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The think-tank's report discusses why India needs digital banks and the roadmap for a digital bank licensing and regulatory framework.
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The think-tank's report discusses why India needs digital banks and the roadmap for a digital bank licensing and regulatory framework.
These guidelines will apply to all Domestic Scheduled Commercial Banks.
Last month, RBI directed Paytm Payments Bank to stop onboarding new customers with immediate effect.
This comes a few months after RBI imposed a penalty of Rs 1 crore on Paytm.
The finance minister also indicated the government's stance on digital banking and IP-related concerns.
The central bank also mentions familiar ways in which scammers trick victims to access their confidential details.
The proposed flat tax on crypto may be the talk of the town, but there's more to the government's budget plans around tech.
Recently, the central bank saw a spike in complaints about frauds being perpetrated under the guise of updating KYC.
Over the last year, Kotak Mahindra Bank consciously scaled down its unsecured lending portfolio and instead focused on driving growth in other lending segments....
Yes Bank has laid out a technology driven strategy to grow its retail and small-medium-enterprise lending business over the coming two years. The bank...
