Reserve Bank of India
- 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…
- Business
Here are reasons behind RBI’s clampdown on Paytm payments bank
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…
- India
RBI issues warning against fraud through KYC trick
Mumbai: The Reserve Bank RBI on Friday, February 2, cautioned the general public against frauds in the name of KYC updation as more incidents are being reported of customers being cheated through…
- Mumbai
97.5% of Rs 2,000 notes returned to banks: RBI report
Mumbai: The Reserve Bank of India (RBI) said on Thursday, February 1, that nearly 97.5 percent of the Rs 2,000 bank notes have been returned to the banking system, and only about…
- India
Paytm shares slump 20 pc; hit lower circuit limit
New Delhi: Shares of One97 Communications Ltd, which owns Paytm brand, plummeted 20 per cent on Thursday as the RBI directed Paytm Payments Bank Ltd (PPBL) to stop accepting deposits or top-ups…
- Business
RBI stops Paytm Payments Bank from accepting deposits after Feb 29
Mumbai: The RBI on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. The Reserve…
- India
Ex-RBI governor Raghuram Rajan meets Uddhav Thackeray in Mumbai
Mumbai: Former RBI Governor Raghuram Rajan has met Shiv Sena (UBT) head and ex-Maharashtra chief minister Uddhav Thackeray at the latter’s residence in Mumbai. The former CM’s son and MLA Aaditya Thackeray…
- News
India needs to focus more on education, healthcare: Raghuram Rajan
Kolkata: Renowned economist and former RBI governor Raghuram Rajan on Friday said India needs to focus more on education and healthcare to become a developed economy by 2047. He highlighted the fact…
- India
RBI ‘mute spectator’, allowing banks to charge high interest rates: Allahabad HC
Prayagraj: The Allahabad High Court has observed that the Reserve Bank of India has been a “mute spectator” while banks are imposing arbitrarily high interest rates on customers despite guidelines issued by…
- India
Facility to exchange/deposit Rs 2,000 notes to remain closed on Jan 22: RBI
Mumbai: The facility to exchange and deposit Rs 2,000 notes will not be available at the Reserve Bank offices on January 22, the day of the consecration of the Ram temple in…
- India
RBI not thinking of moving towards de-dollarisation: Governor Das
Davos: Reserve Bank of India (RBI) Governor Shaktikanta Das said that it is incorrect to say that there was a move towards de-dollarisation as the efforts of the central bank towards internationalisation…
- News
RBI to auction govt bonds worth Rs 33000 crore on Jan 12
New Delhi: The Finance Ministry on Monday announced the sale of three categories of government bonds worth a total of Rs 33,000 crore at an RBI auction scheduled for January 12. These…
- Business
Key UPI transaction changes that come into effect in New Year
New Delhi: The Unified Payments Interface (UPI) rules have gone through some key changes in the New Year to improve online banking and payment transaction experiences. The National Payments Corporation of India…
- India
India’s current account deficit narrows in July-Sept quarter
Mumbai: India’s current account deficit narrowed in the July-September quarter of the current financial year due to a lower merchandise trade deficit and an increase in services exports, the RBI said on…
- Business
India’s forex reserves rise to 4-month high of $606.9bn
Mumbai: India’s foreign exchange reserves rose by $2.816 billion to hit a four-month high of $606.859 billion during the week ended December 8, according to RBI data released on Friday. The increase…
