India's foreign exchange reserves rose by USD 2.98 billion

India's foreign exchange reserves rose by USD 2.975 billion to USD 619.072 billion in the week that ended on...

Rajasthan's Sumerpur Mercantile Urban Coop Bank licence cancelled

The Reserve Bank of India (RBI) has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank Limited,...

RBI imposes monetary penalty on State Bank of India, Canara Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty on State Bank of India and Canara Bank under...

Paytm UPI handles can continue after migration to other banks

The Reserve Bank of India (RBI) on Friday directed the UPI watchdog, the National Payments Corporation of India...

India Ratings expects GDP to grow 6.5% next financial year

India Ratings and Research (Ind-Ra) expects the economy to grow at 6.5 per cent in the financial year 2024-25, 50...

Morgan Stanley expects shallow repo rate cut from June

Morgan Stanley expects the Reserve Bank of India to start cutting rates from June 2024, with both retail and...

Forex reserves decline USD 5.2 billion to come off 1-month high

India's foreign exchange reserves declined by USD 5.240 billion to USD 617.230 billion in the week that ended on...

Paytm QR, Soundbox and EDC to continue to work, says RBI

The Reserve Bank of India on Friday gave a 15-day relaxation to Paytm payments bank on accepting deposits. The...

RBI gives 15-day relaxation to Paytm Payments bank

"Keeping in view the interest of customers (including merchants) of PPBL who may require a little more time to...

RBI asks card network to restrain unauthorised commercial payment

The Reserve Bank of India on Thursday restrained a card network, that had an arrangement to enable businesses to...

FM addresses 606th RBI Central Board of Directors meet

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman addressed a meeting of the Central Board of...

India's forex reserves at 1-month high of USD 622.47 billion

India's foreign exchange reserves rose by USD 5.736 billion to USD 622.469 billion in the week that ended on...