Reserve Bank Of India (RBI): News
06 Mar 2024
IIFLIIFL Finance plummets 20% for second day: Here's why
IIFL Finance's stock plummeted 20% for the second day in a row after the Reserve Bank of India (RBI) prohibited the company from issuing gold loans.
04 Mar 2024
Unified Payments Interface (UPI)UPI accounts for 80% of digital payments in India: RBI
Shaktikanta Das, Governor of the Reserve Bank of India (RBI) has announced that Unified Payments Interface (UPI) now accounts for nearly 80% of digital payments in India.
04 Mar 2024
PaytmPaytm Payments Bank may lose license for flouting RBI's norms
The Reserve Bank of India (RBI) is reportedly contemplating revoking the banking license of Paytm Payments Bank Limited (PPBL).
02 Mar 2024
PaytmFinance Ministry imposes Rs. 5.49cr fine on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) has slapped Paytm Payments Bank, Paytm's banking division, with a hefty penalty of Rs. 5.49 crore for failing to report illegal monetary transactions through its accounts.
01 Mar 2024
Prevention of Money Laundering Act (PMLA)Paytm Payments Bank fined Rs. 5.49 crore for money laundering
Paytm Payments Bank has been slapped with a Rs. 5.49 crore fine by the Financial Intelligence Unit-India (FIU-IND) for breaching the Prevention of Money Laundering Act (PMLA) obligations.
01 Mar 2024
IndiaOver 97% of Rs. 2,000 notes returned, says RBI
The Reserve Bank of India (RBI) has revealed that over 97% of the Rs. 2,000 notes, which were removed from circulation in May 2023, have been returned.
01 Mar 2024
PaytmPaytm delinked from its payment bank: Here's what it means
The board of directors at Paytm has approved the decision to discontinue inter-company agreements with Paytm Payments Bank Limited (PPBL).
27 Feb 2024
PaytmPaytm shares up 5% again: What's fueling the rally
Paytm's stock saw another 5% boost today following the resignation of its founder, Vijay Shekhar Sharma, as chairperson and board member of crisis-hit Paytm Payments Bank Ltd (PPBL).
26 Feb 2024
PaytmVijay Shekhar Sharma steps down as Paytm Payments Bank chairman
Paytm founder Vijay Shekhar Sharma on Monday resigned as a part-time non-executive chairman of Paytm Payments Bank Limited (PPBL).
26 Feb 2024
PaytmPaytm to restart lending platform operations in India next month
Paytm is gearing up to relaunch its lending platform for digital loans, provided by partner banks and non-banking financial companies (NBFCs) in early March.
26 Feb 2024
NITI AayogBelow 5% Indians living in absolute poverty: NITI Aayog CEO
Less than 5% of Indians now live in absolute poverty, NITI Aayog CEO BVR Subrahmanyam has said, citing the Household Consumption Expenditure Survey (HCES) for 2022-23.
23 Feb 2024
PaytmRBI steps in to maintain UPI continuity for Paytm users
The Reserve Bank of India (RBI) has announced further measures to ensure smooth digital transactions for UPI customers using the '@paytm' handle, after imposing business restrictions on Paytm Payments Bank last month.
21 Feb 2024
FintechWhy RBI is increasing scrutiny of fintech firms
The Reserve Bank of India (RBI) is stepping up its scrutiny of fintech companies by employing analysts to review customer data and holding regular meetings with executives.
20 Feb 2024
PaytmFinance Ministry to meet fintech start-ups amid Paytm crisis
The Finance Ministry is gearing up for a crucial meeting with fintech start-ups next week, in light of the recent actions taken by the Reserve Bank of India (RBI) against Paytm.
16 Feb 2024
PaytmRBI's FAQs for Paytm customers: New deadline and other announcements
The Reserve Bank of India (RBI) has published a set of frequently asked questions (FAQs) to address concerns about Paytm Payments Bank.
14 Feb 2024
PaytmPaytm shares tumble to 52-week low, down 65% from highs
Paytm's stock dropped over 9% again in early trading today, falling below Rs. 350 mark as troubles persist for parent company One97 Communications.
13 Feb 2024
PaytmPaytm shares crash as Macquarie downgrades price to Rs. 275
Paytm shares crashed over 9% today after Macquarie, a global financial services firm, lowered its target price for the fintech giant to Rs. 275.
12 Feb 2024
Consumer Price Index (CPI)India's retail inflation eases to 5.1%, industrial production at 3.8%
Close on the heels of the General Election, India's consumer price index (CPI) or the retail inflation rate dropped to a three-month low of 5.1% in January.
12 Feb 2024
Axis Bank LtdAxis Bank open to working with Paytm if RBI permits
Axis Bank CEO Amitabh Chaudhry has stated that the bank is willing to collaborate with Paytm if the Reserve Bank of India (RBI) grants permission.
12 Feb 2024
PaytmCentre probes Chinese investments in Paytm Payments Services
The Indian government is examining foreign direct investment (FDI) from China in Paytm Payments Services Ltd. (PPSL), a subsidiary of One97 Communications Ltd (OCL).
