"rbi"

The RBI informed that due to technical problems, around Rs 84.94 crore was not credited into 17,877 bank accounts which would be now returned to the State government after rectifying the issue, said Minister Tummala Nageswara Rao.

Inflation had eased to a 12-month low of 4.75 per cent in May after having come down to 4.83 per cent in April

Says bank failed to preserve records pertaining to identification of customers and their addresses obtained during course of business relationships in certain accounts

TGSPDCL planning to print QR code on electricity bills to make payments; sources say bills with QR code will be available from next month

All he did was click on a link sent to his mobile and presto, Rs.1.25 lakh vanished from his credit account.

Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India’s UPI (Unified Payments Interface), with the fast payment systems of ASEAN members -- Malaysia, Philippines, Singapore, and Thailand.

Nifty 50 index closed positively at 23,267.75, marking a gain of 446.35 points or 1.96 per cent

RBI Governor Shaktikanta Das said on Friday that this will enable customers to automatically replenish the balances in Fastag, NCMC, etc. if the balance goes below the threshold limit set by them. This will enhance convenience in making travel-related payments.

RBI Governor Shaktikanta Das: MPC Decides to Maintain Current 6.5% Repo Rate

This is the first time since 1991 that India has undertaken such a large-scale overseas transfer of gold reserves.

The decision was taken at Apex Bank's 608th meeting of the Central Board of Directors. Presided over by RBI Governor Shaktikanta Das, the board reviewed the global and domestic economic scenario, including risks to the outlook.

RBI, in its monthly bulletin released Tuesday, asserted that their findings suggest that the interest in cryptocurrencies is driven by speculative motive rather than a means of payment for real economic transactions.

Despite all the growth talks and positive outlook, growing unemployment remains a major area of concern for India

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.