Reserve Bank of India
- News
RBI directs all Agency Banks to remain open on March 31
Mumbai: The Reserve Bank of India (RBI) on Wednesday issued an order for all branches of banks dealing with government receipts and payments to remain open on March 31, which is a…
- Business
India’s forex reserves scale two-year high of $636.1 billion
Mumbai: India’s foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March 8, the latest data released by the RBI…
- Business
Paytm Payments Bank ban: Key changes come into effect post March 15
New Delhi: As the Reserve Bank of India’s (RBI) deadline to ban Paytm Payments Bank Limited (PPBL) ends on Friday, here are key changes for millions of Paytm users and merchants that…
- Business
RBI slaps fines on Bank of India & Bandhan Bank for breach of rules
Mumbai: The Reserve Bank of India (RBI) has imposed fines on Bank of India and Bandhan Bank for breach of rules, the central bank said on Wednesday. A penalty of Rs 1,40,76,000…
- News
RBI restricts IIFL finance from gold loans due to supervisory concerns
Mumbai: The Reserve Bank of India on Monday, March 4 barred IIFL Finance with immediate effect from sanctioning or disbursing gold loans after certain material supervisory concerns were observed in its gold…
- India
Rs 8470 cr worth of Rs 2000 notes still with public: RBI
Mumbai: The Reserve Bank of India (RBI) on Friday said nearly 97.62 per cent of the Rs 2000 bank notes have returned to the banking system, and only about Rs 8,470 crore…
- News
Paytm, PPBL discontinue inter-company agreements before RBI deadline
New Delhi: One 97 Communications Ltd, the parent company of Paytm, and Paytm Payments Bank Limited (PPBL) on Friday announced to discontinue various inter-company agreements, as the Reserve Bank of India (RBI)…
- Business
Paytm, Paytm Payments Bank to discontinue inter-company pacts
New Delhi: Amid RBI’s action on its associate firm, One 97 Communications on Friday said the board has approved the discontinuation of inter-company pacts with Paytm Payments Bank to reduce dependencies. The…
- Business
RBI action on Paytm Bank has drawn fintechs’ attention to compliance: Chandrasekhar
New Delhi: The Reserve Bank’s regulatory action on Paytm Payments Bank has drawn the attention of fintech firms to the importance of complying with laws, Union Minister Rajeev Chandrasekhar has said. The…
- India
Paytm takes Axis Bank’s help for QR, Soundbox & card machine functioning
New Delhi: Fintech firm One97 Communications — owner of the brand Paytm — has shifted its nodal account to Axis Bank from Paytm Payments Bank. The move will allow continuity of Paytm…
- India
Paytm Payments Bank: RBI extends deadline till Mar 15 to stop transactions
Mumbai: The RBI on Friday gave 15 days more till March 15, 2024 to Paytm Payments Bank Ltd (PPBL) to stop deposits, credit transactions or top-ups in any customer accounts, wallets, and…
- Business
RBI asks a card network to halt unauthorised commercial payment arrangement
Mumbai: The Reserve Bank on Thursday restrained a card network which enabled businesses to make card payments through certain intermediaries to entities that do not accept card payments, as the activity was…
- India
First repo rate cut by RBI expected only in 3QFY25, say analysts
New Delhi: India’s January CPI inflation moderated to 5.1 per cent, in line with expectations, while core inflation remained subdued at 3.5 per cent. The inflation trajectory has begun softening although the…
- Stock Market
Small and mid-cap stocks come under selling pressure
New Delhi: Small and mid-cap indices slumped on Friday in a broad based selling while the bluechip Sensex was flat. PSU stocks were also down across the board as the broader market…
- Business
Rupee settles flat at 82.96 after RBI monetary policy decision
Mumbai: The rupee settled on a flat note at 82.96 against the US dollar on Thursday, after the Reserve Bank decided to keep the key policy rate unchanged for the sixth time…