Reserve assets rose by USD 34.8 bn

According to Reserve Bank of India, this dip in net claims is primarily attributed to a substantial surge in...

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...

RBI offices to remain open for greater convenience of taxpayers

In a statement on special measures for the current financial year (2023-24) and in the wake of the annual closing of...

Government requests all agency banks to remain open on Sunday

According to Reserve bank of India, this decision comes with the objective of ensuring that all government...

Paytm Payments bank advises customers to close FASTag accounts

According to Paytm's frequently asked questions (FAQ), while this directive may raise concerns among account...

JMFL barred from accepting new public debt issues as lead manager

The Securities and Exchange Board of India (SEBI) has banned JM Financial from accepting new mandates as a lead...

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...

RBI directs card issuers to offer choice among card networks

According to a press release, the central bank prohibited card issuers from entering into agreements with card...

RBI bars JM Financial Products from lending against shares, bonds

According to RBI, the action was necessitated due to certain serious deficiencies observed in respect of loans...

Reserve Bank bars IIFL Finance from sanctioning new gold loans

The Reserve Bank of India has directed IIFL Finance Ltd. (the company) to stop sanctioning or disbursing gold loans...

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...