RBI Archives - AuthBridge

RBI Adds Auto-Replenishment of FASTag Under E-Mandate

Abhinandan — Fri, 23 Aug 2024 06:18:18 +0000

The Reserve Bank of India (RBI) has recently made significant updates to its electronic mandate (e-mandate) framework, particularly focusing on enhancing the efficiency and convenience of toll payments through FASTTag. FASTTag, a system that leverages Radio Frequency Identification (RFID) technology, allows for seamless toll payments by automatically debiting the associated Read more…

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RBI Updates P2P Lending Guidelines: All You Need To Know

Abhinandan — Wed, 21 Aug 2024 06:40:07 +0000

Peer-to-peer (P2P) lending has emerged as a significant alternative to traditional banking channels in India, offering a platform for individuals to lend and borrow money directly without the intervention of banks. As the popularity of these platforms has grown, so too needs robust regulation to ensure transparency, fairness, and protection Read more…

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RBI Mandates Faster Credit Score Reporting For Lenders

Abhinandan — Fri, 09 Aug 2024 05:15:46 +0000

In a significant move towards enhancing the accuracy and timeliness of credit information, the Reserve Bank of India (RBI) has mandated a shift from the traditional monthly reporting of credit data to a fortnightly cycle. This new regulation, effective from January 1, 2025, requires Credit Institutions (CIs) to report credit Read more…

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RBI’s Key Facts Statement (KFS) Extended For All MSME, Retail Borrowers

Abhinandan — Fri, 26 Jul 2024 11:52:25 +0000

The Reserve Bank of India (RBI) has recently introduced the Key Facts Statement (KFS) guidelines aimed at enhancing transparency in the lending process for retail and Micro, Small, and Medium Enterprises (MSME) loans. These guidelines mandate that all banks and financial institutions provide clear and concise information about loan terms Read more…

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Beyond OTP: RBI Hints At New Alternatives For Digital Payments Verification

Abhinandan — Fri, 09 Feb 2024 10:51:31 +0000

For millions of Indians, the familiar chime of an incoming message and the sight of a six-digit code have become synonymous with security in the digital age. One-time passwords (OTPs), delivered conveniently via SMS, have served as the gatekeepers of our online transactions, guarding access to bank accounts, e-wallets, and Read more…

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