This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the RBI said.
Reserve Bank of India Governor Shaktikanta Das said on Thursday that all its actions, including certain restrictions it imposed on Paytm's associate bank, are in the best interest of the public.
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the sixth straight time.
Indian stock indices were marginally higher at Thursday's opening bell, tracking positive cues from overnight US markets. The latest return of foreign portfolio investors to India also somewhat supported the stocks.
Amid rising fiscal deficits and public debt,Maldives remains at "high risk" of external and overall debt distress, the International Monetary Fund (IMF) said in its report
Amid rising fiscal deficits and public debt, Maldives remains at a "high risk" of external and overall debt distress, the International Monetary Fund (IMF) said in its report.
There are factual errors, false monetary claims, misleading statements, and selective mention of certain losses allegedly suffered without mentioning the gains that have accrued to the state in the 15th Finance Commission (FC) period, the central government said.
The Minister, while addressing a conference in Parliament premises, said "there are factual errors, false monetary claims, misleading statements, and selective mention of certain losses allegedly suffered without mentioning the gains that have accrued to the state (Karnataka) in the 15th
American singer-songwriter and musician Victoria Monet has a special message for ace singer Beyonce. She shared a photo along with her taken at the Grammys 2024, reported People.
Indian stock indices were marginally higher at Wednesday's opening bell, tracking positive cues from overnight US markets and the latest return of foreign portfolio investors.
Going ahead into this week, investors will keep track of the three-day RBI monetary policy meeting that starts today. The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicat