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Reserve Bank of India proposes new digital banking guidelines. Banks cannot display third-party products on their digital platforms. Banks must monitor transactions for fraud. Customer consent is needed for digital banking services. Banks need RBI approval to launch transactional banking. These measures aim to enhance security and customer choice in digital banking. Stakeholders can share comments until August 11.
The High Court has come out with the ‘Policy Regarding Use of Artificial Intelligence Tools in District Judiciary’ for a responsible and restricted use of AI in judicial functions of the district judiciary of the state in view of the increasing availability of and access to such software tools.
The High Court has come out with the ‘Policy Regarding Use of Artificial Intelligence Tools in District Judiciary’ for a responsible and restricted use of AI in judicial functions of the district judiciary of the state in view of the increasing availability of and access to such software tools.
The Reserve Bank of India will conduct a bond switch auction. It aims to manage government debt. Bonds worth ₹32,000 crore will be switched. This move reduces redemption pressure in the coming years. It also helps in lowering the fiscal deficit. This follows other buyback actions by the RBI. These actions are part of a larger strategy.
The Reserve Bank of India will conduct a bond switch auction. It aims to manage government debt. Bonds worth ₹32,000 crore will be switched. This move reduces redemption pressure in the coming years. It also helps in lowering the fiscal deficit. This follows other buyback actions by the RBI. These actions are part of a larger strategy.
RBI Governor Sanjay Malhotra indicated the possibility of further interest rate cuts this year, citing a significant drop in inflation and steady economic growth. With inflation expected to remain below 3.7%, the MPC will consider both inflation and growth before making future decisions.
Updating biometrics of children below the age of seven is necessary for Aadhaar as children up to the age of five don’t have their biometrics captured, UIDAI said.
The new pledging norms will be applicable to all commercial banks, regional rural banks, small finance banks and all state and district cooperative banks, RBI said on Friday
Non-cargo ships exempted from Export Declaration Form requirement under FEMA while the advance remittance limit for import of ships raised to $50 million from the earlier $5 million.
The Reserve Bank on Wednesday issued draft guidelines for novation of OTC derivative contracts with a view to rationalising the related regulatory requirements.