India's central bank issues Net banking guidelines

INDIA - Only banks licensed in India and operating a domestic branch network will be allowed to offer Internet banking in the country, according to guidelines finalised last week by the Reserve Bank of India (RBI).

The guidelines are available on the central bank's website, www.rbi.org.in.

Banks will need the RBI's approval to offer internet banking services, which will be restricted to local currency products and to account holders only. The RBI said banks should also be connected to inter-ban

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: