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Tag: RBI

Regulatory Hurdles Pose Challenges for Paytm as RBI Orders Deposit Halt

Bangalore: The Reserve Bank of India (RBI) has directed Paytm Payments Bank to halt the acceptance of fresh deposits...

Indian Foreign Exchange Reserves Dip by $2.795 Billion, Standing at $616.143 Billion

New Delhi: India's foreign exchange reserves experienced a notable dip of USD 2.795 billion, settling at USD 616.143 billion...

India is walking the American way: Business Tycoon Subhash Chandra gets Rs 5,000 crore relief despite defaulting

On September 2nd, Yes Bank's Asset Reconstruction Company named "JC Flowers" wavered off Rs 5,000 crore worth of loans...

RBI organises 3rd zonal level round of All-India Quiz on financial literacy in Delhi

In order to enhance financial literacy among school students, the Reserve Bank of India (RBI) organised the third zonal level round of the All-India Quiz on Financial Literacy that saw the participation of state-level winners of Delhi

RBI leaves policy rates unchanged, RBI Governor says war against inflation has to continue

Delivering the bimonthly Monetary Policy Statement of the RBI through the RBI’s YouTube channel today, the RBI Governor Shaktikanta Das has informed that the Monetary Policy Committee has decided unanimously to keep the policy repo rate unchanged at 6.50 per cent with readiness to ac

Long weekend for banks as holidays start Thursday

Get your banking tasks done before Thursday as banks in your area could remain shut for extended days this week

Investors reduced deposits in banks; prefer greener avenues

Investors are looking at other avenues for parking their money instead of banks. The banks will face a liquidity crunch in future due to this.

The personal loans sector registered an accelerated growth of 11.9 percent in June 2021: RBI

RBI further said the credit growth to industry contracted by 0.3 per cent in June 2021 from 2.2 per...

RBI imposed restrictions on Mastercard from onboarding new customers

RBI also instructed Mastercard to advise all card-issuing banks and non-banks to conform to the directions Reserve Bank of India...

RBI imposes penalties on SBI and 13 banks for violation of rules

The violence includes non-compliance with certain provisions of directions issued by RBI The Reserve Bank of India (RBI) on Tuesday...

Yes Bank to raise Rs 10,000 crore via debt securities

According to the RBI-backed rescue plan, the State Bank of India acquired up to 49 percent stake in Yes...

Centre re-appoints Mahesh Kumar Jain as RBI Deputy Governor

Mahesh Kumar Jain has served on various boards including the Export-Import Bank of India (EXIM Bank), IBPS, and NIBM...