March 05, 2024 04:27 (IST)
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France becomes first country to make abortion a constitutional right | PM Modi meets actress Vyjayanthimala in Chennai | Supreme Court asks AAP to vacate headquarters in land encroachment case | PM means 'elder brother,' Telangana CM Revanth Reddy says amid BJP's 'Modi ka Parivar' campaign | SBI urges Supreme Court to extend deadline for providing electoral bonds info

NEFT witnesses highest ever daily transaction on Feb 29

Mumbai: The Reserve Bank of India (RBI) announced on Friday that the National Electronic Funds Transfer (NEFT) recorded its highest-ever daily transaction volume of Rs 4.10 crore on February 29, 2024.

RBI revises norms related to Regulatory Sandbox scheme

Mumbai: The Reserve Bank of India Wednesday made some adjustments to the guidelines for the Regulatory Sandbox (RS) program.

Vijay Shekhar Sharma steps down from Paytm payments bank board amid crisis

Paytm Monday informed that Vijay Shekhar Sharma would step down as non-executive chairman and board member of its payments bank's unit.

Paytm installations plunge after RBI restrictions

Mumbai: The daily installations of the Paytm app have fallen drastically following regulatory restrictions placed on Paytm Payments Bank (PPBL) by the Reserve Bank of India, media reported.

RBI Bulletin says India's H1FY24 growth momentum to persist in H2

Mumbai: The Reserve Bank of India's (RBI) monthly bulletin indicates that the growth momentum of the Indian economy observed in the first half of the current financial year is expected to continue into the second half.

Finance Minister Nirmala Sitharaman to meet fintech companies amid Paytm fiasco

New Delhi: Finance Minister Nirmala Sitharaman has decided to hold a meeting with heads of financial technology companies next week to urge them to adhere strictly to regulatory guidelines, media reports said.

RBI releases 30 FAQs for Paytm Payments Bank account holders: Read the full text

The Reserve Bank of India (RBI) released a set of frequently asked questions (FAQs) on February 16 specifically addressing bank account holders of Paytm Payments Bank. Below is the complete text of the FAQs:

Paytm transfers nodal account to Paytm Payments Bank to Axis Bank

Mumbai: One97 Communications, the parent company of Paytm, has transferred its nodal account from Paytm Payments Bank to Axis Bank.

No relief for Paytm Payments Bank; RBI only extends deadline for imposing curbs

Mumbai: The Reserve Bank of India (RBI) on Friday extended the deadline for Paytm Payments Bank Ltd (PPBL) to cease accepting new deposits and conducting credit transactions.

Paytm restrictions imposed after thorough consideration, no roll back: RBI Governor

Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.

ED starts investigation into Paytm Payments Bank after RBI's restrictions on business: Report

Mumbai: The Enforcement Directorate (ED) began its investigation into Paytm Payments Bank on Wednesday, CNBC-TV18 reported citing sources.

RBI calls on banks to remain vigilant against accumulation of risks

Mumbai: RBI Governor Shaktikanta Das cautioned banks about the accumulation of risks within the banking system during a meeting with CEOs. He underscored the importance of remaining vigilant and avoiding complacency, stressing that banks must stay alert to potential risks, media reports said.

Key drivers of Indian and global market performance: A week in review

Mumbai: This week's market update delves into the latest developments at both domestic and international markets and trends from February 03, 2024, to February 09, 2024, which drove investor sentiment.

Hit by RBI restrictions, Paytm to set up advisory committee headed by ex-SEBI Chairman M Damodaran

Mumbai: One97 Communications, the fintech company that owns the Paytm brand, revealed on Friday that it would set up an advisory committee led by former SEBI Chairman M Damodaran, media reported.

Market experts divided on RBI's choice to maintain key policy rate

New Delhi: As widely anticipated by financial markets and policy observers, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) opted to maintain the policy repo rate at its current level of 6.50 percent during its meeting on Thursday.