Tag: RBI
Sarvam AI Startup Programme Fuels Indic AI Builders
Sarvam AI has introduced the Sarvam Startup Programme, providing early-stage companies with up to 12 months of API credits, priority engineering support and production-ready infrastructure to build multilingual AI applications without backend complexities. Founders Vivek Raghavan and Pratyush Kumar positioned the initiative to empower India’s developer ecosystem with high-quality models fluent in 22+ Indian languages and English, enabling full agency in creating voice agents,...
Oracle Layoffs Fund AI Data Centre Push Amid Cash Squeeze
Oracle is planning thousands of job cuts across divisions as it grapples with a cash crunch from aggressive AI data centre buildout to support major clients including a $300 billion OpenAI agreement, xAI and Meta, as Bloomberg News first reported. The reductions, potentially broader than typical rolling cuts, may begin this month and target roles expected to diminish under AI automation, coinciding with an...
India Introduces Biometric UPI Payments with Face and Fingerprint Authentication
Facial Recognition and Fingerprint Verification to Replace PIN for Seamless Digital PaymentsIn a landmark move to strengthen digital payment security and convenience, India is...
FIU-IND, RBI Sign MoU on AML Compliance
In a significant move to strengthen India’s financial security framework, the Financial Intelligence Unit-India (FIU-IND) and the Reserve Bank of India (RBI) have signed...
RBI: Banking System Safe Despite Recent Crises
In the wake of recent concerns over accounting lapses and isolated failures, Reserve Bank of India (RBI) Governor Sanjay Malhotra asserted on Wednesday that...
RBI to Infuse $10B via Forex Swap to Ease Liquidity Crunch
The Reserve Bank of India (RBI) has announced a $10 billion dollar/rupee forex swap auction scheduled for February 28, aimed at injecting durable rupee...
RBI Imposes ₹68.1 Lakh Fine on Banks, NBFC for Non-Compliance
The Reserve Bank of India (RBI) has imposed monetary penalties amounting to ₹68.1 lakh on Nainital Bank Ltd and Ujjivan Small Finance Bank for...
Govt, RBI Align Fiscal and Monetary Policy for Growth
Finance Minister Nirmala Sitharaman emphasized the importance of coordination between the government's fiscal policy and the Reserve Bank of India’s (RBI) monetary measures to...
RBI Facilitates Cross-Border Trade in Rupees
Following the Reserve Bank of India's (RBI) initiative to enable invoicing and payments for international trade in rupees and other local currencies, 123 correspondent...
RBI Launches ‘Bank.in’ Domain for Indian Banks
The Reserve Bank of India (RBI) has introduced an exclusive ‘.bank.in’ internet domain for Indian banks as part of measures to enhance digital security....
RBI Eases Liquidity With ₹20,000 Cr G-Sec Buy
The Reserve Bank of India (RBI) conducted the first phase of its ₹60,000 crore liquidity infusion program on Thursday by purchasing government securities (G-Secs)...
Cred Becomes First Fintech to Offer India’s Digital Rupee
Fintech firm Cred has become the first non-bank entity to roll out access to India’s central bank digital currency (CBDC), marking a significant step...
RBI Governor Urges Banks to Bolster Cybersecurity
Sanjay Malhotra, the RBI Governor, has called on public and private sector banks to fortify their defenses against the growing threat of digital frauds....
New RBI Guidelines to Secure Digital Transactions
The Reserve Bank of India (RBI) has issued new guidelines for banks, financial institutions, and payment system participants to combat rising digital fraud. A...
