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Results for "Reserve Bank of India (RBI)"

28 stories found

RBI Proposes 1-Hour Pause for High-Value UPI Payments
Technologyndtv19d ago

RBI Proposes 1-Hour Pause for High-Value UPI Payments

The Reserve Bank of India (RBI) has proposed a one-hour pause for high-value UPI payments, aiming to enhance security and reliability for users. While users may need time to adjust, industry leaders believe the time gap will make transactions safer.

RBI Proposes 'Kill Switch' Feature for Digital Payments
Technologyindian-express24d ago

RBI Proposes 'Kill Switch' Feature for Digital Payments

The Reserve Bank of India (RBI) has put forward a proposal for a 'Kill Switch' mechanism aimed at enhancing the security of digital payment transactions. This feature would allow users to quickly disable their payment options in case of fraud or compromise.

RBI Cancels Paytm Payments Bank's Operating Licence
FinanceReutersTimes of Indiaindian-express+1ndtv12d ago4 sources

RBI Cancels Paytm Payments Bank's Operating Licence

India's central bank, the Reserve Bank of India (RBI), has revoked the banking licence of Paytm Payments Bank. This decision effectively cancels the bank's ability to operate.

Indian Rupee Climbs After RBI Steps to Curb Forex Bets
FinanceTimes of Indiaindian-express1mo ago2 sources

Indian Rupee Climbs After RBI Steps to Curb Forex Bets

The Indian rupee rebounded strongly, gaining 151 paise to 93.19 against the US dollar after the Reserve Bank of India (RBI) capped banks' net open positions, reinforcing its efforts to stabilize the currency.