The meeting will be inaugurated by Union agriculture minister Narendra Singh Tomar and food processing industries minister Pashupati Kumar Paras. The discussions during the two-day meeting will be jointly steered by the Ministry of Finance and the Reserve Bank of India along with France and
Paytm Payments Bank Limited (PPBL) received final approval from the Reserve Bank of India to operate as Bharat Bill Payment System services under the Payment and Settlement Systems Act, 2007, said a press release on Monday.
The Reserve Bank of India (RBl) has imposed a monetary penalty on five cooperative banks for some contravention or for non-compliance with varied central bank directions.
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,390,000 on Mynd Solutions Private Limited (the entity) for not complying with the Guidelines on Trade Receivables Discounting System (TReDS).
The consolidated balance sheet of scheduled commercial banks (SCBs) has registered double-digit growth in 2021-22, after a gap of seven years, said the Reserve Bank of India.
Digital payments services platform Worldline ePayments India on Wednesday said it has received in-principle approval from the Reserve Bank of India to act as a payment aggregator (PA).
Inflation in India has moderated recently but it is "certainly not out", said the Reserve Bank of India's monthly bulletin released on Tuesday, adding that the price rise has "broadened and become stubborn".
Union finance minister Nirmala Sitharaman on Friday, while participating in the Zero Hour session in the Rajya Sabha, said the Reserve Bank of India and various central government ministries are making efforts to ensure people are not cheated by "dubious" Chinese loan apps.
The Reserve Bank of India has suggested that fintech solutions firm Razorpay temporarily pause onboarding fresh merchants and the central bank has asked it to share additional details for the finalization of the payment aggregator and payment gateway licensing.
While talking with Congress leader Rahul Gandhi, the former governor of the Reserve Bank of India said, "India is also going to be hit. India's interest rates have also gone up but Indian exports have been slowing quite a bit."