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T Rabi Sankar takes over as new RBI deputy governor
T Rabi Sankar on Monday took over as the new deputy governor of the Reserve Bank of India for a period of three years, the central bank said in a statement.
Sankar has filled the vacancy created after the retirement of B P Kanungo on April 2. The other three deputy governors are Michael D Patra, who heads the all-important monetary policy department; Mukesh Kumar Jain, the commercial banker-turned-central banker; and Rajeshwar Rao.
Sankar was Executive Director of the Reserve Bank before being elevated to the post of deputy governor.
T Rabi Sankar on Monday took over as the new deputy governor of the Reserve Bank of India for a period of three years, the central bank said in a statement. Sankar has filled the vacancy created after the retirement of B P Kanungo on April 2. The other three deputy governors are Michael D Patra, who heads the all-important monetary policy department; Mukesh Kumar Jain, the commercial banker-turned-central banker; and Rajeshwar Rao. Sankar was Executive Director of the Reserve Bank before being elevated to the post of deputy governor. The Appointments Committee of the Cabinet cleared Sankar s appointment as the new RBI deputy governor on Saturday.
Data Localisation: RBI Bars AmEx, Diners Club From Taking New Customers
Apr 23 2021, 9:54 PM
April 23 2021, 8:00 PM
April 23 2021, 9:54 PM
In a first such action, the Reserve Bank of India barred American Express Banking Corp. and Diners Club International from on-boarding new credit card customers in India from May 1 citing non-compliance with norms that require storing transaction data locally.âThese entities have been found non-compliant with the directions on Storage of Payment System Data, the regulator said in a statement published on its website on Friday. This.
In a first such action, the Reserve Bank of India barred American Express Banking Corp. and Diners Club International from on-boarding new credit card customers in India from May 1 citing non-compliance with norms that require storing transaction data locally.
Development conference under the theme “The Role of
Financial Inclusion in a COVID-19 Pandemic”. I would like to
thank the Telecommunications Chamber and the Financial
Inclusion Forum for their commitment to sustaining this event,
and also the invitation to the Bank of Ghana to be part of this
important event. This year’s event is taking place at an
unprecedented time in recent global history, and provides
an opportunity for stocking of our digitization efforts as well as
retooling strategies for effectiveness.
Governor’s speech on “The Role of Regulators in Advancing
Financial Inclusion and Innovation” was read at a physical
The Case Of Mobile Money In Ghana
By PK Senyo
PK Senyo, Senior Lecturer in Information Systems,
University of Southampton.
Mobile money â a technology that enables financial transactions through mobile phones without a bank account â is driving financial inclusion, especially in developing countries. It gives more people a chance to use financial products and services.
In Ghana, there is a policy to encourage the use of mobile money and reduce the flow of cash. And mobile money has proved popular because of its advantages.
People can transfer money or make payments wherever they are, in a simple, fast, convenient and affordable way. Mobile money has improved the efficiency of transactions and initiated some changes in traditional banking in the country. By 2017, Ghana had over 11 million active mobile money accounts.