Search For "rbi"
RBI imposes monetary penalty on three NBFCs for non-compliance with direct
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) has imposed monetary penalties on three non-banking financial companies (NBFCs) for regulatory lapses and non-compliance with various RBI directives.
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India's foreign exchange reserves continue to rise hitting fresh high of U
Updated : 1 year, 6 months ago IST
India's foreign exchange reserves increased by USD 5.248 billion, reaching a fresh record high of USD 689.235 billion, during the week that ended on September 6, according to data released by the Reserve Bank of India on Friday.
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Rising global debt is a concern, significant spillover risks for Emerging
Updated : 1 year, 6 months ago IST
The Reserve Bank of India Governor Shaktikanta Das cautioned the world on the rising global debt, which has surged to a staggering USD 315 trillion, equivalent to 333 per cent of global GDP in 2024.
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Government notifies foreign exchange rules 2024 to simplify investments an
Updated : 1 year, 6 months ago IST
The Ministry of Finance on Thursday notifies the new Foreign Exchange (Compounding Proceedings) Rules 2024 to simplify rules and regulations for foreign investments. The new rules are aimed at streamlining and rationalising existing rules and regulations to further facilitate ease of doing b
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August retail inflation at 3.65%, below RBI target for second month; food
Updated : 1 year, 6 months ago IST
August retail inflation is the second lowest in the last five years
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India handled inflation much better than US, Germany and France: SBI Repor
Updated : 1 year, 6 months ago IST
India has demonstrated a largely successful inflation-targeting regime compared to advanced economies such as the USA, Germany, and France, according to a research report by the State Bank of India (SBI).
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Easebuzz Revenue Surges to Rs 290 Crore in FY24; Forays into B2B Payments
Updated : 1 year, 6 months ago IST
Mumbai (Maharashtra) [India], September 11: Verticalized SaaS payments platform Easebuzz has released its financial numbers for FY24. The annual Gross Transaction Value (GTV) processed by the platform during the year crossed a record Rs 1,00,000 Crore, a 48 per cent growth rate compared to F
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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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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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