RBI

India Considers 18 Percent Tax On Cryptocurrencies
India Considers 18 Percent Tax On Cryptocurrencies
May 29, 2018  |  Cryptocurrency

The government of India is reportedly taking a different approach to regulating cryptocurrencies, mulling over an 18 percent Goods and Services Tax (GST) on trading the...

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Pluto Eyes B2B Transactions With Mobile Cryptocurrency Exchange Tool
Pluto Eyes B2B Transactions With Mobile Cryptocurrency Exchange Tool
December 29, 2017  |  B2B Payments

Pluto Exchange is launching India’s first mobile cryptocurrency exchange solution with an eye on a few use cases for B2B transactions. Reports in NDTV on...

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India Central Bank Clears Infibeam For B2B Payments Launch
India Central Bank Clears Infibeam For B2B Payments Launch
November 17, 2017  |  B2B Payments

India’s central bank, the Reserve Bank of India (RBI), has cleared the way for eCommerce company Infibeam to launch a B2B payments service, according to...

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Indian Bank’s Sour Loans Hit Near $146B
Indian Bank’s Sour Loans Hit Near $146B
October 11, 2017  |  Loans

Reuters reported that bad debt continues to linger on Indian banks’ balance sheets. On Tuesday (Oct. 10), the newswire said that the souring loans totaled...

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RBI Study Warns Banks Of Ad Hoc Tactics To Inflate Lending Rates
RBI Study Warns Banks Of Ad Hoc Tactics To Inflate Lending Rates
October 10, 2017  |  B2B Payments

A report out by the Reserve Bank of India (RBI) warns banks across the country that their “ad hoc” processes to inflate lending rates or...

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Google’s Big Mobile Moves In India
Google’s Big Mobile Moves In India
July 13, 2017  |  Google

Over the last 18 months, India has moved full-speed ahead from a nearly entirely cash-based society to one with ambitions of being totally cashless. The...

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RBI Warns Against Bitcoin Use – For Now
RBI Warns Against Bitcoin Use – For Now
February 06, 2017  |  B2B Payments

The Reserve Bank of India has made several public shows of support for digital payments and for going cashless — even for blockchain. But the...

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India SMEs Get Even More Time To Pay Off Loans
India SMEs Get Even More Time To Pay Off Loans
December 30, 2016  |  B2B Payments

SMEs in India will have more time to pay off their loan debts as the nation looks to ease small businesses’ cash crunch following demonetization....

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India Debuts Unified Payment Interface Program
India Debuts Unified Payment Interface Program
April 12, 2016  |  Payment Methods

India just took a major step toward giving its cash-driven economy a mobile payment spin. The country’s Reserve Bank of India (RBI) announced the launch of...

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