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ICICI Pru Life may soon onboard Account Aggregator system
RBI will regulate the Account Aggregator (AA) through an NBFC-AA license
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Disruption in recurring payment anticipated as banks hurry to meet new norms
New RBI rules state banks should send a pre-debit notification to customers at least 24 hours before initiating auto-debit transactions.
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Uneven global recovery post pandemic, crisis dented inclusivity: RBI Governor
The transition to digital and automation during the Covid-19 pandemic would boost productivity.
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Big push needed for sustainable growth across sectors: Das
He noted that there would be a need to guard against any emergence of the digital divide, as digitisation gains speed after the pandemic
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Borrowing by state govt 11% lower than last year: Care Ratings
In FY22 market borrowings by the states were at 11% less, than FY21. Cumulatively Rs 2.92 lakh crore was raised by 25 states and Delhi.
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Depositors in these 21 troubled banks will soon get compensation
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has released the list of 21 banks; amount capped at Rs 5 lakh/deposit.
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Average credit card transaction up by 223% in July: RBI data
The monthly value of transaction involved jumped by 258% and volume of transaction by 135% in the past 16 months.
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NRI's interest in real estate rising: Check details here
Along with domestic buyers, there has been a rise in non-resident Indians seeking to buy property in India, providing a further fillip to the market.
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RBI to allow NBFCs apply for Aadhaar-e-KYC Authentication Licence
Aadhaar e-KYC Authentication is expected to boost digitisation and check frauds among NBFCs
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9 things you should know about account aggregators
An account aggregator is a system or entity that comes under the purview of the Reserve Bank of India
