Search For "reserve bank"
India's forex exchange reserves at over two-year high
Updated : 2 years ago IST
The foreign exchange kitty rose for a third straight week to hit an over two-year high.
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Paytm Payments bank advises customers to close FASTag accounts, answers cu
Updated : 2 years 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 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 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 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 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 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 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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Moody's signals improving private investment outlook with rising capacity
Updated : 2 years ago IST
The latest report from Moody's Analytics reveals promising forecasts for India's economic growth trajectory, attributing it to various factors including government capital spending, manufacturing activity, and resilient consumption demand.
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India-Nepal enhance financial cooperation; digital payment to be inaugurat
Updated : 2 years ago IST
Nepali Ambassador to India, Shankar Sharma, appreciated the new guidelines of the Reserve Bank of India, which allow multiple financial services between the citizens of India and Nepal.
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NEFT records a high of over 4 crore single-day transactions
Updated : 2 years ago IST
The National Electronic Funds Transfer (NEFT) system has achieved a milestone by processing over 4 crore transactions, the highest number of transactions processed in a day so far.
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India's foreign exchange reserves rose by USD 2.98 billion, shows latest R
Updated : 2 years ago IST
India's foreign exchange reserves rose by USD 2.975 billion to USD 619.072 billion in the week that ended on February 23, as per the latest data released by the Reserve Bank of India (RBI).
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