RBI issues tokenization enhancements enabling cardholder to benefit from tokenized transactions; no entity on the card transaction other than card issuers shall store the card data by Lexplosion | Sep 15, 2021 | Central, NBFC, NBFCsYou need to be logged in to view this content. Please Log In. Not a Member? Join... Read More
RBI issues advisory for banks and other RBI-regulated entities to prepare for transition away from London Interbank Offered Rate as benchmark for financial contracts; suggests use of Alternative Reference Rate instead by 31st December by Lexplosion | Jul 30, 2021 | Central, NBFCsYou need to be logged in to view this content. Please Log In. Not a Member? Join... Read More
RBI permits banks to open specific accounts under various statutes and instructions of other regulators / regulatory departments; issues list of accounts permitted along with FAQs by Lexplosion | Dec 19, 2020 | Central, Financial Services, OPSThe Reserve Bank of India (“RBI”) by a Circular dated 14th December, 2020 has permitted banks to... Read More
RBI issues Draft Framework for authorisation of a pan-India New Umbrella Entity for Retail Payment Systems; invites comments by 25.02.2020 by comtideging1971 | Feb 14, 2020 | CORP, Financial Services, statesIn a Press Release dated 10th February, 2020 the Reserve Bank of India (“RBI”) has issued... Read More
RBI updates Master Direction on Issuance and Operation of Prepaid Payment Instruments; includes credit card as a mode for prepaid payment instruments and prepaid gift instruments effective since 16th January, 2020 by comtideging1971 | Jan 21, 2020 | Banking, CORP, statesThe Reserve Bank of India (“RBI”), through a notification dated 16th January, 2020, has updated... Read More