08 Feb 2024
Shaktikanta DasIndia's Digital Rupee to soon support offline transactions
India's Central Bank Digital Curreny (CBDC), also known as Digital Rupee, will soon support offline transactions so that you can make payments in areas with limited or no internet access, as per the Reserve Bank of India (RBI).
08 Feb 2024
Shaktikanta DasRBI keeps repo rate unchanged at 6.5% over inflation concerns
The Reserve Bank of India (RBI) has decided to keep its key interest repo rate unchanged at 6.5%. It is the rate at which it lends short-term funds to banks.
07 Feb 2024
BusinessRBI grants payment aggregator licenses to Zoho, Juspay, and Decentro
The Reserve Bank of India (RBI) granted final authorization to fintech companies Juspay and Decentro, as well as software-as-a-service firm Zoho, to operate as payment aggregators (PAs).
07 Feb 2024
PaytmPaytm Payments Bank faces uncertain future as RBI denies concessions
There seems to be no respite for Paytm Payments Bank Limited (PPBL) as the Reserve Bank of India (RBI) has denied any concessions, including transferring accounts to other banks or extending the deadline past February 29, 2024.
06 Feb 2024
State Bank of India (SBI)SBI won't raise FD interest rates anytime soon: Here's why
State Bank of India (SBI) chairperson Dinesh Khara has revealed that the bank is unlikely to raise fixed deposit (FD) interest rates in near future.
06 Feb 2024
HDFC BankWhy HDFC Bank is buying stakes in these six banks
The Reserve Bank of India (RBI) has given approval to HDFC Bank to acquire up to 9.5% stakes in six banks.
06 Feb 2024
PaytmStart-up founders urge PM Modi, RBI to reconsider Paytm curbs
At least 12 start-up founders have penned a letter to Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and the Reserve Bank of India (RBI) with regards to crisis at Paytm.
05 Feb 2024
PaytmPaytm shares continue to crash, down 42% in 3 sessions
Paytm's stock has taken a significant hit, plummeting over 42% in just three sessions since the Reserve Bank of India (RBI) imposed restrictions on its banking unit.
02 Feb 2024
PaytmFollowing RBI curbs, Paytm shares fall 20% for second day
Paytm's shares hit lower circuit for the second consecutive session today, dropping 20% to Rs. 487.20. The two-day losses have wiped out $2 billion from its market value.
01 Feb 2024
PaytmRBI's crackdown on Paytm Bank raises concerns of license revocation
There seems to be no end to bad news for Paytm Payments Bank Limited (PPBL).
31 Jan 2024
PaytmRBI bars Paytm Payments Bank from offering services starting March
The Reserve Bank of India has placed limitations on Paytm Payments Bank Limited (PPBL), barring it from accepting deposits or top-ups in customer accounts, wallets, and FASTags after February 29, 2024.
26 Jan 2024
Life Insurance Corporation of IndiaRBI approves LIC's acquisition of 9.99% stake in HDFC Bank
Life Insurance Corporation of India (LIC), the nation's leading insurer, has been granted permission by the Reserve Bank of India (RBI) to acquire an aggregate 9.99% stake in HDFC Bank.
25 Jan 2024
ZomatoZomato receives RBI approval for payment aggregator license in India
The Reserve Bank of India (RBI) has given Zomato Payments Private Limited, a subsidiary of food delivery giant Zomato, the green light to operate as a payment aggregator (PA) in the country.
23 Jan 2024
HDFC BankHDFC Bank's 3% decline triggers 750-point fall in Nifty Bank
A 3% drop in HDFC Bank's shares, along with a sell-off in other banking stocks, has led to a decline in Nifty Bank.
22 Jan 2024
BusinessESMA, RBI negotiating to resolve domestic bond trading platform discrepancies
The European Securities and Markets Authority (ESMA) is currently in discussions with the Reserve Bank of India (RBI) to settle differences regarding the domestic bond trading platform.
19 Jan 2024
Securities and Exchange Board of IndiaFinMin, stakeholders to meet for Central KYC on January 24
A crucial meeting on Central Know Your Customer (KYC) is scheduled for January 24, led by Finance Secretary TV Somanathan.
08 Jan 2024
IndiaRBI allows ₹2,000 note exchange via post offices
Forgot those pink notes in the back of your wardrobe that you hid for savings, only to scare you now?
05 Jan 2024
IndiaIndia's forex reserves experience $2.75 billion surge to $623.2 billion
India's foreign exchange reserves have seen a substantial boost of $2.759 billion, reaching a total of $623.2 billion for the week ending December 29.
04 Jan 2024
Unified Payments Interface (UPI)E-Rupee transactions surpass 10 lakh per day milestone in December
In a significant milestone, Indian banks distributed employee benefits via digital rupee in December, enabling the Reserve Bank of India (RBI) to reach its goal of 10 lakh daily transactions by 2023's end, per Reuters.
02 Jan 2024
FinanceFPI investment in Indian debt instruments turns positive in 2023
In 2023, foreign portfolio investors (FPIs) poured Rs. 68,663 crore into Indian debt instruments, a significant turnaround after three years of outflows.
