As per the survey, about 59 per cent respondents believe that India provides a favourable atmosphere to run a business.
As per the new rules, offline payments can be made face-to-face only, and transactions can be done without Additional Factor of Authentication.
The customer segment of Fino Bank at the middle of the pyramid is targeted to families of many of the people working in foreign countries, Fino Bank said.
Presently, banks are allowed to charge Rs 20 for such transactions through ATMs.
The current account was in a surplus mode both in the quarter-ago and year-ago periods.
The regulator had received representations from the intermediaries in regards to maintaining current accounts with banks.
The pandemic has tested the resilience of NBFCs, but so far, the sector has emerged stronger.
Reserve Bank of India has extended the deadline for card tokenisation by six months till June 30, 2022 on the request of industry.
The government listed Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the Winter Session of Parliament.
In the case of the ICICI Bank, the RBI said the statutory inspection for supervisory evaluation of the bank was conducted by it with reference to its financial position as of March 31, 2019.
The RBI introduced stricter prompt corrective action framework for large NBFC to improve regulatory reach, with effect from Oct 1.
The RBI had said in a statement that it has come to notice that some cooperative societies are using the word 'bank' in their names in violation of the Banking Regulation Act.
The marginal rise in the inflation figures has been attributed to the rise in food prices particularly fruits and vegetables.
In an interview with TNIE, former RBI governor suggests framework to regulate the currency, ensure transparency.
India has over 118 crore mobile users, and of which only 74 crore have smartphones. This UPI service for feature phone users will benefit consumers in large numbers.