"rbi"

The RBI in an order dated February 26 slapped a penalty of Rs 2 crore on State Bank of India for contravention of provisions of the Banking Regulation Act and not complying with the Depositor Education Awareness Fund Scheme.

Paytm on February 9 announced setting up of a group advisory committee headed by Damodaran.

According to the central bank's notification, National Payments Corporation of India (NPCI) has been asked to examine the use of UPI channel to allow Paytm to continue operations.

The central bank has barred Paytm Payments Bank from accepting further credits into its customer accounts and wallets after March 15, 2024.

The central bank, on January 31, directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29.

In a further boost to Paytm's position, Revenue Secretary Sanjay Malhotra emphasised the absence of any current law enforcement and ED actions against Paytm, echoing the company's denials of any ongoing investigations into its operations or alleged money laundering activities.

The approval also stipulates that if the "aggregate holding" of HDFC Bank falls below 5 per cent, prior approval of the RBI will be required to increase it to 5 per cent or more of the paid-up share capital or voting rights.

Though IMF projects a positive picture of India's economic future, growing unemployment, inflation are big concerns

97.50 per cent of the Rs 2,000 banknotes that were in circulation as on May 19, 2023, when the withdrawal was announced have been returned, the RBI said on Thursday.

Despite various shocks and crises, he said the Indian banking sector has seen a remarkable recovery.

The draft framework lays down the characteristics of FinTech self-regulatory organisations, including its functions and governance standards.

In a set of Frequently Asked Questions (FAQs) on its website, the RBI said people can send the notes to any of its 19 issue offices from any post office.

The quantum of market borrowings by the Telangana government for the quarter January-March 2024 from the Reserve Bank of India will run into at least Rs.13,000 crore

The central bank said that the penalty has been imposed in the exercise of powers conferred on RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

While the efforts to tarnish the brand image of Telangana especially Hyderabad are on by projecting the State as a debt-ridden one and had no progress in the last 10 years, Telangana continues to win appreciation from not only the national, but also international organisations

According to the CMO officials, the duo discussed the current economic scenario of Telangana and the strategies to be adopted for its economic development where the former RBI Governor made several suggestions to improve the economic situation. 

Telangana is ranked second with its own tax revenue pegged at 84.2 percent of the overall tax revenue collected, next only to Haryana with 86.9 percent of the overall tax revenue

The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was Saturday (October 7).

The debt of every citizen in Telangana is fully sustainable even for the next generation given the durable assets the State has created to power growth

Official data released on Tuesday indicated that through October, wholesale inflation in India remained in the negative for the seventh consecutive month