Reserve Bank of India
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97.69 pc of Rs 2000 banknotes have been returned: RBI
Mumbai: The RBI said in its currency update on Monday that 97.69 per cent of the Rs 2000 banknotes in circulation have now been returned. “The total value of Rs 2000 banknotes…
- Business
Govt to sell bonds worth Rs 38,000 cr via RBI’s multiple price auction method
New Delhi: The Finance Ministry on Monday announced the sale of Rs 38,000 crore worth of government bonds through the Reserve Bank of India’s new multiple price auction method. These include (i)…
- Photos
Photos: RBI’s 90th year celebration event
Mumbai: Prime Minister Narendra Modi with Maharashtra Governor Ramesh Bais, Union Finance Minister Nirmala Sitharaman, Chief Minister Eknath Shinde, Union Ministers of State for Finance Bhagwat Kishanrao Karad and Pankaj Chaudhary, Deputy…
- News
Facility to exchange, deposit Rs 2000 notes not available on Apr 1: RBI
Mumbai: The facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024 due to operations associated with the annual closing of accounts, the Reserve Bank…
- India
India’s CAD dips to USD 10.5 billion in October-December: RBI
New Delhi: India’s current account deficit declined to USD 10.5 billion or 1.2 per cent of the GDP in October-December quarter from USD 11.4 billion in the previous three months and USD…
- 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…
