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Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Technology
RBI lays out rules to make mobile wallet payments seamless

Digital wallet companies, if they so desire, can now use a state-backed payments network.

17 Oct 2018 7:24 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
RBI sticks to October 15 deadline for data localisation in public...

The central bank in April gave six months time to global payment companies to store transaction data of Indian customers...

14 Oct 2018 1:05 PM IST

Union Minister Arun Jaitley said that Congress had no real issue and was hence resorting to manufacturing. (Photo: File)Business
WhatsApp ready with system to comply with RBI's norms

In April, the Reserve Bank of India (RBI) came out with a circular regarding data localisation policy for payment system...

10 Oct 2018 12:35 AM IST

Youngsters are using WhatsApp to consume news. (Photo: Pixabay)Business
WhatsApp sets up system to store payments data locally as per RBI norm

RBI had given time till October 15 to comply with the mandate.

9 Oct 2018 12:38 PM IST

Shares of Federal Bank on Tuesday surged over 19 per cent after the company registered a 25 per cent increase in its net profit for first quarter of the current fiscal.Business
Federal Bank gets RBI nod to sell 45 pc stake in NBFC arm to True...

The lender said that Reserve Bank earlier last week gave approval for the proposed transactions.

8 Oct 2018 4:36 PM IST

Finance Minister Arun Jaitley clarified confusions posed due to allegations on the Rafale aircraft deal saying the government has maintained complete transparency in the matter and the negotiations have helped bring down the costs of the fighter jets. (Photo: ANI)Business
Arun Jaitley meets RBI DG, IT Secretary for data localisation

The meeting was also attended by Subhash Chandra Garg, Rajiv Kumar and Ajay Prakash Sawhney.

8 Oct 2018 4:17 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
Non-banking financial companies slip as RBI plans to strengthen norms

Dewan Housing Finance Corporation Ltd's stock fell as much as 12.3 per cent.

8 Oct 2018 2:41 PM IST

The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year.Business
RBI extends curbs on Shree Ganesh Sahakari Bank by 3 months

As per the extension, the cooperative lender will be under "directions" till December 29, 2018, it said.

4 Oct 2018 12:04 PM IST

The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year.Business
RBI allows oil marketing firms to raise USD 10 billion from overseas

OMCs will now be able to raise external commercial borrowing for working capital purposes.

3 Oct 2018 7:44 PM IST

Shares of Federal Bank on Tuesday surged over 19 per cent after the company registered a 25 per cent increase in its net profit for first quarter of the current fiscal.Business
Federal Bank fined Rs 5 crore for non-compliance of RBI norms

The lender was found to have not complied with RBI directions on reporting of data on CRILC.

3 Oct 2018 7:24 PM IST

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)Business
HDFC Bank raises retail lending rate by 10 basis points

Punjab National Bank had increased its benchmark lending rates or MCLR for short-term loans by up to 0.2 per cent.

1 Oct 2018 4:41 PM IST

Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.Business
Fully geared up for succession plan, says Yes Bank

The RBI had last month curtailed the three-year term that Yes Bank's board had sought for its MD and CEO Rana Kapoor.

1 Oct 2018 1:23 PM IST

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