Search For "reserve bank"
97.6 pcs of Rs 2000 banknotes returned by Feb 29: RBI
Updated : 2 years ago IST
"The facility for deposit and/or exchange of the Rs 2000 banknotes was available at all bank branches in the country up to October 07, 2023. The facility for the exchange of the Rs2000 banknotes has been available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices) since May 19,
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Robust 8.4 pc GDP growth in Q3 shows strength of Indian economy: PM Modi
Updated : 2 years ago IST
Prime Minister Narendra Modi has said the robust 8.4 per cent GDP growth in the third quarter of 2023-24 shows the strength of the Indian economy and also its potential and the government will continue its efforts for fast economic growth to create 'Viksit Bharat'
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RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Cooperati
Updated : 2 years ago IST
The Reserve Bank of India (RBI) has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank Limited, Sumerpur, Pali, Rajasthan. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 28, 2024.
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RBI imposes monetary penalty on State Bank of India, Canara Bank
Updated : 2 years ago IST
The Reserve Bank of India (RBI) has imposed a monetary penalty on State Bank of India and Canara Bank under relevant section of the Banking Regulation Act.
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Paytm UPI handles can continue after migration to other banks: RBI clarifi
Updated : 2 years ago IST
The Reserve Bank of India (RBI) on Friday directed the UPI watchdog, the National Payments Corporation of India (NPCI) to examine the request of One97 Communication Ltd (OCL) to become a Third-Party Application Provider (TPAP) for the UPI channel for continued UPI operation of the Paytm app.
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India Ratings expects GDP to grow 6.5% next financial year, lower than gov
Updated : 2 years ago IST
India Ratings and Research (Ind-Ra) expects the economy to grow at 6.5 per cent in the financial year 2024-25, 50 basis points lower than what was projected by the central government and the Reserve Bank of India (RBI) at its recent policy review.
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Morgan Stanley expects shallow repo rate cut from June policy meeting
Updated : 2 years ago IST
Morgan Stanley expects the Reserve Bank of India to start cutting rates from June 2024, with both retail and wholesale inflation figures remaining at a manageable level.
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India's forex reserves decline USD 5.2 billion to come off 1-month high
Updated : 2 years, 1 month ago IST
India's foreign exchange reserves declined by USD 5.240 billion to USD 617.230 billion in the week that ended on February 9, 2024, thereby coming off a month high it hit the prior week, the latest data released by the Reserve Bank of India showed.
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Paytm QR, Soundbox, Card machines to work beyond March 15, says company in
Updated : 2 years, 1 month ago IST
Fintech giant Paytm in its filing with the NSE and BSE on Friday confirmed that the Paytm app, including its Made-in-India All-in-One QR Code, Soundbox, and Card Machine, will continue to operate seamlessly even after March 15, 2024.
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Paytm QR, Soundbox and EDC to continue to work, says RBI as it issues FAQs
Updated : 2 years, 1 month ago IST
The Reserve Bank of India on Friday gave a 15-day relaxation to Paytm payments bank on accepting deposits. The last date will now be March 15 from the earlier date of February 29.
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RBI gives 15 days relaxation to Paytm Payments bank, says Paytm QR, soundb
Updated : 2 years, 1 month ago IST
"Keeping in view the interest of customers (including merchants) of PPBL who may require a little more time to make alternative arrangements and the larger public interest, the following Directions are issued by the Reserve Bank of India under section 35A of the Banking Regulation Act, 19
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USISPF Welcomes Arvind Krishna, Chairman and Chief Executive Officer at IB
Updated : 2 years, 1 month ago IST
Washington [US], February 16: The US-India Strategic Partnership Forum (USISPF) is delighted to welcome Arvind Krishna, the Chairman and Chief Executive Officer of IBM to the Board of Directors.
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