Fintech giant Paytm in its filing with the NSE and BSE on Friday confirmed that the Paytm app, including its Made-in-India All-in-One QR Code, Soundbox, and Card Machine, will continue to operate seamlessly even after March 15, 2024.
The Reserve Bank of India on Friday gave a 15-day relaxation to Paytm payments bank on accepting deposits. The last date will now be March 15 from the earlier date of February 29.
"Keeping in view the interest of customers (including merchants) of PPBL who may require a little more time to make alternative arrangements and the larger public interest, the following Directions are issued by the Reserve Bank of India under section 35A of the Banking Regulation Act, 19
The Reserve Bank of India on Thursday restrained a card network, that had an arrangement to enable businesses to make card payments through certain intermediaries, to entities that do not accept card payments.
The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems to make instant, low-cost fund transfers, the RBI said in a press release.
Following Real Madrid's 1-0 win over RB Leipzig in the UEFA Champions League (UCL) in Leipzig on Wednesday, the Los Blancos head coach Carlo Ancelotti showered praise on his players and said that he was proud with their "fantastic attitude, immense commitment and quality".
According to a press release, the penalty was levied due to the bank's failure to comply with RBI directives concerning 'Income Recognition, Asset Classification, Provisioning, and Other Related Matters.'
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman addressed a meeting of the Central Board of Directors of the Reserve Bank of India (RBI) on Monday and discussed the thrust areas of the Union Budget.
Governor Das stated, "If you examine our track record over the past several years, the RBI has played a significant role in the widespread adoption of UPI. We have also introduced a regulatory sandbox, allowing for the trial of new and innovative ideas, technologies, or fintech applicatio
The RBI which has received several queries and clarifications on the issue of Paytm Payments Banks reiterated that it will issue a list of FAQs soon on this issue.
Countering the submission made by the Union Government in its affidavit, the Kerala Government said that Central Government accounts for approximately 60 per cent of the total debt or outstanding liabilities of India.