-
For the week ending February 23, the foreign currency assets, a major component of the reserves, increased by USD 2.405 billion to USD 548.188 billion.
-
The RBI's data on 'Sectoral Deployment of Bank Credit – January 2024' also showed that credit growth to agriculture and allied activities improved to 20.1 per cent in January 2024 from 14.4 per cent a year ago.
-
Visa further said that BPSPs are regulated and licensed by the RBI under the PA-PG (payment aggregators - payment gateways) guidelines.
-
Asked if banks can partner with Paytm wallet, he said it is a business decision and they have to carry out required due diligence as per their board-approved policy.
-
At the interbank foreign exchange, the rupee opened at 82.94 against the dollar, later reaching 82.90, marking a 6 paise gain from its last close.
-
On March 11, 2022, the RBI had barred PPBL from onboarding new customers with immediate effect.
-
The move paves the way for IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, to acquire the company.
-
The Reserve Bank, he said, has undertaken pilot projects with regard to promotion of the CBDC and the results have been "excellent"
-
Regulated Entities (REs) have to undertake customer due diligence (CDD) as per the process for their customers.
-
The penalty on private sector lender ICICI Bank has been imposed for contravention of norms related to 'Loans and Advances-Statutory and Other restrictions' and 'Frauds classification and reporting by commercial banks and select Fls'.
-
Global oil benchmark Brent crude declined 0.02 per cent to USD 83.94 a barrel. The BSE benchmark had climbed 405.53 points or 0.62 per cent to settle at 65,631.57 points on Thursday. The Nifty had advanced 109.65 points or 0.56 per cent to end at 19,545.75 points.
-
The 30-share BSE Sensex climbed 257.41 points to 65,888.98 points in early trade. The Nifty advanced 78.25 points to 19,624 points.
-
HDFC AMC holds a 4.49 per cent stake in Kerala-based Federal Bank, and a 4.68 per cent stake in Equitas Small Finance Bank as of June 30, 2023.
-
Reserve Bank Governor Shaktikanta Das asked NBFCs, including housing finance companies, to strengthen governance standards and assurance mechanisms.
-
he Reserve Bank on Thursday enhanced the upper limit of an offline payment transaction to Rs 500 from the existing Rs 200.
-
Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system.
-
Mumbai: The Reserve Bank is likely to maintain status quo on interest rates in its forthcoming monetary policy review but may change the stance in view of retail inflation piercing its upper tolerance limit, global uncertainties created by the ongoing Russia-Ukraine war, and the urgency to protect and boost growth, feel experts. The RBI Governor-headed […]
-
He also said the financial system is on the front foot to aid recovery, but the priority is to maintain and preserve financial stability.
-
Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance amid the second COVID wave.
-
Industry expects a status quo on benchmark rate on account of uncertainty over the impact of Covid second wave