Introduction The Government of India has decided to end the Gold Monetisation Scheme (GMS), a program introduced to utilize idle gold reserves in households and institutions. The Reserve Bank of India (RBI) has provided an update regarding the existing deposits under this scheme, ensuring that all commitments made to depositors will be honored. Reasons for…
Introduction The Reserve Bank of India (RBI) has appointed Indranil Bhattacharyya as its new Executive Director (ED). This decision comes as part of the central bank’s effort to strengthen its leadership and enhance financial regulation. With a vast experience in banking and finance, Bhattacharyya’s appointment is expected to play a crucial role in RBI’s future…
The Reserve Bank of India (RBI) has introduced a regulatory framework for the establishment of a Self-Regulatory Organisation (SRO) for Account Aggregators (AAs). This move aims to enhance governance, compliance, and transparency in the financial data-sharing ecosystem. Account Aggregators play a crucial role in facilitating seamless data sharing between financial institutions while ensuring user consent…
