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India's inflation above tolerance for 6th consecutive month; here's what a
Updated : 3 years, 8 months ago IST
New Delhi [India], July 13 (ANI): India's retail inflation eased marginally to 7.01 per cent in June from 7.04 per cent in the previous month helped by softening crude and edible oil prices, while staying above the central Reserve Bank of India's (RBI) tolerance limit for the sixth consecuti
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RBI cancels Certificate of Registration of four NBFCs
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 12 (ANI): The Reserve Bank of India (RBI) said on Tuesday it has cancelled the Certificate of Registration of four non-banking financial companies (NBFCs).
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RBI imposes monetary penalty on Ola Financial Services
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 12 (ANI): The Reserve Bank of India (RBI) on Tuesday said it has imposed a monetary penalty of Rs 1.68 crore on Ola Financial Services Private Limited for non-compliance with certain provisions of payment instruments and know your customers (KYC).
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India's retail inflation eases marginally to 7.01 per cent in June
Updated : 3 years, 8 months ago IST
New Delhi [India], July 12 (ANI): India's retail inflation eased marginally to 7.01 per cent in June from 7.04 per cent in the previous month helped by softening crude and edible oil prices, according to government data released on Tuesday.
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Next Cryptocurrency To Explode 2022: RoboApe (RBA) And Ripple (XRP)
Updated : 3 years, 8 months ago IST
New Delhi [India], July 12 (ANI/ATK): Many cryptocurrencies have been on the hard road to recovery since the latest slump in the cryptocurrency market.
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RBI imposes monetary penalty on Bettiah-based Cooperative Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed Rs 2 lakh monetary penalty on Bettiah (Bihar)-based National Central Cooperative Bank Limited for non-compliance with directions related to KYC and depositor education and awareness fun
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RBI imposes monetary penalty on Maharashtra State Co-operative Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed Rs 37.5 lakh monetary penalty on Maharashtra State Co-operative Bank Ltd for non-compliance with directions related to reporting and monitoring of frauds.
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RBI grants Payment Aggregator License to Razorpay
Updated : 3 years, 8 months ago IST
Bengaluru (Karnataka) [India], July 11 (ANI/NewsVoir): Razorpay, India's Preferred Payments and Banking Platform for Businesses today announced that it is one of the first full-stack financial solutions companies that has been given an in-principle approval by the RBI for a Payment Aggregato
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RBI sets up mechanism to settle international trade payments in rupees
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) on Monday announced a mechanism to settle payments for international trade in rupees, which will help boost India's global trade, especially the country's exports.
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Inflation may ease gradually in second half of 2022-23, says RBI Governor
Updated : 3 years, 8 months ago IST
New Delhi [India], July 9 (ANI): Inflation, which has been above the central bank's tolerance limit since the beginning of 2022, is likely to ease gradually in the second half of the current financial year, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Saturday.
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Kava (KAVA), Kadena (KDA) and RoboApe (RBA): Three cryptocurrency tokens t
Updated : 3 years, 8 months ago IST
New Delhi [India], July 9 (ANI/ATK): The bear market is in and many cryptocurrency projects are down by as much as 80 per cent. This is not unique to crypto and other markets such as stocks and bonds are also feeling the pinch. The bear market presents buyers with an opportunity to pick up p
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RBI Governor says inflation expected to ease in second half of 2022-23
Updated : 3 years, 8 months ago IST
New Delhi [India], July (ANI): India's inflation is expected to ease gradually in the second half of the current financial year 2022-23, "precluding the chances of a hard landing" monetary policy actions, said the Reserve Bank of India Governor, Shaktikanta Das.
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