Digital rupee gets big usability boost through Yes Bank integration with UPI Sep 01, 2023 by Derek Andersen The Yes Bank app’s UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch in December. 17877 News RBI lists risks...
RBI CIRCULARS RBI Circular dated April 29, 2011 on "RBI Circular: Working Group on Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds- Implementation of recommendations" https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6366&Mode=0 Guideline Reference (Ref ...
The customer's limit should be the combined digital channels limit, up to which the customer can use TD's overdraft facility or shut their TD. Using all digital channels, TD cannot be closed, withdrawn, or used for loans above the customer-specified limit due to the Safety Ring. Monthly M...
Topic: Banking System 8. Bengaluru has topped in digital payment transactions in 2022. Bengaluru with 29 million transactions worth USD 65 billion emerged on top in digital payment transactions. New Delhi with 19.6 million transactions worth USD 50 billion and Mumbai with 18.7 million transactions wo...
Now it is proposed to issue Reserve Bank of India (Digital Payment Security Controls) Directions, 2020 for regulated entities to set up a robust governance structure for such systems and implement common minimum standards of security controls for channels like internet, mobile banking, card paym...
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RBI CIRCULARS RBI Circular dated April 29, 2011 on "RBI Circular: Working Group on Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds- Implementation of recommendations" https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6366&Mode=0 Guideline Reference (Ref ...
Topic: Banking System 1. Max Life Insurance Company and Capital Small Finance Bank (SFB) have entered into a partnership. Through the partnership, savings, protection, retirement, and group life insurance plans will be offered to customers of Max Life and Capital SFB. ...
The bank is not complying with various sections of the Banking Regulation Act, 1949. RBI has prohibited it from conducting business, which also includes acceptance of deposits and repayment of deposits. The Uttar Pradesh Commissioner for Cooperation and Registrar of Cooperative Societies has also been...
RBI CIRCULARS RBI Circular dated April 29, 2011 on "RBI Circular: Working Group on Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds- Implementation of recommendations" https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6366&Mode=0 Guideline Reference (Ref ...