Innoviti Receives RBI's Final Authorization

Bengaluru (Karnataka) [India], March 27: Innoviti Technologies Pvt. Ltd., India's largest payments-centric retail...

India's foreign exchange reserves hit all-time high

India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292...

India, Indonesia sign pact to promote local currency transactions

The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on...

80% of digital payments in India happens through UPI in India

The share of UPI in digital payments in India has reached close to 80 per cent in 2023, informed Reserve Bank of...

India's foreign exchange reserves rose by USD 2.98 billion

India's foreign exchange reserves rose by USD 2.975 billion to USD 619.072 billion in the week that ended on...

Rajasthan's Sumerpur Mercantile Urban Coop Bank licence cancelled

The Reserve Bank of India (RBI) has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank Limited,...

RBI imposes monetary penalty on State Bank of India, Canara Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty on State Bank of India and Canara Bank under...

Paytm UPI handles can continue after migration to other banks

The Reserve Bank of India (RBI) on Friday directed the UPI watchdog, the National Payments Corporation of India...

India Ratings expects GDP to grow 6.5% next financial year

India Ratings and Research (Ind-Ra) expects the economy to grow at 6.5 per cent in the financial year 2024-25, 50...

Paytm QR, Soundbox, Card machines to work beyond March 15

Fintech giant Paytm in its filing with the NSE and BSE on Friday confirmed that the Paytm app, including its...

FM addresses 606th RBI Central Board of Directors meet

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman addressed a meeting of the Central Board of...

RBI imposes Rs 43.30 lac penalty on Zoroastrian Co-operative Bank

The Reserve Bank of India (RBI) said on Thursday that it has imposed a monetary penalty of Rs 43.30 lakh on...