News RBI imposes a ₹1 crore penalty on Paytm Payments Bank for providing false information Paytm was fined under India's primary law for payments which arguably needs to be reassessed, according to a report. Sarvesh MathiOctober 21, 2021
News Summary: Framework for India’s new retail payments law proposed in report Vidhi Centre for Legal Policy suggests a new retail payments law that keeps up with the changing payments landscape in India. MitakshOctober 21, 2021
News Wary of Big Tech, RBI pushes for regulations that are focused on fintech entities 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. Aihik SurOctober 1, 2021
News HDFC is coming back for its lost market share in credit cards Despite the 8 month embargo by India's central bank, HDFC remains the country's largest credit card issuer. Sarvesh MathiSeptember 30, 2021
News Yes Bank starts issuing cards on Visa network after RBI’s Mastercard ban Mastercard's non-compliance with data localisation norms laid down by the RBI had left Yes Bank with little choice. Sarvesh MathiSeptember 21, 2021
News Leaked emails reveal US government irked by RBI for its ban on Mastercard: Report The ban on Mastercard was imposed due to its non-compliance with the latest RBI guidelines despite several extensions. MitakshSeptember 20, 2021
News Fund transfers between India and Singapore could get easier after these two payment systems are linked RBI and MAS look to cut out the middle man in cross-border transactions by linking their payment systems. Aihik SurSeptember 15, 2021
News RBI will allow companies in MSME lending to live test regulations The first two cohorts under the RBI's sandbox pertained to regulations on other issues like retail payments. MitakshSeptember 14, 2021
News RBI warns citizens about KYC frauds and suggests ways to protect against them Recently, the central bank saw a spike in complaints about frauds being perpetrated under the guise of updating KYC. MitakshSeptember 13, 2021
News RBI allows card on file tokenization in relief to e-commerce companies The RBI's new rule saves people from the potential hassle of typing in 16-digit card numbers for online payments. Aroon DeepSeptember 8, 2021