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Rising global debt is a concern, significant spillover risks for Emerging
Updated : 1 year, 6 months ago IST
The Reserve Bank of India Governor Shaktikanta Das cautioned the world on the rising global debt, which has surged to a staggering USD 315 trillion, equivalent to 333 per cent of global GDP in 2024.
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FATF working on enhanced disclosures for credit card and online transactio
Updated : 1 year, 6 months ago IST
The Financial Action Task Force (FATF), the global watchdog for money laundering and terror financing, is considering enhanced disclosures for global credit card transactions and online payment gateways to curb illicit activities, according to government sources.
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PayGlocal gets RBI nod to operate as an online merchant payments company
Updated : 1 year, 6 months ago IST
Bengaluru (Karnataka) [India], September 10: PayGlocal, a leading cross-border payment solutions provider, is thrilled to announce that it has received final authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. This significant milestone allows PayGl
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Deposit growth in India expected to slow to 11.2 pc YoY in 2025: Report
Updated : 1 year, 6 months ago IST
The deposit growth in the country will decelerate to 11.2 per cent YoY in fiscal year 2025, as banks face slower mobilisation of new deposits, highlights a report by B&K Securities.
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RBI imposes penalties on three housing finance companies for non-complianc
Updated : 1 year, 6 months ago IST
The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies for non-compliance with directions of RBI on housing finance companies.
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India's foreign exchange reserves continue to rise hitting fresh high of U
Updated : 1 year, 6 months ago IST
The reserves have been on an upward trend for some time. In 2024 alone, they have risen by over USD 60 billion cumulatively. This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks.
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India's SM REITs market value likely to exceed USD 60 billion by 2026: Rep
Updated : 1 year, 6 months ago IST
The forecast reflects a growing interest in SM REITs, which are expected to play a key role in shaping the future of India's commercial real estate landscape
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RBI board reviews global and domestic economic scenario, outlook
Updated : 1 year, 6 months ago IST
The Board also reviewed various areas of operations of the Reserve Bank of India, including the functioning of Local Boards and activities of select Central Office Departments.
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Role of finance indisputable in shaping India's growth story: RBI Deputy G
Updated : 1 year, 6 months ago IST
The role of finance in shaping and reshaping India's future is indisputable as there is a deep nexus between finance and growth, Michael D Patra, Deputy Governor, Reserve Bank of India (RBI), said.
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Chennai based Fintech Paysharp has received final authorisation from the R
Updated : 1 year, 6 months ago IST
New Delhi [India], September 2: Paysharp is an existing PA, which received RBI final authorisation on 30th August 2024 Friday followed by the in-principal PA license on December 2022. Paysharp is a 5 years old startup, raised two rounds of funding sum of 23 crores, last funding round was on
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Loan sanctioning goes digital, but recovery still needs 'Feet on the Stree
Updated : 1 year, 6 months ago IST
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
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India's foreign exchange reserve touches fresh high of USD 681.7 billion
Updated : 1 year, 6 months ago IST
India's foreign exchange reserves increased by USD 7.023 billion, reaching a fresh record high of USD 681.688 billion, during the week that ended on August 23, according to data released by the Reserve Bank of India.
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