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Total 10 results found. Search for [ RBI umbrella entity retail payments ]

Results 1 to 10 of 10
Srinath Sridharan | Shashidhar KJ
April 16, 2021
With the government unwilling to foot the bill on digital transactions and no viable business model for banks, there are no incentives for banks to maintain the UPI infrastructure


BusinessToday.In
April 5, 2021
The consortium comprising Google, Facebook and Infibeam Avenue will likely offer its payment services overseas. The NUE, if granted an operating licence, is going to be positioned against global payments giants such as Mastercard and Visa in some markets


PTI
March 9, 2021
Paytm founder and Chief Executive Officer Vijay Shekhar Sharma said the company sees the NUE system to play out as a great opportunity for payments in the country


BusinessToday.In
March 9, 2021
In August last year, the central bank had unveiled the framework for setting up umbrella entities for operating pan-India retail payments systems and invited applications from eligible companies.


Reuters
March 2, 2021
Reserve Bank of India (RBI) rules allow banks to hold up to 50% stakes in insurers and on a selective basis equity holdings can be higher but must eventually be brought down within a certain period


BusinessToday.In
March 1, 2021
The vaccination programme has released pent-up optimism and \"there is little doubt today that a recovery based on a revival of consumption is underway,\" RBI said.


BusinessToday.In
February 27, 2021
The New Umbrella Entity (NUE) will be jointly promoted by a Reliance unit and Infibeam Avenues Ltd's subsidiary So Hum Bharat, while Google and Facebook will hold a smaller stake in the NUE license


BusinessToday.In
February 26, 2021
Requests have been received from various stakeholders including Indian Banks' Association for extending the timeline, keeping in view the COVID-19 related disruptions and inconveniences, RBI said.


BusinessToday.In
January 27, 2021
In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks, says RBI


BT Online Bureau
New Delhi, February 28, 2015
Finance Minister Arun Jaitley on Saturday presented his maiden full-year Budget for the 2015-16 financial year in the Lok Sabha. Read the full text of his speech here:


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