Search For "reserve bank of india"
RBI is working on expanding UPI to 20 countries by 2028-29: RBI Annual Rep
Updated : 2 years ago IST
The Reserve Bank of India (RBI) along with NPCI international payments ltd (NIPL) will work towards taking UPI to 20 countries by FY29. RBI Annual report says possibilities will be explored for increasing the global footprints of UPI and RuPay.
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RBI projects real GDP growth for 2024-25 at 7.0 per cent
Updated : 2 years, 1 month ago IST
Despite subdued global economic activity and multiple headwinds, the Indian economy expanded impressively, with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the previous year - the third successive year of 7 per cent or above growth, the RBI highlighted in its annual rep
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Financial frauds declined by 46.7 per cent during 2023-24: RBI annual repo
Updated : 2 years, 1 month ago IST
The Reserve Bank of India (RBI) in its annual report released on Thursday has noted a 46.7 per cent decline in the amount (value) of frauds reported in 2023-24 compared to the previous year
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RBI finalizes framework for recognizing self-regulatory organizations in t
Updated : 2 years, 1 month ago IST
According to RBI, this initiative, initially introduced as a draft on January 15, 2024, has now been refined based on feedback from various stakeholders.
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RBI's dividend transfers to ease near-term deposit accretion woes; Medium-
Updated : 2 years, 1 month ago IST
This transfer, coupled with the subsequent government spending, will bolster the central government's fiscal position, enabling potential additional spending or fiscal consolidation.
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Government's thrust on capex, fiscal consolidation paint bright picture fo
Updated : 2 years, 1 month ago IST
he outlook for the Indian economy remains bright, backed by a sustained strengthening of various macroeconomic fundamentals, robust financial and corporate sectors, said Reserve Bank of India in its annual report published on Thursday.
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Faced with RBI scrutiny, ECL Finance and Edelweiss Asset Reconstruction Co
Updated : 2 years, 1 month ago IST
Both ECL Finance and Edelweiss Asset Reconstruction Company, upon which RBI put certain restrictions on Wednesday, asserted that there won't be any material impact on the companies arising out of these orders.
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RBI imposes business restrictions on ECL Finance Limited, Edelweiss Asset
Updated : 2 years, 1 month ago IST
This decisive action comes in response to supervisory concerns identified during recent examinations, as per RBI release.
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Asset Reconstruction Companies not working as per their mandate to reconst
Updated : 2 years, 1 month ago IST
The Reserve Bank of India raised alarm on the functioning of the Asset Reconstruction Companies (ARCs) by highlighting that the ARCs not working as per their mandate to reconstruct and recover the assets
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RBI unveils PRAVAAH portal, retail direct app, and fintech repository for
Updated : 2 years, 1 month ago IST
The PRAVAAH (Platform for Regulatory Application, Validation and Authorisation) portal will allow any individual or entity to easily apply online for various regulatory approvals, the RBI said in a notification.
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RBI imposes monetary penalty on Yes Bank and ICICI Bank
Updated : 2 years, 1 month ago IST
The Reserve Bank of India (RBI) has imposed monetary penalty on Yes Bank and ICICI Bank for non-compliances with certain directions issued by it.
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Faced with RBI audit, IIFL Finance delays Board meet for earnings release
Updated : 2 years, 1 month ago IST
In early March this year, RBI directed IIFL Finance to stop sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.
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