Mumbai, May 18 (IANS) The Reserve Bank of India (RBI) on Monday promoted Gunveer Singh as Executive Director, according to an official statement issued by the central bank.Prior to his elevation, Singh was serving as Chief General Manager-in-Charge of the Department of Payment and Settlement Systems at the RBI.His appointment as Executive Director has come into effect from Monday.In his new role, Singh will oversee the Department of Payment and Settlement Systems, the central bank said.“The RB…
Latest Department of Payment and Settlement Systems News & Updates
New Delhi, April 25 (IANS) The Reserve Bank of India (RBI) has issued a draft Master Direction on Prepaid Payment Instruments (PPIs) to enhance security, customer protection and operational clarity for digital wallets and prepaid cards.RBI’s draft would allow banks that issue debit cards to offer PPIs after informing the Department of Payment and Settlement Systems (DPSS), according to reports.”A non-bank applicant shall have a minimum net-worth of Rs 5 crore, and shall submit a certificate…fr…