POLICY

Narayan Ramamoorthy, CRO, Global PayEX outlines his views on this year’s budget. He said, “The budget is focused on growth. ”  “From lending perspective, the setup of the ARC and the AMC, as re-construction and asset management companies for stressed assets will unleash capital for SMEs and MSMEs. GST collection …

Clarity has been provided by India’s central bank over the legal status of banks servicing digital currency related entities in the nation. According to a report, The RBI has addressed the current ban on banks servicing the sector in a statement and noted that “no such prohibition exists”. The RBI …

Mumbai: The RBI on Monday release the minutes of its central board meeting held on 11th October to the public, as a part of its vision to lift the veil of secrecy shrouding its operations. It has been for the first time that the RBI has disclosed the proceedings of …

Yet, as digital payments continue to grow, the Accenture report indicates local banks can tap into US$32 billion opportunity in new payments revenue if they adopt innovative business models   As much as 14% of Indian banks’ payments revenue, or $9 billion, is likely to be displaced by the growth of …

Fintech lenders in the market witnesses a  rise in the past two years. Coming in terms with the potential held by these lenders in taking forward inclusion of finance and credit penetration, and eventually developing policies that benefits the sector has to be the principle focus for the government. Fintech …

Supreme Court has refused to extend a grace period allowing cryptocurrency entities to keep banking services beyond this week’s deadline set by the central bank. EXCHANGES GO P2P According to various media outlets, the Reserve Bank of India (RBI) will now succeed in implementing its ban on cryptocurrency business support …