Sensex jumps over 600 pts, Nifty reaches 17,000 mark; Kotak Bank gains by 3.35%
Mumbai/UNI: The BSE Sensex on Tuesday rallied 621 pts at 57,368.33 in the opening session, as buying was seen across the board.
Govt will not ban but regulate all private cryptocurrencies: Report
New Delhi/IBNS: The government has suggested regulating rather than banning the private cryptocurrency while maintaining that it will not be recognised as a legal tender in India.
RBI supersedes Reliance Capital board, appoints administrator
New Delhi/UNI: The Reserve Bank of India (RBI) Monday superseded the Board of Directors of Reliance Capital Ltd (RCL), in view of the defaults by the company in meeting various payment obligations to its creditors and serious governance concerns.
Crypto markets fall as govt readies to pass bill to bar pvt cryptocurrencies
New Delhi/IBNS: The crypto markets fell sharply in India after the news of the government introducing a Bill to prohibit all private cryptocurrencies in the Parliament, leaving a few in order to "promote the underlying technology of cryptocurrency and its uses".
RBI panel suggests separate law to prevent illegal digital lending activities
Mumbai/IBNS: A Working Group formed by the Reserve Bank of India (RBI) has made several recommendations, including separate laws to stop illegal digital lending activities, verification of digital lending apps by a nodal agency and establishing a self-regulatory organisation (SRO) covering the participants in the digital lending ecosystem.
RBL Bank authorised by RBI to Collect Direct Taxes
Mumbai/IBNS: RBL Bank has been authorised by the Reserve Bank of India (RBI), based on a recommendation from the Controller General of Accounts, Ministry of Finance and Government of India (GoI), to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT).
Govt may permit crypto as an asset, not as currency: Report
New Delhi/IBNS: The government is currently in the process of framing laws on cryptocurrency after concerns were raised over unregulated crypto markets and how they can be prevented from becoming avenues for money laundering and terror financing. The new laws may not allow the use of cryptocurrencies to settle transactions or make payments but may allow people to hold them as assets like shares, gold or bonds, ET reported citing sources.
Far deeper issues involved in cryptocurrency, RBI has serious concerns: Shaktikanta Das
Mumbai/IBNS: Reserve Bank of India (RBI) Governor Shatikanta Das has reiterated that it has serious concerns over cryptocurrency as "far deeper" issues are involved amid reports that the Centre is likely to table a cryptocurrency bill in the upcoming winter session of Parliament.
PM Modi launches RBI scheme to allow retail investors directly buy govt securities
New Delhi/UNI: Providing salaried class, pensioners and retail investors direct access to the government securities market, Prime Minister Narendra Modi on Friday launched the Reserve Bank of India (RBI)'s Retail Direct Scheme.
Bandhan Bank appointed as RBI’s Agency Bank
Kolkata/UNI: The Reserve Bank of India (RBI) has authorised Bandhan Bank as its Agency Bank for undertaking government business.
RBI allows banks to open current account for customers availing credit from other banks
Mumbai/IBNS: The Reserve Bank of India (RBI) has allowed banks to open current accounts for borrowers who have availed credit facilities in the form of cash credit (CC)/ overdraft (OD) from the banking system.
Tenure of RBI Guv Shaktikanta Das extended by three years
New Delhi: The Indian government on Thursday extended the tenure of Reserve Bank of India Governor Shaktikanta Das by another three years.
RBI monetary penalty on two co-operative banks
Mumbai/IBNS: Reserve Bank of India (RBI) on Tuesday imposed monetary penalty on two cooperative banks for not complying with its various rule violations.
RBI imposes Rs 1 cr penalty on Paytm Payments Bank
Mumbai/IBNS: The Reserve Bank of India (RBI) Wednesday imposed a monetary penalty of Rs one crore on Paytm Payments Bank Limited (PPBL) for violating certain norms.
RBI to geotag payments to increase the reach of digital payments
Mumbai/IBNS: The Reserve Bank of India on Friday (October 8) introduced geotagging of payments system to improve the payment acceptance infrastructure.