RBI launches PRAVAAH, RBI Retail Direct mobile app, FinTech Repository
The PRAVAAH portal will make it convenient for any individual or entity to apply online for various regulatory approvals
Source: moneycontrol.com
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PRAVAAH portal, RBI Retail Direct Mobile Application and FinTech Repository launched for ease of biz
RBI Governor Shaktikanta Das on Tuesday launched three major initiatives of the Reserve Bank of India which include the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository.The PRAVAAH portal will make it convenient for any ...
Source: prokerala.com
RBI plans to do away with OTP based authentication. What we know so far
RBI has not expressed any desire to phase out authentication process completely but only the process of AFA (additional factor of authentication)
Source: livemint.com
Federal Bank floats UPI lite facility for small-value digital payments; check details
UPI Lite allows its users to store money in their UPI Lite on-device wallet and make offline payments to merchants without using a UPI PIN.
Source: businesstoday.in
RBI streamlines Internal ombudsman scheme of banks, other financial institutions to help customers
As per the RBI governor, the consolidation of master guidelines will fine tune the redressal of customers' complaints. In November 2021, the RBI announced the Integrated Ombudsman by merging three different ombudsman schemes. The current announcement deals with streamlining the operational aspect of the ombudsman scheme to make it easier for customers to file complaints.
Source: indiatimes.com