The Reserve Bank of India has increased the daily transaction cap via mobile banking to Rs 50,000 per customer for both funds transfer and transactions involving purchase of goods and services, ... Continue_Reading

The Reserve Bank of India, after attempting to increase the reach of the banking ecosystem by allowing PCOs and grocery shops to offer banking services, has now framed new directions ... Continue_Reading

In what is a fairly significant move, one clearly aimed at bringing more and more people into the banking system, the Reserve Bank of India has allowed banks to appoint ... Continue_Reading

In its recently released report on ‘Payment Systems in India – Vision 2009-12‘, the Reserve Bank of India has discussed initiatives it has taken and what it plans to ... Continue_Reading

The Reserve Bank of India issued a new set of guidelines for Mobile Banking in India. Some of the changes are welcome, but we believe more are in order: 1. Larger ... Continue_Reading

The RBI has issued a new set of operative guidelines for Mobile Banking in India, with changes based on comments from stakeholders. A couple of things significant in this set ... Continue_Reading