Tag Archive | RBI

News for January 2, 2016

Important News from The Hindu:

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White Label ATM: An Analysis

White Label ATM or White Label Automated Teller Machines or WLAs in India will be owned and operated by Non Bank entities. It is customer’s friendly and they can withdraw money from any bank, but will need to pay a fee for the services. These white label automated teller machines (ATMs) will not display logo of any particular bank and are likely to be located in nontraditional places.

Reserve Bank of India has authorized three non-banking entities for setting up white label ATMs with a view to increase financial inclusion. Certificates of authorization has been issued to BTI Payments Pvt Ltd, Srei Infrastructure Finance Ltd, and RiddiSiddhi Bullions Ltd.

The concept of White Label ATMs are very popular in Canada. From 2006 , few banks in India trying to introduce WLA through RBI. Read More…

Financial Stability Report (FSR) of RBI

RBI recently released the 9th edition of its Financial Stability Report (FSR), which is a bi-monthly publication, reflecting the collective assessment of an expert sub-committee on risks to financial stability. The publication of the report is a good practice, being followed all over the world.

The recent FSR aims to promote awareness about the vulnerabilities in the financial system. The report also seek to examine the resilience of the financial institutions, and to encourage a debate on the development and regulation of the financial sector.

The Government as well as RBI has also been discussing these issues at higher levels. For instance, the issue of Bank Governance has been dealt with extensively by the P. J. Nayak Committee. Read More…