Tag: RBI

India to add AI-powered conversational payments to UPI 

The Reserve Bank of India has set out plans for the development of AI-powered "conversational" payments on the country's UPI system. 

Kiwi secures $6m pre-seed funding to revolutionise credit card industry

Kiwi, a cutting-edge credit card platform, has successfully raised $6m in pre-seed funding. The funding round was led by Nexus Venture Partners and Stellaris...

India’s RBI launches framework for green deposit acceptance

The RBI has issued guidelines for acceptance of green deposits for banks and NBFCs where the funds can be used for green projects.

SESAMm bags $37m to bolster the growth of its NLP technology

SESAMm, which develops natural language processing (NLP) technology for global investment firms, has raised $37m for its Series B2 funding round.

Singapore and India unveil real-time payments linkage

Singapore and India have officially launched the linkage between the former’s PayNow solution and the latter’s Unified Payments Interface.

RBI unveils new guidelines on digital lending

The Reserve Bank of India (RBI) has revealed its new guidelines on the digital lending process in a move to protect borrowers.

RBI stiffens digital lending norms to prevent excessive rates

The Reserve Bank of India (RBI) has tightened norms for digital lending to prevent the charging on excessive rates and also check unethical loan recovery practices.

RBI panel recommends new regulatory framework for cooperative banks

A Reserve Bank of India (RBI) panel has proposed a new four-tier structure for regulating and improving urban cooperative banks (UCBs).

RBI publishes consultation on overseas investment liberalisation

The Reserve Bank of India (RBI) has introduced two consultation papers with an aim of liberalising the county’s overseas investment regulatory stance.

Reserve bank of India pushes back KYC deadline, again

The Reserve bank of India (RBI) has reportedly extended the deadline for prepaid payment instruments (PPIs) to be compliant with KYC rules.

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