Search For "reserve bank of india"
Reserve assets rose by USD 34.8 bn, net claims of NRI decreased by USD 12.
Updated : 2 years, 3 months ago IST
According to Reserve Bank of India, this dip in net claims is primarily attributed to a substantial surge in Indian residents' overseas financial assets, amounting to USD 40.7 billion, outpacing the increase in foreign-owned assets within India, which stood at USD 28.5 billion.
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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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RBI offices to remain open for greater convenience of taxpayers on March 3
Updated : 2 years, 3 months ago IST
In a statement on special measures for the current financial year (2023-24) and in the wake of the annual closing of government accounts, the Reserve Bank said that electronic transactions can be done till the stipulated time on both days (March 30 and March 31).
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Government requests all agency banks to remain open for public on March 31
Updated : 2 years, 3 months ago IST
According to Reserve bank of India, this decision comes with the objective of ensuring that all government transactions related to receipts and payments for the fiscal year 2023-24 are accounted for within the stipulated timeframe.
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Paytm Payments bank advises customers to close FASTag accounts, answers cu
Updated : 2 years, 3 months ago IST
According to Paytm's frequently asked questions (FAQ), while this directive may raise concerns among account holders, it's essential to clarify the implications and reassure customers about the safety of their funds.
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SEBI bars JM Financial from accepting new public debt issues as lead manag
Updated : 2 years, 3 months ago IST
The Securities and Exchange Board of India (SEBI) has banned JM Financial from accepting new mandates as a lead manager for public issues of debt securities.
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India, Indonesia central banks sign agreement to promote use of local curr
Updated : 2 years, 3 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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RBI directs card issuers to offer choice among card networks, bans restric
Updated : 2 years, 3 months ago IST
According to a press release, the central bank prohibited card issuers from entering into agreements with card networks that restrict them from availing the services of other card networks.
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RBI bars JM Financial Products from lending against shares, bonds
Updated : 2 years, 3 months ago IST
According to RBI, the action was necessitated due to certain serious deficiencies observed in respect of loans sanctioned by the company for IPO financing as well as NCD subscriptions
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Reserve Bank bars IIFL Finance from sanctioning new gold loans
Updated : 2 years, 3 months ago IST
The Reserve Bank of India has directed IIFL Finance Ltd. (the company) to stop sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.
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80pc of digital payments in India happen through UPI: RBI governor
Updated : 2 years, 3 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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