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RBI proposes to further harmonise regulations of HFCs and NBFCs

Currently the deposit taking HFCs are required to maintain 13 per cent of liquid assets against public deposits held by them. It has now been decided that all deposit taking HFCs need to maintain liquid assets to the extent of 15 per cent of the public deposits held by them, in a phased manner, the RBI said.

Draft Circular Letter On Ethical Guidelines For Use Of Artificial Intelligence

Following up on Press Release No. 254/HM/KOMINFO/08/2023 dated August 30, 2023 in which the Minister of Communication and Informatics announced that the MOCI was developing an ethical guideline for.

RBI issues draft circular on issuance of debit, credit and prepaid cards

The central bank says the existing arrangements between card networks and card issuers are not conducive for customers

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