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RBI plans light weight and portable payment system for critical transactions during catastrophic events

The system is specifically designed to facilitate crucial payments, and also sustain the liquidity flow of the economy ....

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RBI Annual Report: Provisions, forex gains hit record highs in FY23

A 50 percent increase in the central bank s foreign exchange gains helped it transfer Rs 87,416 crore as dividend to the central government in 2022-23 ....

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RBI annual report: Most frauds hit private lenders but PSU banks outweigh in fraud amount

Maximum frauds were reported in digital payments but in terms of value, frauds have been reported primarily in the loan portfolio. ....

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RBI to strengthen NBFC regulations in 2023-24, to examine licensing requirements

Over years, the RBI has been tightening scrutiny of NBFC regulations. This exercise intensified particularly after the collapse of IL&FS and DHFL. ....

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Credit card transactions rise 30.1% in FY23 in volume terms: RBI Annual Report

In value terms, payment transactions carried out through credit cards increased by 47.3 percent. ....

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