Tag: RBI
Infosys Launches AI and Cybersecurity Centre in Hubballi
Infosys has launched a new Centre for Advanced AI, Cybersecurity, and Space Technology in Hubballi, Karnataka, marking a strategic step in the company's decentralised expansion across tier-2 cities. The facility is part of Infosys Living Labs and aims to serve as both a client delivery unit and a hub for applied research and academic collaboration. Expanding innovation capacity beyond metros
The Hubballi centre reinforces Infosys’ strategy...
Meta Secures $29B for AI Data Centre Push
Meta has selected investment firms PIMCO and Blue Owl Capital to spearhead a $29 billion funding deal aimed at expanding its AI-focused data centre footprint in the United States. The financing will support major infrastructure projects in rural Louisiana and forms part of the company’s larger AI co-development strategy. $26B debt from PIMCO, $3B equity from Blue Owl
According to a source familiar with the matter,...
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...
RBI Forms Expert Committee to Establish Ethical AI Framework for Financial Sector
In a significant move to ensure responsible and ethical adoption of Artificial Intelligence (AI) in India’s financial sector, the Reserve Bank of India (RBI)...
Reserve Bank of India Moves 100 Metric Tonnes of Gold Reserves to India
The Reserve Bank of India (RBI) has transferred 100 metric tonnes of its gold reserves from the United Kingdom to domestic vaults. This significant...
RBI Opens Doors for Multiple Self-Regulatory Organisations in Fintech Industry
With the Reserve Bank of India (RBI) opening the door for multiple self-regulatory organisations (SROs), various entities are gearing up to seek approval for...
