MUMBAI (Reuters) - The Reserve Bank of India (RBI) is working on regulations that will be more "developmental" for financial technology, or fintech, c.
Reserve Bank of India (RBI) s newly appointed deputy governor Swaminathan J will look after the consumer education and protection department, department of supervision, financial inclusion and development department, inspection department, premises department and Rajbhasha department, the central bank says.
The Reserve Bank of India has said it didn’t receive any innovative proposal from the industry on creating a rival entity to retail payments umbrella entity NPCI.
Get latest articles and stories on Latest News at LatestLY. Reserve Bank of India governor Shaktikanta Das on Monday said payments through UPI (unified payment interface) have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022. Latest News | Daily UPI Transactions Jump 50 Pc to 36 Crore: RBI Governor.