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RBI governor meets UPI stakeholders, discusses future strategies
Updated : 1 year, 10 months ago IST
The UPI payment system has become hugely popular for retail digital payments in India, and its adoption is increasing at a rapid pace.
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Private digital currencies are potentially dangerous, CBDC a safer alterna
Updated : 1 year, 10 months ago IST
Reserve Bank of India Governor Shaktikanta Das said on Monday that Central Bank Digital Currency (CBDC) or digital currency, can drive financial inclusion and provide a much safer alternative to potentially dangerous private digital currencies.
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Sensex-Nifty closed flat, RBIs tighter lending norms impacted PSU bank sto
Updated : 1 year, 10 months ago IST
The Nifty index closed with a marginal dip of 33 points at 22,442.65 while the Sensex gained marginally and closed after gaining 17 points at 73,895.
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Ind-Ra raises FY25 GDP growth estimate to 7.1 pc: Strong government-privat
Updated : 1 year, 10 months ago IST
The new projection slightly exceeds the Reserve Bank of India's (RBI) forecast of 7.0 per cent. The agency's forecast indicates higher growth than RBI's for the first and fourth quarters of FY25 but lower for the second and third quarters.
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REC gets RBI nod to set up subsidiary in GIFT City, Gujarat
Updated : 1 year, 10 months ago IST
REC Limited, a non-banking financial company, has received a No Objection Certificate (NOC) from Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech- City ( GIFT) in Gandhinagar, Gujarat.
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India's forex reserves decline for third consecutive week
Updated : 1 year, 10 months ago IST
India's foreign exchange reserves declined for the third week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion.
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RBI directs banks to restrict capital market exposure
Updated : 1 year, 10 months ago IST
The RBI's move comes in response to changes in the settlement cycle introduced by stock exchanges, shifting from T+2 to T+1 rolling settlement for equities.
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Empire FC announces squad for BDFA "C" Division League
Updated : 1 year, 10 months ago IST
Empire FC announced its official squad for the upcoming Bengaluru District Football Association (BDFA) "C" Division League
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RBI imposes monetary penalty on Satara Sahakari Bank Limited
Updated : 1 year, 10 months ago IST
According to RBI, the penalty, imposed by an order dated April 29, 2024, has been invoked under the powers vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act.
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Value of Rs 2000 banknotes in circulation plummets to Rs 7961 cr, 97.76 pc
Updated : 1 year, 10 months ago IST
According to a press release by the RBI, the total value of Rs 2000 banknotes in circulation, which stood at Rs 3.56 lakh crore at the close of business on May 19, 2023, has significantly declined to Rs 7961 crore at the close of business on April 30, 2024.
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F1: Red Bull confirms exit of Chief Technical Officer Adrian Newey in earl
Updated : 1 year, 10 months ago IST
Red Bull on Wednesday announced that Chief Technical Officer Adrian Newey will leave the team's Technology Group in the first quarter of 2025.
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RBI issues master directions for entities operating on electronic trading
Updated : 1 year, 10 months ago IST
According to the guidelines, these directions will not apply to electronic systems operated by scheduled commercial banks and standalone primary dealers for transactions in eligible instruments, where the bank or primary dealer operating the electronic system is the sole quote.
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