RBI deputy governor T Rabi Sankar's term extended by a year

The central government has re-appointed T Rabi Sankar as Deputy Governor, Reserve Bank of India, for one year with...

RBI bars Kotak Mahindra Bank from onboarding new online customers

The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank to cease onboarding new customers through its...

PayU Receives RBI's In-Principle Approval to Operate as a Payment

New Delhi [India], April 24: PayU, one of India's leading digital financial services providers, today announced that...

India must annually grow 8-10% to achieve goals: RBI

To achieve its developmental goals over the next three decades, the Indian economy must grow at a rate of 8-10 per...

India’s services exports outpace merchandise exports

India's services exports, in US dollar terms, grew at a robust compound annual growth rate (CAGR) of more than 14...

RBI announces premature redemption price for SGB

According to the Government of India notification dated October 06, 2017, and October 08, 2018, premature redemption...

Inflation remains main concern against rate cuts: RBI minutes

Inflation continues to remain the main concern for the Reserve Bank of India's monetary policy committee members...

India's forex exchange reserves decline after seven-week rise

As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty declined by...

Indian banks among best-performing lenders versus peers in Asia

Three Indian lenders made it to the list of top 50 banks by assets in the Asia-Pacific region in 2023, up from two...

Paytm accelerates user migration to PSP Banks with NPCI nod

Following NPCI's approval on March 14, 2024 to onboard OCL as a Third-Party Application Provider (TPAP) on the Multi...

Fitch Ratings affirms stable outlook for key Indian banks

The ratings agency affirmed various credit ratings for these institutions, signaling confidence in their financial...

RBI seeks comments on draft rules to regulate payment aggregators

Comments or feedback on the draft directions may be sent by email or by post to the Chief General Manager-in-Charge,...