With RBI intervention, SBI waives NEFT and RTGS charges

State Bank of India on Friday announced waiving charges on IMPS, NEFT and RTGS transactions through internet and mobile banking after the Reserve Bank of India decided to do so in a bid to move the country towards a less-cash economy.

RBI will set up regulatory guidelines for Fin-Tech companies

RBI working on regulatory guidelines for Fin-Tech companies The Reserve Bank of India (RBI) will set up a regulatory sandbox to benefit financial technology (Fin-Tech) companies by way of reduced time to launch innovative products at a lower cost, Governor…