Search For "rbi"
Woman nabbed for duping over 700 in ponzi scheme
Updated : 4 years, 1 month ago IST
New Delhi [India], February 27 (ANI): Economic Offences Wing (EOW) of Delhi Police on Saturday arrested a woman for allegedly duping more than 700 investors to the tune of Rs 4 cr in the name of a Ponzi scheme.
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India's Forex reserves rise by USD 2.76 billion to USD 632.95 billion
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 26 (ANI): India's foreign exchange (forex) reserves rose by USD 2.762 billion to USD 632.952 billion for the week ended February 18, led by a sharp jump in the value of gold reserves, the Reserve Bank of India (RBI) data showed.
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Bombay HC directs RBI to allow petitioner to exchange demonetized notes wo
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 25 (ANI): The Bombay High Court on Friday directed the Reserve Bank of India (RBI) to allow a petitioner, Kishor Sohoni to exchange Rs 1.6 lakhs worth of demonetised notes.
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RBI cancels Certificate of Registration of PC Financial Services Pvt Ltd
Updated : 4 years, 1 month ago IST
New Delhi [India], February 24 (ANI): Reserve Bank of India on Thursday cancelled the Certificate of Registration of PC Financial Services Pvt Ltd, Delhi for violation of RBI directions on outsourcing and Know Your Customer norms.
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Tijoree launches Smart & Gamified Banking for India's Teens
Updated : 4 years, 1 month ago IST
New Delhi [India], February 23 (ANI/Mediawire): Tijoree has launched India's first prepaid card targeted at teenagers that is combined with a market simulator to teach financial literacy in an exciting way. The card includes smart features that inculcate better spending habits, and exciting
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sRide car-pooling app offers services without required approval: RBI
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 22 (ANI): The Reserve Bank of India (RBI) on Tuesday cautioned the public against sRide car-pooling app saying the tech firm offers semi-closed (non-closed) pre-paid instrument (wallet) services without authorisation from the central bank.
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RBI imposes monetary penalty on Jammu and Kashmir-based cooperative bank
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 21 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 2 lakh on Baramulla Central Cooperative Bank Limited, Jammu and Kashmir, for violation of regulations related to acceptance of fresh deposits.
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India's Forex reserves decline by $1.76 billion to $630.19 billion
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 19 (ANI): India's foreign exchange (forex) reserves declined by $1.763 billion to $630.19 billion in the week ended February 11 due to a sharp drop in the value of foreign currency assets, the Reserve Bank of India (RBI) data showed.
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Juspay launches OpenPPI to support Interoperability of prepaid instruments
Updated : 4 years, 1 month ago IST
Bengaluru (Karnataka) [India], February 18 (ANI/PRNewswire): Juspay Technologies, the pioneers of 1-click, frictionless digital payments in India, announced the launch of its new offering 'OpenPPI' that helps Prepaid Instruments (PPI) like digital wallets implement and comply with RBI's PPI
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Government, RBI working with complete harmony in the interest of the Natio
Updated : 4 years, 1 month ago IST
New Delhi [India], February 14 (ANI): Finance Ministry and Reserve Bank of India (RBI) are partners, not just on crypto but also on every other thing as well, I think there's complete harmony with which we're working, respecting each other's domain also knowing what we've to do with each
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Cryptocurrencies are worse than Ponzi schemes, says RBI Deputy Governor
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 14 (ANI): Cryptocurrencies have specifically been developed to bypass the regulated financial system and it is akin to or even worse than Ponzi schemes, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar said on Monday.
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Retail inflation crosses RBI's tolerance limit, hits 6.01 per cent in Janu
Updated : 4 years, 1 month ago IST
New Delhi [India], February 14 (ANI): India's retail inflation rose to 6.01 per cent in January, crossing the upper limit of the Reserve Bank of India (RBI) tolerance band for the first time in seven months, the government data showed on Monday.
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