The Reserve Bank of India on Friday clarified issued a clarification saying that the views expressed in its recent article, ‘Privatisation of Public Sector Banks: An Alternate Perspective’, do not represent the views of the central bank and are of the authors. The article appeared in the monthly bulletin arguing against a big bang approach to public sector banks privatisation. …
The Reserve Bank of India on Wednesday issued the first set of guidelines for digital lending, to crack down on illegal activities by certain players. Stating that digital lending channels had become prominent recently, the RBI said certain concerns had also emerged which, “if not mitigated, may erode the confidence of members of the public in the digital lending ecosystem.” …
Highlights RBI on Wednesday came up with norms for facilitating physical import of gold through IIBX RBI issued guidelines in order to enable resident Qualified Jewellers to import gold through IIBX Gold imports dipped by about 72 per cent to USD 1.72 billion during April The Reserve Bank of India on Wednesday came up with norms for facilitating physical import …
RBI brings 5-pillared approach to deal with cybersecurity issues in UCBs The technology vision document, which was formalised after obtaining inputs from various stakeholders, is aimed at enhancing the cybersecurity posture of UCBs Premium Use of information technology by banks has grown rapidly and is now an important part of the operational strategy of banks. Press Trust of India New …
