Bank to Launch Unified Lending Interface soon RBI Governor Shaktikanta Das announced on Monday that the Unified Lending Interface (ULI), designed to enable frictionless credit, will soon be introduced. This initiative follows the pilot project for…
In a significant move towards boosting digital transactions, leading payment platforms Google Pay, Walmart-backed PhonePe, and Amazon Pay are among five companies seeking to join the Reserve Bank of India’s (RBI) digital currency trial. Indian…
According to a report released by the Reserve Bank of India (RBI), there is a global economic slowdown, with resilient economies experiencing a deceleration in growth. However, India has defied this trend, registering a six-quarter…
The Reserve Bank of India (RBI) has directed IIFL Finance Ltd. to cease and desist from sanctioning or disbursing gold loans, as well as from assigning, securitising, or selling any of its gold loans, under…
State Bank of India (SBI) is currently engaged in discussions with the Reserve Bank of India (RBI) to reduce the cash reserve ratio (CRR) requirement on green deposits, according to SBI Chairman Dinesh Khara. Last…
In the wake of the Paytm crisis, the Reserve Bank of India (RBI) has authorized Juspay, Zoho, and Decentro to operate as payment aggregators, serving as intermediaries for ecommerce transactions between customers and merchants. This…