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RBI Is Using AI For Real-Time Data Analysis, Says Governor Shaktikanta Das
The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics in multiple areas in order to develop cutting-edge systems for high frequency and real-time data monitoring and analysis, RBI Governor said today.
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RBI Unlikely to Extend Card Tokenisation Deadline Despite Payment Failures, Revenue Losses, Bankers Say
The Reserve Bank of India (RBI) is unlikely to extend the deadline for businesses to use card tokenisation, a layer of security for credit card data, according to bankers and merchants. Smaller merchants have demanded a delayed deadline, but the RBI has not provided any indication that it would extend the compliance date. The central bank first int...
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RBI Restricts American Express, Diners Club From Enrolling New Customers From May 1
The two companies have been found guilty of not complying with RBI's directions on 'Storage of Payment System Data', according to the RBI.
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Government Pushes Lending, Asks Banks For Data On New Loans: Report
The push comes after a recent 75 basis point rate cut by the Reserve Bank of India (RBI), and at a time when the banking system is flush with liquidity.
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India's Payment Apps Race To Catch Up With China In Squeezing Out Cash
In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.
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Air India's Ticketing Migration To Travelport Challenged In High Court
A Public Interest Litigation (PIL) has been filed in Bombay High Court, challenging Air India's move to migrate its complete reservation system data to Travelport platform.
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As RBI Deadline On Financial Data Storage Nears, US Firms Approach Trump
The Reserve Bank of India or RBI, in a circular in April, said all system providers will have to ensure that the entire data relating to payment systems operated by them are stored in a system only in India. It gave time till October 15 to comply with the mandate.
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RBI Tells Payment System Players To Store Data In India
Payment system operators will be given six months to comply with the directive, RBI Deputy Governor B.P. Kanungo said at a media briefing
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No Respite For Indian Banks As Bad Loans Hit Record $146 Billion
A review of Reserve Bank of India (RBI) data obtained through right-to-information requests shows banks' total stressed loans - including non-performing and restructured or rolled over loans - rose 4.5 per cent in the six months to end-June.
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Did Demonetisation Help? Digital Payments Back To Pre-Notes Ban Levels
As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.
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RBI forms panel to improve data collection, eases investment rules
The Reserve Bank of India (RBI) has formed a committee under Executive Director Deepak Mohanty to review the current system of data collection and the feasibility of data production within the apex bank to reduce the burden on reporting entities.
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Wall Street drops, weighed by Wal-Mart, Cisco
US stocks fell on Thursday, as investors weighed disappointing results from blue chips Wal-Mart and Cisco, along with sturdy economic data that looked set to place the Federal Reserve on a path soon toward scaling back its stimulus.
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US jobs data points to resilience in economy
US employers stepped up hiring in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back the amount of cash it is pumping into the banking system later this year.
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Wall Street edges lower on caution ahead of jobs data
Wall Street was flat to lower on Thursday as investors turned cautious a day ahead of the closely watched US jobs report.
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Wall Street drops again, data raises growth concerns
U.S. stocks fell on Thursday and were on track for their biggest two-day decline since November as weak data suggested expectations for economic growth were overly optimistic.
-
RBI Is Using AI For Real-Time Data Analysis, Says Governor Shaktikanta Das
The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics in multiple areas in order to develop cutting-edge systems for high frequency and real-time data monitoring and analysis, RBI Governor said today.
-
RBI Unlikely to Extend Card Tokenisation Deadline Despite Payment Failures, Revenue Losses, Bankers Say
The Reserve Bank of India (RBI) is unlikely to extend the deadline for businesses to use card tokenisation, a layer of security for credit card data, according to bankers and merchants. Smaller merchants have demanded a delayed deadline, but the RBI has not provided any indication that it would extend the compliance date. The central bank first int...
-
RBI Restricts American Express, Diners Club From Enrolling New Customers From May 1
The two companies have been found guilty of not complying with RBI's directions on 'Storage of Payment System Data', according to the RBI.
-
Government Pushes Lending, Asks Banks For Data On New Loans: Report
The push comes after a recent 75 basis point rate cut by the Reserve Bank of India (RBI), and at a time when the banking system is flush with liquidity.
-
India's Payment Apps Race To Catch Up With China In Squeezing Out Cash
In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.
-
Air India's Ticketing Migration To Travelport Challenged In High Court
A Public Interest Litigation (PIL) has been filed in Bombay High Court, challenging Air India's move to migrate its complete reservation system data to Travelport platform.
-
As RBI Deadline On Financial Data Storage Nears, US Firms Approach Trump
The Reserve Bank of India or RBI, in a circular in April, said all system providers will have to ensure that the entire data relating to payment systems operated by them are stored in a system only in India. It gave time till October 15 to comply with the mandate.
-
RBI Tells Payment System Players To Store Data In India
Payment system operators will be given six months to comply with the directive, RBI Deputy Governor B.P. Kanungo said at a media briefing
-
No Respite For Indian Banks As Bad Loans Hit Record $146 Billion
A review of Reserve Bank of India (RBI) data obtained through right-to-information requests shows banks' total stressed loans - including non-performing and restructured or rolled over loans - rose 4.5 per cent in the six months to end-June.
-
Did Demonetisation Help? Digital Payments Back To Pre-Notes Ban Levels
As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.
-
RBI forms panel to improve data collection, eases investment rules
The Reserve Bank of India (RBI) has formed a committee under Executive Director Deepak Mohanty to review the current system of data collection and the feasibility of data production within the apex bank to reduce the burden on reporting entities.
-
Wall Street drops, weighed by Wal-Mart, Cisco
US stocks fell on Thursday, as investors weighed disappointing results from blue chips Wal-Mart and Cisco, along with sturdy economic data that looked set to place the Federal Reserve on a path soon toward scaling back its stimulus.
-
US jobs data points to resilience in economy
US employers stepped up hiring in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back the amount of cash it is pumping into the banking system later this year.
-
Wall Street edges lower on caution ahead of jobs data
Wall Street was flat to lower on Thursday as investors turned cautious a day ahead of the closely watched US jobs report.
-
Wall Street drops again, data raises growth concerns
U.S. stocks fell on Thursday and were on track for their biggest two-day decline since November as weak data suggested expectations for economic growth were overly optimistic.
