RBI
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Priyanka Tanwer May 20 2022 - 2 min readThe Reserve Bank of India (RBI) has asked banks to provide their customers with interoperable card-less cash (ICCW) withdrawal at all banks and ATMs using the Unified Payments Interface (UPI) facility. “All banks, ATM networks and White Label ATM Operators (WLAOs) may provide the option of ICCW at their ATMs. NPCI has been advised to ...
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Opportunity India Desk May 18 2022 - 3 min readThe Reserve Bank of India (RBI) has rejected applications for ‘on-tap-bank’ licences of six companies including one operated by Flipkart Co-Founder Sachin Bansal. Four of these six companies had applied for Universal Banks and two for Small Finance Banks. The applications of companies that have been rejected by the RBI include UAE Exchange and Financial ...
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Opportunity India Desk May 16 2022 - 3 min readThe data from Ministry of Statistics and Programme Implementation recently showed that retail inflation in India surged to 7.79 per cent on an annual basis in the month of April owing to higher edible oil and fuel prices. According to this data, inflation is at the highest level since 8.33 per cent hit in May ...
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Kunal Jagdale Apr 07 2022 - 3 min readOur Finance Minister Nirmala Sitharaman has made CBDC as a household term as it has been the latest buzzword for many of us wondering what it is and how it will work? For those, who are unaware of the crypto or blockchain world, the fad CBDC is Central Bank Digital Currency, which is a government ...
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Opportunity India Desk Feb 21 2022 - 5 min readReserve Bank of India has been annually organising the Financial Literacy Week throughout the Nation from February 14 till 18 of the same month since 2016. The theme for this year is “Go Digital, Go Secure” which aligns with one of the strategic objectives of the National Strategy for Financial Education 2020-2025. The Honourable Governor ...