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FATF working on enhanced disclosures for credit card and online transactio
Updated : 1 year, 6 months ago IST
The Financial Action Task Force (FATF), the global watchdog for money laundering and terror financing, is considering enhanced disclosures for global credit card transactions and online payment gateways to curb illicit activities, according to government sources.
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PayGlocal gets RBI nod to operate as an online merchant payments company
Updated : 1 year, 6 months ago IST
Bengaluru (Karnataka) [India], September 10: PayGlocal, a leading cross-border payment solutions provider, is thrilled to announce that it has received final authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. This significant milestone allows PayGl
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Deposit growth in India expected to slow to 11.2 pc YoY in 2025: Report
Updated : 1 year, 6 months ago IST
The deposit growth in the country will decelerate to 11.2 per cent YoY in fiscal year 2025, as banks face slower mobilisation of new deposits, highlights a report by B&K Securities.
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Gujarat hydropower plants made a record in electricity generation in Augus
Updated : 1 year, 6 months ago IST
The Sardar Sarovar Dam, a key player in Gujarat's water and energy management, alone generated over 800 MU of electricity, with a total of 891 MU coming from both the Sardar Sarovar River Bed Power House (RBPH) and Canal Head Power House (CHPH).
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SATYA MicroCapital Limited Secures Rs 500 Cr (USD 60Mn) Debt Funding from
Updated : 1 year, 6 months ago IST
New Delhi [India], September 7: RBI-registered NBFC-MFI SATYA MicroCapital Limited has once again secured Rs 500 Cr (USD 60Mn) from Sumitomo Mitsui Banking Corporation (referred as SMBC hereafter), a renowned Japanese multinational financial services institution under Sumitomo Mitsui Financi
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RBI imposes penalties on three housing finance companies for non-complianc
Updated : 1 year, 6 months ago IST
The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies for non-compliance with directions of RBI on housing finance companies.
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India's foreign exchange reserves continue to rise hitting fresh high of U
Updated : 1 year, 6 months ago IST
The reserves have been on an upward trend for some time. In 2024 alone, they have risen by over USD 60 billion cumulatively. This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks.
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Rural demand and private consumption have picked up; GDP is expanding well
Updated : 1 year, 6 months ago IST
RBI Governor Shaktikanta Das stated that the rural demand of the Indian economy has picked up as the private consumption and investment expanded in the latest quarter GDP numbers.
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RBI board reviews global and domestic economic scenario, outlook
Updated : 1 year, 6 months ago IST
The Board also reviewed various areas of operations of the Reserve Bank of India, including the functioning of Local Boards and activities of select Central Office Departments.
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Banks selling IPO shares within a week, experts call for RBI explanation
Updated : 1 year, 6 months ago IST
Amid a surge in number and demand of Initial Public offerings (IPOs) in the Indian stock market, a recent SEBI report has revealed some interesting behaviour of investors in the IPO market.
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Role of finance indisputable in shaping India's growth story: RBI Deputy G
Updated : 1 year, 6 months ago IST
The role of finance in shaping and reshaping India's future is indisputable as there is a deep nexus between finance and growth, Michael D Patra, Deputy Governor, Reserve Bank of India (RBI), said.
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Chennai based Fintech Paysharp has received final authorisation from the R
Updated : 1 year, 6 months ago IST
New Delhi [India], September 2: Paysharp is an existing PA, which received RBI final authorisation on 30th August 2024 Friday followed by the in-principal PA license on December 2022. Paysharp is a 5 years old startup, raised two rounds of funding sum of 23 crores, last funding round was on
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