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RBI partially relaxes remittance transaction restrictions on SBM Bank (Ind
Updated : 3 years, 1 month ago IST
The RBI said the relaxation came after the bank initiated corrective actions and made a submission for relaxation of the restrictions.
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Proactive measures by government brought inflation within RBI's tolerance
Updated : 3 years, 1 month ago IST
India's retail inflation was above RBI's 6 per cent target for three consecutive quarters, and had only managed to fall back to the RBI's comfort zone in November 2022.
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ISRO espionage case: Five accused including ex-DGP, ADGP appear before CBI
Updated : 3 years, 1 month ago IST
Five persons, accused in the 1994 ISRO espionage case, appeared before the Central Bureau Investigation (CBI) in Thiruvananthapuram for questioning on Friday.
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RBI slaps Rs 26-lakh penalty on Nutan Nagarik Sahakari Bank
Updated : 3 years, 1 month ago IST
This action of the central bank is based on a deficiency 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.
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RBI directs SBM Bank (India) to immediately stop remittance transactions
Updated : 3 years, 1 month ago IST
The Reserve Bank of India has directed SBM Bank (India) Ltd to stop all transactions under Liberalised Remittance Scheme (LRS) with immediate effect.
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1994 ISRO espionage case: Kerala HC grants anticipatory bail to former Guj
Updated : 3 years, 2 months ago IST
Kerala High Court on Friday granted anticipatory bail to former Police and Intelligence Bureau (IB) officers, including former Gujarat ADGP RB Sreekumar and former Kerala DGP Siby Mathews, in a case pertaining to the alleged framing of former ISRO scientist Nambi Narayanan in the 1994 ISRO e
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Macroeconomic stability getting bolstered, says RBI monthly bulletin
Updated : 3 years, 2 months ago IST
The article said emerging markets are appearing more resilient than in the year gone by, but their biggest risks in 2023 stem from US monetary policy and the US dollar.
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Fintech Bond Investment Platform IndiaBonds gets CEO & Co-Founder - Vi
Updated : 3 years, 2 months ago IST
Mumbai (Maharashtra) [India], January 19 (ANI/PRNewswire): IndiaBonds announces CEO to Drive Strategic Growth and Innovation and is set to welcome its Chief Executive Officer and Co-Founder Vishal Goenka starting today. Prior to joining IndiaBonds, Vishal was a Managing Director at Deutsche
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RBI's services, infra outlook survey to assess business situation of fourt
Updated : 3 years, 2 months ago IST
The survey assesses the business situation for the current quarter (Q4:2022-23) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q1:2023-24) based on qualitative responses on a set of indicators pertaining to demand c
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States' fiscal health has improved from sharp pandemic-induced deteriorati
Updated : 3 years, 2 months ago IST
The report said that gross fiscal deficit (GFD) is budgeted to decline from 4.1 per cent of gross domestic product (GDP) in 2020-21 to 3.4 per cent in 2022-23.
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Innoviti Technologies Becomes India's First SaaS Platform to Enable Offlin
Updated : 3 years, 2 months ago IST
Bengaluru (Karnataka) [India], January 16 (ANI/PRNewswire): Aligning to RBI's initiative to drive credit growth on UPI, Innoviti Technologies (formerly, Innoviti Payment Solutions), India's largest collaborative commerce platform, has enabled credit card transactions on Unified Payments Inte
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Paytm Payments Bank gets final nod from RBI to operate Bharat Bill Payment
Updated : 3 years, 2 months ago IST
Paytm Payments Bank Limited (PPBL) received final approval from the Reserve Bank of India to operate as Bharat Bill Payment System services under the Payment and Settlement Systems Act, 2007, said a press release on Monday.
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