"rbi"

On Wednesday evening, the Reserve Bank of India (RBI) issued a directive immediately prohibiting Kotak Mahindra Bank from acquiring new customers and issuing new credit cards.

"The conditions are shaping up for an extension of a trend upshift in India's real GDP growth, backed by strong investment demand and upbeat business and consumer sentiments," the report states.

On Friday, RBI Governor Shaktikanta Das announced the majority decision of the MPC to maintain the repo rate at 6.5 percent.

Notably, the window for depositing and/or exchanging the Rs 2,000 banknotes continues to be available at the 19 issue offices of the RBI.

"Accordingly, Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday)," the order states.

The authors further said technology is offering new growth opportunities to seize by becoming more competitive and efficient.

For the week ended March 1, the foreign currency assets, a major component of the reserves, increased by USD 6.043 billion to USD 554.231 billion, the data said.

Telangana's annual debt has exceeded its budget estimates by a wide margin for the first time in recent years, standing at Rs 40,852.51 crore as of January this fiscal year as against the budget estimation of Rs 38,234.94 crore for the entire financial year

While speaking at an event in Japan, Sharma said that ambiguity brings stress to the business.

The company shall, however, continue to service its existing loan accounts through the usual collection and recovery process.

The second advance estimates of GDP for FY24 released by the National Statistics Office (NSO) has indeed sprung a major surprise in the markets.

On his return, Kishan played a part in one dismissal as he stumped Sumit Dhekale off Sayan Mondal at the DY Patil University Ground.

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