RBI punishes American Express for violating Data Localisation Guidelines
RBI has restricted American Express and Diners club from onboarding new customers. With these restriction from the RBI, American Express and Diners
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Reserve Bank of India
SBI enables video based KYC on YONO app for opening account
Customers looking to open a savings bank account with the State Bank of India need not visit a bank branch
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Data Protection Laws should precede Open Banking Frameworks: RBI
Shri M. Rajeshwar Rao, Deputy Governor of the Reserve Bank of India (RBI), remarked that data protection and privacy laws
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Six consortia apply for a New Umbrella Entity license
Leading banks, fintech, and India Inc companies are banding together to apply for the retail payments new umbrella entity license.
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RBI releases Master Direction on Digital Payment Security Controls
RBI has released the Master Direction on Digital Payment Security Controls- focusing on the governance structure of the digital payments
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