RBI

Business

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 in its accounts and popular digital wallets

Business

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 for the week ending January 1

Opinion

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 to India’s media

Press Releases

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 Fin

Press Releases

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 Mo

Finance

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

Finance

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.

Finance

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 cent growth in June 2020 Personal loans registered an accele

Finance

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) on Wednesday imposed rest

Finance

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 imposed a monetary penalty o

Finance

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 Bank The board of directors at private sector lender Yes

India News

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 in the past 30 years The Centre on Wednesda

Finance

RBI decided to transfer a surplus of Rs 99,122 crore to central government

The Reserve Bank of India (RBI) on Friday decided to transfer a surplus of Rs 99,122 crore to the Central government.

Technology

Amazon cancels one-month prime subscription in India

Amazon will now just offer a three-month membership and a yearly subscription for Prime Video Video streaming platform Amazon Prime will now only offer a three-

Finance

NEFT service won’t be available on May 23: RBI

The RBI recently proposed to expand RTGS and NEFT facilities to non-bank payment system firms in a phased manner The National Electronic Fund Transfer (NEFT) se

India News

Rabi Sankar appointed as RBI Deputy Governor

Rabi Sankar served as an IMF consultant from 2005-11 on developing government bond markets and debt management T Rabi Sankar on Monday took over as the Deputy G

Finance

In quarter four Yes Bank net loss swells to Rs 3,788 crore

Crisis-hit lender Yes Bank on Friday reported a standalone net loss of Rs 3,788 crore in the March quarter as against a net loss of Rs 3,668 crore in the year-a

Finance

RBI enhances the limit of maximum balance for payments banks

This has been done to furthering financial inclusion and to expand the ability of payments banks to cater to the growing needs of customers The Reserve Bank of

Business

RBI announces Rs 10,000 cr special OMOs on Feb 25

RBI will conduct simultaneous sale and purchase of government bonds under special open market operations The Reserve Bank of India (RBI) said on Monday that it

Finance

RBI to buy bonds worth Rs 20,000 crore

RBI to buy bonds worth Rs 20,000 crore through open market operations  The Reserve Bank of India (RBI) said on Monday it plans to buy bonds worth Rs 20,000 cror

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