Search For "reserve bank of india rbi"
Innoviti Receives RBI's Final Authorization to Operate as an Online Paymen
Updated : 2 years, 3 months ago IST
Bengaluru (Karnataka) [India], March 27: Innoviti Technologies Pvt. Ltd., India's largest payments-centric retail SaaS platform for enterprise brands and their SME channel partners, announced today that it has received the final authorization from the Reserve Bank of India (RBI) to operate a
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At USD 642.49 billion, India's foreign exchange reserves hit all-time high
Updated : 2 years, 3 months ago IST
India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292 billion in the week that ended on March 15, as per the latest data released by the Reserve Bank of India (RBI). During the week, the foreign exchange kitty rose by USD 6.396 billion.
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India, Indonesia central banks sign agreement to promote use of local curr
Updated : 2 years, 4 months ago IST
The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Thursday for establishing a framework to promote the use of local currencies -- the Indian Rupee (INR) and the Indonesian Rupiah (IDR) for cross-border transactions.
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80pc of digital payments in India happen through UPI: RBI governor
Updated : 2 years, 4 months ago IST
The share of UPI in digital payments in India has reached close to 80 per cent in 2023, informed Reserve Bank of India (RBI) Shaktikanta Das on Monday, as he outlined the growth of payments ecosystem in the country.
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India's foreign exchange reserves rose by USD 2.98 billion, shows latest R
Updated : 2 years, 4 months ago IST
India's foreign exchange reserves rose by USD 2.975 billion to USD 619.072 billion in the week that ended on February 23, as per the latest data released by the Reserve Bank of India (RBI).
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RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Cooperati
Updated : 2 years, 4 months ago IST
The Reserve Bank of India (RBI) has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank Limited, Sumerpur, Pali, Rajasthan. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 28, 2024.
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RBI imposes monetary penalty on State Bank of India, Canara Bank
Updated : 2 years, 4 months ago IST
The Reserve Bank of India (RBI) has imposed a monetary penalty on State Bank of India and Canara Bank under relevant section of the Banking Regulation Act.
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Paytm UPI handles can continue after migration to other banks: RBI clarifi
Updated : 2 years, 4 months ago IST
The Reserve Bank of India (RBI) on Friday directed the UPI watchdog, the National Payments Corporation of India (NPCI) to examine the request of One97 Communication Ltd (OCL) to become a Third-Party Application Provider (TPAP) for the UPI channel for continued UPI operation of the Paytm app.
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India Ratings expects GDP to grow 6.5% next financial year, lower than gov
Updated : 2 years, 4 months ago IST
India Ratings and Research (Ind-Ra) expects the economy to grow at 6.5 per cent in the financial year 2024-25, 50 basis points lower than what was projected by the central government and the Reserve Bank of India (RBI) at its recent policy review.
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Paytm QR, Soundbox, Card machines to work beyond March 15, says company in
Updated : 2 years, 4 months ago IST
Fintech giant Paytm in its filing with the NSE and BSE on Friday confirmed that the Paytm app, including its Made-in-India All-in-One QR Code, Soundbox, and Card Machine, will continue to operate seamlessly even after March 15, 2024.
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Sitharaman addresses RBI directors, discusses thrust areas of Union Budget
Updated : 2 years, 4 months ago IST
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman addressed a meeting of the Central Board of Directors of the Reserve Bank of India (RBI) on Monday and discussed the thrust areas of the Union Budget.
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RBI imposes Rs 43.30 lakh penalty on Zoroastrian Co-operative Bank
Updated : 2 years, 5 months ago IST
The Reserve Bank of India (RBI) said on Thursday that it has imposed a monetary penalty of Rs 43.30 lakh on Zoroastrian Co-operative Bank Ltd for violating the rules.
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