![]() | Digital lending now on RBI’s leashThe central bank said loan disbursals as well as repayments can only executed via the bank accounts of borrowers and regulated entities (banks and NBFCs). |
![]() | India's Forex reserves remain fourth largest globally, says RBI GovernorThe Reserve Bank of India (RBI) on Friday increased the policy repo rate by 50 basis points to 5.4%. |
![]() | Rupee holding up well relative to other currencies: RBIHe highlighted the global grim situation in view of inflationary pressures, tighter external funding situation and financial stability challenges in many countries. |
![]() | Regulations for cryptocurrencies necessary considering their destabilising effect: FM SitharamanRBI Governor Shaktikanta Das called cryptocurrency a “clear danger” in the foreword to the 25th issue of the Financial Stability Report (FSR). |
![]() | RBI imposes Rs 1.68 crore penalty on Ola Financial Services for non-compliance with specific provisionsThe penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by Ola Financial Services. |
![]() | RBI allows global trade settlement in rupeeRBI’s move, analysts say, would make rupee more tradable globally and lessen dependence on US dollar |
![]() | Fintech start-up 1Pay gets RBI's payment aggregator licenceFounded in 2019, 1Pay is backed by ex-Goldman Sachs MD Sanjiv Shah and Sanjay Gaitonde. It is a payment aggregator that also brings transportation, logistics and the banking industry together. |
![]() | RBI imposes Rs 5.72 crore monetary penalty on Federal Bank LimitedThe Reserve Bank of India said that the action is based on the deficiencies in regulatory compliance of the Federal Bank Limited. |
![]() | India's forex reserves fall USD 5.008 billion to USD 588.314 billionThe fall in the foreign exchange reserves was due to a dip in Foreign Currency Assets (FCA), a major component of the overall reserves, and also in the gold reserves. |
![]() | RBI ask banks to test note sorting machines on quarterly basisThe machines should be able to identify and segregate suspected counterfeits and notes which are unfit for circulation. |
![]() | Cryptocurrencies clear danger, says RBI GovernorReserve Bank of India has been flagging concerns about cryptocurrencies, which are seen as a highly speculative asset. |
![]() | Economy on recovery path; inflationary pressure, geopolitical risks warrant careful handling of situation: RBIThe RBI's 25th Financial Stability Report said banks, as well as non-banking financial institutions, have sufficient capital buffers to withstand shocks. |
![]() | India's forex reserves dip by USD 5.9 billion to USD 590.59 billion: RBIIndia's reserve position in the International Monetary Fund dropped by USD 17 million to USD4.968 billion during the week ended June 17, as per the RBI Weekly Statistical Supplement. |
![]() | RBI extends deadline for complying with card tokenisation norms to September 30The basic purpose of tokenisation is to increase and improve customer safety. With tokenisation, storage of card details is limited. |
![]() | Monetary policy actions likely to be more moderate than other nations: RBI Deputy GovernorThe government has tasked the RBI to ensure inflation remains at 4 per cent with a two per cent deviation on either side. |
![]() | High inflation weighed on Monetary Policy Committee members as RBI raised rate: MinutesThe MPC comprises the RBI Governor, two central bank officials, and three independent members nominated by the government. |
![]() | RBI stops non-bank prepaid payment issuers from loading wallets, cards via credit linesPPIs are instruments that facilitate purchase of goods and services, financial services, and remittance facilities, against the value stored therein. |
![]() | RBI’s Payments Vision 2025 document will make financial inclusion a reality, say expertsOver 26 crore digital payment transactions are processed daily by payment systems, of which UPI system itself processes more than two-thirds, said RBI. |
![]() | Subsidies offered by TS rose 20 per cent YoY: RBITelangana is one among the top five states in the country, which witnessed the ‘largest rise’ in subsidies in the last three years. |
![]() | CVC-constituted panel ABBFF gives advice on 84 bank fraud casesThe idea to establish ABBFF was to remove the fear of witch-hunting and actions based on hindsight, among officials of public sector banks. |
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