The central bank said this penalty had been imposed in exercise of powers vested in RBI conferred under Banking Regulation Act, 1949, according to a statement of the central bank released on Monday.
According to a statement from RBI, the pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants. The eRs-R would be in the form of a digital token that represents legal tender.
Water scarcity would be a major challenge for the Central Reserve Police Force (CRPF) and Jharkhand Jaguar police in the next two-three months on 'Burha Pahar' naxal bastion- a 55 square km hilly range which was captured by the forces in September this year for the first time in 32 decade
The important milestones and achievements of RBI, Jammu was highlighted in the video. A memoir of RBI Jammu's journey during these 60 years was also unveiled by the chief secretary.
He was arrested in a case related to allegedly obstructing a public servant from discharging his duty and manhandling in Shaheen Bagh area, and was remanded to judicial custody.
Speaking after inaugurating the Constitution Day, organised by RBI SC/ST Employees Association here on Monday, he said RBI has a rich history and it has been controlling the country's banking system from the pre-Independence period, as well as the nation's economy.
As the Reserve Bank of India (RBI) directed Paytm Payment Services Limited, a subsidiary of Paytm, to reapply for a payment aggregator license in 120 days, analysts have said that the move will not have any impact on Paytm and they believe the company will deliver robust growth.
Islamabad's foreign exchange crisis has worsened as reserves have been depleted to a critical low of USD 8 billion, compared to over USD 20 billion in August 2021, undermining the country's ability to make international payments.
Central Reserve Police Force (CRPF) Commandant MK Khan on Saturday divulged that operation 'Sweep Clean', launched by security forces at Naxals bastion of 'Burha Pahar' in Jharkhand was called off due to heavy rainfall before launching operation 'Octopus', which successfully overpowered N
Two jawans of the Indian Reserve Battalion (IRB) were shot dead and two sustained gun injuries after their colleague open fire, following a brawl, at them near Gujarat's Porbandar, where they were deployed for poll duty ahead of next month's Assembly polls.
'Burha Pahar', which touches Chhattisgarh's Balrampur and Latehar as well as Jharkhand's Garhwa districts, was captured in a joint operation of Central Reserve Police Force (CRPF) general duty battalions, its Naxal specialised wing CoBRA, Jharkhand Police and Jharkhand Jaguar-- a special
The fintech company said that it has received a letter from the Reserve Bank of India in response to an application from its subsidiary for the authorization to provide payment aggregator services for online merchants.