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.
RBI keeps repo rate unchanged at 6.5%, pegs FY25 GDP growth at 7 percent
Mumbai/UNI: As widely expected by markets and policy-watchers, the Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) on Thursday decided to keep the policy repo rate unchanged at 6.50 per cent.
RBI likely to keep policy repo rate unchanged in the next MPC meet: Quantum AMC
Mumbai: The Reserve Bank of India (RBI) is likely to keep the policy repo rate unchanged in the upcoming monetary policy review meet, according to Quantum Asset Management.
Mumbai: The recent measures enacted by the Reserve Bank of India (RBI) concerning Paytm Payments Bank serve the interest of consumers and the broader Indian economy, according to Financial Services Secretary Vivek Joshi.
Amid crisis after RBI restrictions, Paytm founder meets Nirmala Sitharaman
New Delhi: Paytm founder and CEO Vijay Shekhar Sharma on Tuesday met Finance Minister Nirmala Sitharaman amid the crisis in the company's banking arm, following Reserve Bank of India’s (RBI), media reports said, citing sources.