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WhatsApp seeks RBI nod to expand its payment services

BE/RBI NOTE/52/2018 WhatsApp has sought permission of Reserve Bank of India, in order to expand its payment services.  It is felt that their offerings will improve through financial inclusion. The Chief of WhatsApp has written to the Reserve Bank of India of India (RBI),  seeking a formal nod to expand payments services to all its 200 million users in India. The messaging app, which has drawn fire from the Government over the spread of fake messages on its platform, still waits for a regulatory clearance to launch full­fledgedpayments operations in India  months after its ‘testing’  amassed nearly one million users — and almost two years since its first began

WhatsApp seeks RBI nod to expand its payment services

BE/RBI NOTE/52/2018 WhatsApp has sought permission of Reserve Bank of India, in order to expand its payment services.  It is felt that their offerings will improve through financial inclusion. The Chief of WhatsApp has written to the Reserve Bank of India of India (RBI),  seeking a formal nod to expand payments services to all its 200 million users in India. The messaging app, which has drawn fire from the Government over the spread of fake messages on its platform, still waits for a regulatory clearance to launch full­fledgedpayments operations in India  months after its ‘testing’  amassed nearly one million users — and almost two years since its first began

BID TO EASE STRESS ON NBFCs

BE/RBI NOTE/51/2018 Indian NBFCs which are known as Shadow banks are facing stress on their Balance Sheets after a debt crisis brought a huge hit in NBFCs working in September this year, which in turn brought fears in the minds of investors. This has otherwise resulted in a cash crunch in the sector. SOME GOOD

BID TO EASE STRESS ON NBFCs

BE/RBI NOTE/51/2018 Indian NBFCs which are known as Shadow banks are facing stress on their Balance Sheets after a debt crisis brought a huge hit in NBFCs working in September this year, which in turn brought fears in the minds of investors. This has otherwise resulted in a cash crunch in the sector. SOME GOOD

RBI  Vs Government

BE/RBI NOTE/50/2018 Issues The fight between the RBI and the Government which was developing since February this year has come to the forefront now. It was on on October 26, that the RBI Deputy Governor Viral Acharya practically accused the Government of interference in the Central Bank’s working In turn the Government brought back the

RBI Vs Government

BE/RBI NOTE/50/2018 Issues The fight between the RBI and the Government which was developing since February this year has come to the forefront now. It was on on October 26, that the RBI Deputy Governor Viral Acharya practically accused the Government of interference in the Central Bank’s working In turn the Government brought back the

Reduction in Cash Reserve Ratio

BE/RBI NOTE/49/2018 There are chances of RBI reducing the Cash Reserve Ratio (CRR) by 1% which is expected to bring around Rs. 1.2 lakh crore liquidity in the system. With a huge pressure from the Government, there is a speculation of diluting the BANKS’ CAPITAL NORMS. A reduction in CRR would avoid such a move

Reduction in Cash Reserve Ratio

BE/RBI NOTE/49/2018 There are chances of RBI reducing the Cash Reserve Ratio (CRR) by 1% which is expected to bring around Rs. 1.2 lakh crore liquidity in the system. With a huge pressure from the Government, there is a speculation of diluting the BANKS’ CAPITAL NORMS. A reduction in CRR would avoid such a move

DIGITAL PUBLIC CREDIT REGISTRY (PCR)

BE/RBI NOTE/48/2018 RBI is in the process of setting up a digital Public Credit Registry (PCR).  This will capture details of all borrowers across the Financing system.  Let us see more details about this: This wide wide-based digital Public Credit Registry (PCR) would capture loan information of individuals and corporate borrowers. RBI has now invited

DIGITAL PUBLIC CREDIT REGISTRY (PCR)

BE/RBI NOTE/48/2018 RBI is in the process of setting up a digital Public Credit Registry (PCR).  This will capture details of all borrowers across the Financing system.  Let us see more details about this: This wide wide-based digital Public Credit Registry (PCR) would capture loan information of individuals and corporate borrowers. RBI has now invited