Reserve Bank of India
- 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…
- India
Historical trend of repo rate in India: How Indian economy gets impacted
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) today retained the repo rate at 6.5 percent. The historical trend of the repo rate in India shows that it…
- India
RBI retains repo rate at 6.5% for 6th time in a row
Chennai: Not belying the expectations of senior economists, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 per cent. The repo rate is the rate…
- News
Paytm shares rebound after three days of heavy fall
New Delhi: Shares of One97 Communications Ltd, which owns the Paytm brand, rebounded on Tuesday after three days of sharp fall. The stock jumped 7.79 per cent to Rs 472.50 during the…
- Business
RBI likely to continue status-quo on short-term lending rate, say experts
Mumbai: Coming close on the heels of the interim budget which maintained the status quo on policy front, the Reserve Bank is likely to continue with the pause on the short-term lending…
- Business
Markets expect RBI to maintain status quo in policy meeting
New Delhi: Domestic markets will focus on the RBI policy meeting in the coming week. With the US Fed and Interim Budget now behind, all eyes will be on RBI’s policy meeting.…
- India
Money laundering concerns and KYC non-compliance led to ban on Paytm Bank by RBI
New Delhi: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led Reserve Bank of India to clamp down on…
