Tag: RBI
ASML to Cut Around 1,700 Jobs in AI‑Driven Reorganisation
ASML, the Dutch semiconductor‑equipment giant that holds a near‑monopoly on advanced lithography tools used to manufacture cutting‑edge chips, is planning to cut roughly 1,700 jobs, or about 4 per cent of its 44,000‑person workforce. The move was announced in January alongside the company’s record full‑year revenue of €32.7 billion and signals a major internal reorganisation aimed at streamlining operations even as demand for advanced...
MeitY Proposes Continuous Labelling for AI‑Generated Content
The Ministry of Electronics and Information Technology (MeitY) has proposed that all content generated with the help of artificial intelligence carry a continuous and clearly visible label alerting users that the material has been synthetically created. The draft amendment to the Information Technology Rules (Intermediary Guidelines and Digital Media Ethics Code), 2021 requires that the labelling must remain on display for the entire duration...
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...
