The Reserve Bank of India is meeting lenders next week to discuss its liquidity management framework, and could announce ...

For enhanced credit flow as well as extending the scope of eligibility, the RBI has introduced new guidelines for PSL. The higher limit is aimed at increasing the role of cooperative banks in funding ...

To promote this payment ecosystem, PM Narendra Modi-led Centre has approved a ₹1,500 crore incentive scheme for FY25 for ...

The RBI revised ... towards cashless transactions. With the increased cost of cash withdrawals, more customers might switch to digital payments, further accelerating this trend. The RBI’s move aligns ...

These numbers suggest that the PMJDY played a crucial role in bridging the gap in banking ... which are essential for fostering a cashless economy and reducing black money and corruption.

Tanzania’s shift towards a cashless economy is gaining momentum amid significant growth ... Electronic Money Issuers (EMIs) accounted for the majority of these merchants, reinforcing the role of ...

The new framework seeks to support national development, financial inclusion, and sustainable economic growth. RBI’s revised PSL guidelines set ... This adjustment is expected to strengthen the role ...

The changes aim to improve credit access to priority sectors of the economy, ensuring better financial inclusion. The Reserve Bank of India (RBI) has introduced new guidelines ... This adjustment is ...

Closer to home, DuitNow QR has played a massive role in making cashless transactions seamless ... ensuring that no one is left behind in the shift to a digital-first economy. Going cashless is like ...

New Delhi: Starting May 1, withdrawing cash from ATMs in India will become more expensive as the Reserve Bank of India (RBI) has approved an increase ... reflecting a massive shift towards cashless ...