RBI Deputy Governor T Rabi Sankar announced that the Unified Lending Interface (ULI) has facilitated over 1.4 million loan ...

India's fintech sector - riding on explosive growth with 13,500 companies – has an adoption rate of 87%, which far surpasses ...

A money laundering scheme is uncovered. Some business correspondents are exploiting banking loopholes. They misuse payment ...

The Financial Intelligence Unit of India (FIU-Ind) has flagged suspicious crypto transactions for terror financing, fuelling ...

"In light of this, we may propose this as a suggestion for further consideration by the RBI, " the report stated. Mule accounts -- those used by cybercriminals to move stolen or illegal money -- are ...

RBI has issued fresh guidelines for banks regarding the opening and operation of deposit accounts by minors. The revised guidelines are aimed at harmonising existing regulations to ensure greater ...

REUTERS/Francis Mascarenhas//File Photo/File Photo(REUTERS) The RBI issued revised directives on opening deposit accounts and operating them in the case of a minor, in a circular addressed to ...

(Bloomberg) India's central bank, the Reserve Bank of India (RBI), announced on Monday, April 21, that minors above the age of 10 will be able to open and operate independent bank accounts ...

The Reserve Bank of India (RBI) has updated guidelines for minors' deposit accounts, allowing those aged 10 and above to independently operate savings and term deposits, subject to bank policies.