely to fall below 6 per cent next year.
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RBI Plans Curbs On Suspect Bank Accounts To Fight Cyber Fraud: Report
India's central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.
-
Should Existing Kotak Mahindra Bank Customers Be Worried Over RBI Curbs?
Kotak Mahindra Bank must immediately stop onboarding new customers through its online and mobile banking channels and issuing new credit cards, the Reserve Bank of India said as it flagged "serious deficiencies and non-compliances".
-
RBI Curbs On Kotak Mahindra Bank: No New Online Customers, Credit Cards
Citing data security concerns, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can, however, continue to serve its customers
-
Google Pay, PhonePe Gain Customers After RBI's Curbs On Paytm
Google and Walmart Inc. are rapidly gaining customers from India's Paytm, the fintech pioneer struggling to navigate central bank restrictions and the potential shutdown of a key payments affiliate.
-
RBI Not Planning Harsher Rules to Curb Fintech Sector After Paytm Strictures, Official Says
The Reserve Bank of India does not plan to impose drastic measures on India's fintech sector after the recent action against Paytm Payments Bank, according to P Vasudevan, an executive director in charge of enforcement at the central bank. Paytm has been in the crosshairs of the regulator for some time, with multiple warnings over the past two year...
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Paytm CEO Vijay Shekhar Sharma Said to Be in Talks With RBI Over Regulatory Concerns
Paytm Chief Executive Vijay Shekhar Sharma met the Indian central bank on Monday to discuss plans to address regulatory concerns, two sources with direct knowledge of the talks said on Tuesday, days after the regulator imposed curbs on its banking affiliate.
-
1,000 Accounts, 1 PAN: How Paytm Payments Bank Came Under RBI's Radar
Hundreds of accounts created on Paytm Payments Bank without proper identification were one of the major reasons for the Reserve Bank of India to impose stringent curbs on the company.
-
"Your Money Is Safe": Paytm Payments Bank To Customers After RBI Curbs
The Paytm Payments Bank on Friday assured its customers that their "money is safe" with the company, two days after the Reserve Bank of India (RBI) issued a directive restricting it from accepting new deposits or allowing credit transactions.
-
After RBI Clampdown, Paytm Shares Important Updates For Its Users
Following RBI restrictions on its mobile wallet, Paytm addressed user concerns through an FAQ.
-
''Can't Believe...'': Capitalmind CEO After RBI's ''Over The Top'' Curbs On Paytm Payments Bank
Reacting to the development, Capitalmind CEO Deepak Shenoy called the central bank's action "uncharacteristically over the top".
-
"RBI Doesn't Want...": Ashneer Grover After Curbs Imposed On Paytm Payments Bank
After the Reserve Bank of India (RBI) imposed restrictions on Paytm Payments Bank, BharatPe co-founder Ashneer Grover said that the central bank's move was against the interest of fintech firms.
-
Curbs On Paytm Payments Bank Services: What Happens To Your Money Now
In a major blow to Paytm Payments Bank Limited, an associate of Paytm, the RBI on Wednesday ordered the lender to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other prepaid instruments.
-
"Will Help Curb Black Money": Ex RBI Official On Rs 2,000 Notes Withdrawal
Former Reserve Bank Deputy Governor R Gandhi on Friday said withdrawal of the Rs 2,000 bank notes will help in curbing black money to a "great extent" because people are hoarding the high value currency.
-
India Must Gear Up To Curb Volatility Risks Of International Rupee: RBI Deputy Governor
"It is now widely accepted that while internationalisation and a freer capital account comes with its own set of benefits, it is not without risks," M. Rajeshwar Rao said.
-
High Interest Rates Will Help Curb Inflation: RBI Member Ashima Goyal
RBI Monetary Policy Committee (MPC) member Ashima Goyal on Wednesday said that the efforts of the Reserve Bank to contain price rise by repeatedly increasing interest rates will help in containing inflation, which is likely to fall below 6 per cent next year.
