All agency banks to remain open for public on March 31: RBI
New Delhi: All banks dealing with government receipts and payments will remain open on Sunday, March 31, to account for all the transactions in the financial year 2023-24.
Persistently high food prices hindering drop in inflation to 4%: RBI Bulletin
New Delhi: Food price pressures are hindering a more rapid decline in retail inflation towards the Reserve Bank's target of 4 percent, according to an article in the central bank's March Bulletin.
Paytm Payments Bank likely to lay off employees amid uncertainty after RBI restrictions: Report
Mumbai: Paytm Payments Bank Limited (PPBL) may cut down its workforce by around 20 percent due to uncertainty about the bank's future, Reuters reported.
Paytm FASTag users must procure tag from another bank by Mar 15: NHAI
New Delhi: In line with the guidelines issued by the Reserve Bank of India (RBI) regarding restriction on Paytm Payments Bank Limited, the NHAI on Wednesday advised Paytm FASTag users to procure new FASTag before March 15, 2024.
NPCI likely to grant TRAP licencse to Paytm: Report
New Delhi: The National Payments Corp of India (NPCI) is expected to grant a third-party application provider (TPAP) license to Paytm, previously known as One 97 Communications, by March 15, media reports said.
India's forex reserves grow by $6.55 billion to $625.626 billion: RBI data
New Delhi: India's foreign exchange reserves surged by $6.55 billion to reach $625.626 billion for the week ending March 1, according to data released by the Reserve Bank of India announced on Friday.
RBI, Bank Indonesia sign MoU to promote local currencies for bilateral transactions
New Delhi: The Reserve Bank of India (RBI) and the Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding (MoU) for establishing a framework to promote the use of local currencies for cross-border transactions.
85% of Paytm wallet won't face interruptions due to regulatory actions: RBI Governor
New Delhi: Around 80-85% of Paytm wallet users will not face any interruptions due to regulatory actions, RBI Governor Shaktikanta Das stated on Wednesday.
India's FY24 GDP growth rate could near 8%: RBI Governor Shaktikanta Das
New Delhi: The Indian economy's GDP growth for the current fiscal year ending in March might be close to 8%, Reserve Bank of India (RBI) governor Shaktikanta Das said in an interview with ET Now on Wednesday.
RBI prohibits JM Financial Products from financing against shares and debentures
Mumbai: The Reserve Bank of India (RBI) on Tuesday said that JM Financial Products Ltd is barred from offering any type of financing involving shares and debentures, including granting loans against initial public offerings, effective immediately, media reports said.
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.