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The central bank also clarified that the data can only be shared with the foreign regulators after its approval.

Data related to payments to be stored only in India

RBI says data processed abroad to be brought in 24 hours & deleted.

27 Jun 2019 1:35 AM IST

Electronic payments has given us a new way to pay, but it must not replace cash payments. (Photo: Pixabay)

Data related to payments to be stored only in India: RBI

In case payment processing is done abroad, data should be deleted there and brought back to India within 24 hours, said...

26 Jun 2019 6:47 PM IST

The Committee also recommended doubling the limit for collateral-free lending to Rs 20 lakh for lending to MSMEs and self-help groups.

Panel for Rs 5,000 crore stressed asset fund for MSMEs

Speaking about FoF, the panel said such a fund will support crowd funding from venture capital and private equity firms...

26 Jun 2019 3:30 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

City stands 2nd in ATM frauds after Maharashtra: RBI

RBI has also issued guidelines for preventing bank frauds and suitably protecting the interest of customers.

25 Jun 2019 7:07 AM IST

RBI Deputy Governor Viral Acharya

After Viral Acharya's exit, MPC may turn less hawkish

Acharya's departure will remove from the Monetary Policy Committee its most articulate hawk.

25 Jun 2019 3:54 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI panel defers reserves report for fourth time

The panel will submit the report after the federal budget in July, the official said.

24 Jun 2019 1:22 PM IST

Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

RBI deputy governor Viral Acharya resigns citing personal...

Viral Acharya would return to a teaching position at Stern School of Business, as per a news report.

24 Jun 2019 9:13 AM IST

Discussing with banks to provide foreign currency loans to exporters:...

Government is taking steps to boost growth of economy with an aim to take it to USD 5 trillion in next 5 years, said...

21 Jun 2019 8:14 PM IST

Economic Affairs Secretary Shaktikanta Das

FM reviews state of economy at FSDC meet

The FSDC is the apex body of sectoral regulators, headed by the finance minister.

19 Jun 2019 7:15 PM IST

Reserve Bank of India (RBI)

RBI to review data storage rules for payment firms: Government

All the companies who were represented in this meeting put forth their concerns related to RBI data storage...

18 Jun 2019 12:36 PM IST

Indian services sector activity returned to its growth track in March, driven by greater inflows of new work.

India's services exports up 2.8 pc to USD 18.06 bn in April

The services sector receipt or exports during April 2018 stood at USD 17.56 billion.

14 Jun 2019 7:26 PM IST

Reserve Bank of India (RBI)

After RBI's repo cut, IDBI slashes rate

IDBI Bank said that it has reduced its one-year MCLR or the minimum lending rate by 5 basis points to 8.95 per cent.

13 Jun 2019 1:09 AM IST