RBI in discussion with banks to revise guidelines for large syndicated loans
“In order to mitigate the shortcomings in the existing arrangements for credit delivery, it was decided to relook at the model of syndicated loans for large value credits,” said an official aware of the matter, adding that Indian Banks’ Association (IBA) has submitted a report to the RBI in this regard.
RBI enhances scope of tokenisation to ensure security of card data"...card issuers have been permitted to offer card tokenisation services as token service providers. The tokenisation of card data shall be done with explicit customer consent requiring additional factor of authentication (AFA)," the RBI said in a statement while extending device-based tokenisation framework to CoFT services.
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