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RBI: RBI has a warning on these ads on Facebook, Instagram and other social media platforms

by Ev Richard
RBI: RBI has a warning on these ads on Facebook, Instagram and other social media platforms

The Reserve Bank of India (RBI) has an important warning for the public. The country’s apex bank RBI has cautioned the public not to fall prey to misleading advertisements related …

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Categories Technology

UPI: No OTP authentication required for these UPI auto payments up to Rs 1 lakh

by Ev Richard
UPI: No OTP authentication required for these UPI auto payments up to Rs 1 lakh

The Reserve Bank of India (RBI) has proposed to increase the limits for UPIauto payments for certain transactions without requiring additional verification, like one-time passwords (OTP). This means users won’t …

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Categories Technology

Rbi: RBI returns Instamojo’s payment aggregator licence application

by Ev Richard
Rbi: RBI returns Instamojo’s payment aggregator licence application

Update: The story has been updated with Instamojo‘s commentsThe Reserve Bank of India (RBI) has reportedly returned Instamojo’s application for a payment aggregator (PA) licence. According to a report in …

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Categories Technology

Banking: India’s second-largest public sector bank faces app troubles

by Ev Richard
Banking: India’s second-largest public sector bank faces app troubles

India’s second-largest public sector bank — Bank of Baroda — is facing app troubles. The country’s apex bank RBI has directed Bank of Baroda not to add customers to its …

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Categories Technology

Tokenisation: RBI proposes card-on-file tokenisation for debit and credit cards: What this means for online shoppers

by Ev Richard
Tokenisation: RBI proposes card-on-file tokenisation for debit and credit cards: What this means for online shoppers

The Reserve Bank of India (RBI) governor Shaktikanta Das recently proposed the introduction of card-on-file tokenisation (CoFT) facility at the issuer-bank level. He cited the growing acceptance and benefits of …

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Categories Technology

International Transaction: Shopping on international website and debit/credit card transaction failed: Here are the most common reasons why

by Ev Richard
International Transaction: Shopping on international website and debit/credit card transaction failed: Here are the most common reasons why

There are times when we want to shop from international websites. The reasons may vary, from the range to the price of what we plan/want to buy. However, these international …

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Categories Technology

Upi: UPI Lite X for offline payments: What it means for users

by Ev Richard
Upi: UPI Lite X for offline payments: What it means for users

Unified Payment Interface (UPI) has become one of the most popular ways for transactions in India. To improve convenience in payments, the governor of the Reserve Bank of India (RBI) …

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Categories Technology

India in Reserve Bank’s name should be replaced with Bharat: Himanta Biswa Sarma | India News

by Adrian Jhonsan
India in Reserve Bank’s name should be replaced with Bharat: Himanta Biswa Sarma | India News

GUWAHATI: Pitching for the name ‘Bharat’ once again, Assam chief minister Himanta Biswa Sarma on Wednesday maintained that institutions like the Reserve Bank of India should be renamed.He claimed that …

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Categories World

Electric Vehicle: EV infrastructure may be included under priority sector lending

by Adesola Mojo
Electric Vehicle: EV infrastructure may be included under priority sector lending

(This story originally appeared in on Aug 27, 2023) The government is looking at including electric vehicle (EV) infrastructure within the priority sector lending category, a senior official said Saturday, …

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Categories Automobile

Finance: Expecting a robust tax surplus, Centre anticipates additional funds for spending

by Craig Fedirighi
Finance: Expecting a robust tax surplus, Centre anticipates additional funds for spending

NEW DELHI: The Centre is relying on the strong tax collections seen in the beginning of the year to meet its budget target, just like last year. This will provide …

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Categories Business
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