Reserve Bank of India (RBI) - News and Updates

[Bapun]

A committee set up by the central bank in January has suggested reining in digital loan apps through a mix of regulations, including setting up of a nodal agency to verify their credentials and legislative measures to prevent “illegal lending".

RBI committee suggests reining in digital loan apps

The thrust of the report is on enhancing customer protection and making the digital lending ecosystem safe while encouraging innovation

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[Bapun]

The paper will seek feedback on issues of convenience fee, surcharging, and the measures required to make digital transactions affordable to users.

RBI to release discussion paper on charges in payment systems

The paper will seek feedback on issues of convenience fee, surcharging, and the measures required to make digital transactions affordable to users

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[Bapun]

RBI Governor Shaktikanta Das said, 'Given the popularity and acceptance of UPI, as also the benefits seen from the availability of UPI for card-less cash withdrawal at ATMs, it is now proposed to facilitate cash deposit facility through use of UPI.'

Cash deposit facility in banks through use of UPI soon: RBI