Search For "the reserve bank of india"
India's foreign exchange reserves rose by USD 2.98 billion, shows latest R
Updated : 2 years, 4 months 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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RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Cooperati
Updated : 2 years, 4 months 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, 4 months 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, 4 months 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, 4 months 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, 4 months 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, 4 months 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 and EDC to continue to work, says RBI as it issues FAQs
Updated : 2 years, 4 months 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, 4 months 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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RBI asks card network to restrain unauthorised commercial payment system
Updated : 2 years, 4 months ago IST
The Reserve Bank of India on Thursday restrained a card network, that had an arrangement to enable businesses to make card payments through certain intermediaries, to entities that do not accept card payments.
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Sitharaman addresses RBI directors, discusses thrust areas of Union Budget
Updated : 2 years, 5 months ago IST
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman addressed a meeting of the Central Board of Directors of the Reserve Bank of India (RBI) on Monday and discussed the thrust areas of the Union Budget.
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India's forex reserves at 1-month high of USD 622.47 billion
Updated : 2 years, 5 months ago IST
India's foreign exchange reserves rose by USD 5.736 billion to USD 622.469 billion in the week that ended on February 2, 2024, the latest data released by the Reserve Bank of India showed.
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