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In a speech, the deputy governor laid out risks posed by Big Tech and referred to some of the RBI's reforms that faced pushback.
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In a speech, the deputy governor laid out risks posed by Big Tech and referred to some of the RBI's reforms that faced pushback.
Despite the 8 month embargo by India's central bank, HDFC remains the country's largest credit card issuer.
Mastercard's non-compliance with data localisation norms laid down by the RBI had left Yes Bank with little choice.
The ban on Mastercard was imposed due to its non-compliance with the latest RBI guidelines despite several extensions.
RBI and MAS look to cut out the middle man in cross-border transactions by linking their payment systems.
The first two cohorts under the RBI's sandbox pertained to regulations on other issues like retail payments.
Recently, the central bank saw a spike in complaints about frauds being perpetrated under the guise of updating KYC.
The RBI's new rule saves people from the potential hassle of typing in 16-digit card numbers for online payments.
The new feature might be an unintended consequence of the government's push for homegrown payment channels.
By setting up a five-member panel, the RBI may be moving ahead with its NUE programme after all.
