Search For "rbi"
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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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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India's forex reserves dip $5 bln amid depreciating rupee
Updated : 3 years, 8 months ago IST
New Delhi [India], July 9 (ANI) India's foreign exchange reserves declined by $5 billion to $588.314 billion during the week that ended on July 1, the Reserve Bank of India's weekly data showed.
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RBI imposes Rs 5.72 crore monetary penalty on Federal Bank Limited
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 5.72 crore on Federal Bank Limited for non-compliance with the central bank's direction related to the delivery of financial services.
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RBI imposes monetary penalty on Bank of India
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 70 lakh on the Bank of India for violation of Know Your Customer (KYC) related regulations.
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Ananya Finance and Prayas Microfinance join hands to lower poverty levels
Updated : 3 years, 8 months ago IST
New Delhi [India] July 8 (ANI/SRV): Impact lender, Ananya Finance for Inclusive Growth Pvt Ltd, one of the NBFCs of India is set to expand its span of operation by joining hands with Prayas Financial Services Pvt Ltd, a Micro Finance company. Ananya has announced acquiring a majority stake i
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RBI should internationalise Indian currency rupee, says SBI Research
Updated : 3 years, 8 months ago IST
New Delhi [India], July 8 (ANI): The Reserve Bank of India (RBI) should make a conscious effort to internationalise the Indian currency rupee amid disruptions in payments caused by the ongoing Russia-Ukraine war, said SBI Research in a report on Thursday.
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RBI selects Hansa Research Group to conduct field work for inflation expec
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has decided to engage Mumbai-based Hansa Research Group to conduct field work for the July 2022 round of consumer confidence and inflation expectation surveys.
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RBI announces measures to boost forex inflows, rupee slide
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) on Wednesday announced a slew of measures to boost foreign exchange (forex) inflows amid slump in the value of rupees.
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RBI imposes monetary penalty on IndusInd Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 crore on IndusInd Bank for non-compliance with certain directions related to Know Your Customer (KYC).
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