Search For "bank of india"
RBI deputy governor T Rabi Sankar's term extended by a year
Updated : 2 years, 2 months ago IST
The central government has re-appointed T Rabi Sankar as Deputy Governor, Reserve Bank of India, for one year with effect from May 03, 2024.
Read More
RBI bars Kotak Mahindra Bank from onboarding new online customers, issuing
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank to cease onboarding new customers through its online and mobile banking channels, and issuing fresh credit cards.
Read More
PayU Receives RBI's In-Principle Approval to Operate as a Payment Aggregat
Updated : 2 years, 2 months ago IST
New Delhi [India], April 24: PayU, one of India's leading digital financial services providers, today announced that it has received the in-principle authorisation from the Reserve Bank of India (RBI) with regard to its online payments aggregation (PA) business.
Read More
India must annually grow 8-10% to achieve its developmental goals: RBI
Updated : 2 years, 2 months ago IST
To achieve its developmental goals over the next three decades, the Indian economy must grow at a rate of 8-10 per annum over the next decade to reap the demographic dividend that started accruing from 2018 and, as calculations show, will last till 2055, according to an article in the Reserv
Read More
Outpacing merchandise exports, India's services capturing larger share of
Updated : 2 years, 2 months ago IST
India's services exports, in US dollar terms, grew at a robust compound annual growth rate (CAGR) of more than 14 per cent over the last 30 years (between 1993 and 2022), significantly higher than India's merchandise export growth (10.7 per cent) as well as world services export growth (6.8
Read More
RBI announces premature redemption price for SGB: Investors to receive Rs
Updated : 2 years, 2 months ago IST
According to the Government of India notification dated October 06, 2017, and October 08, 2018, premature redemption of SGB may be permitted after the fifth year from the date of issue, aligning with the date on which interest is payable on the bond.
Read More
Inflation remains main concern against rate cuts: RBI policy minutes
Updated : 2 years, 2 months ago IST
Inflation continues to remain the main concern for the Reserve Bank of India's monetary policy committee members before it goes ahead and loosens its stance on key interest rates.
Read More
India's forex exchange reserves decline after seven-week rise
Updated : 2 years, 2 months ago IST
As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty declined by USD 5.401 billion to USD 643.162 billion in the April 12 week
Read More
Indian banks among best-performing lenders versus peers in Asia: S&P G
Updated : 2 years, 2 months ago IST
Three Indian lenders made it to the list of top 50 banks by assets in the Asia-Pacific region in 2023, up from two in 2022, according to a report by S&P Global Market Intelligence.
Read More
Paytm accelerates user migration to PSP Banks with NPCI approval: Axis Ban
Updated : 2 years, 2 months ago IST
Following NPCI's approval on March 14, 2024 to onboard OCL as a Third-Party Application Provider (TPAP) on the Multi Payment Service Provider API Model, Paytm has expedited the integration with Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank
Read More
Fitch Ratings affirms stable outlook for key Indian banks amid economic tu
Updated : 2 years, 2 months ago IST
The ratings agency affirmed various credit ratings for these institutions, signaling confidence in their financial stability despite ongoing economic challenges.
Read More
RBI seeks comments on draft rules to regulate payment aggregators
Updated : 2 years, 2 months ago IST
Comments or feedback on the draft directions may be sent by email or by post to the Chief General Manager-in-Charge, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001, on or before May 31, 2024.
Read More