Banks are on standby! The Reserve Bank of India (RBI) has warned banks across the country to be vigilant against possible cyberattacks following credible intelligence reports. Banks have been ordered to monitor their systems around the clock to detect threats. In an advisory issued on June 24, the RBI said: “Given the credible threat intelligence … Read more
Reserve Bank of India (RBI) along with NPCI International Payments Ltd. (NIPL) is working to launch UPI in 20 countries by fiscal year 2029. The possibility of expanding the global footprint of UPI and RuPay is being considered, the RBI’s annual report said. Keeping in mind the goals of Vikshit Bharat 2047, the Reserve Bank … Read more
The Reserve Bank of India (RBI) has put in place a comprehensive framework for strengthening the grievance redress mechanism in banks. The framework comprises enhanced disclosures on complaints to be made by the banks; recovery of the cost of redress of maintainable complaints from the banks against whom the number of complaints received in the … Read more