RBI is working on expanding UPI to 20 countries by 2028-29

The Reserve Bank of India (RBI) along with NPCI international payments ltd (NIPL) will work towards taking UPI to 20...

RBI projects real GDP growth for 2024-25 at 7.0 per cent

Despite subdued global economic activity and multiple headwinds, the Indian economy expanded impressively, with real...

Financial frauds declined by 46.7 per cent during 2023-24: RBI

The Reserve Bank of India (RBI) in its annual report released on Thursday has noted a 46.7 per cent decline in the...

RBI finalizes framework for self-regulatory organizations

According to RBI, this initiative, initially introduced as a draft on January 15, 2024, has now been refined based...

RBI’s dividend transfers to ease near-term deposit accretion woes

This transfer, coupled with the subsequent government spending, will bolster the central government's fiscal...

RBI's paints bright picture for Indian economy in 2024

he outlook for the Indian economy remains bright, backed by a sustained strengthening of various macroeconomic...

Faced with RBI scrutiny, both ECL Finance and Edelweiss Asset Rec

Both ECL Finance and Edelweiss Asset Reconstruction Company, upon which RBI put certain restrictions on Wednesday,...

RBI imposes business restrictions on two entities of Edelweiss

This decisive action comes in response to supervisory concerns identified during recent examinations, as per RBI release.

Asset Reconstruction Companies not working as per mandate: RBI

The Reserve Bank of India raised alarm on the functioning of the Asset Reconstruction Companies (ARCs) by...

RBI unveils PRAVAAH portal, retail direct app, fintech repository

The PRAVAAH (Platform for Regulatory Application, Validation and Authorisation) portal will allow any individual or...

RBI imposes monetary penalty on Yes Bank and ICICI Bank

The Reserve Bank of India (RBI) has imposed monetary penalty on Yes Bank and ICICI Bank for non-compliances with...

Faced with RBI audit, IIFL Finance delays earnings release

In early March this year, RBI directed IIFL Finance to stop sanctioning or disbursing gold loans or assigning,...