"reserve-bank"

“With massive 104 per cent tariffs on China expected to take effect today, markets are in turmoil and uncertainty is at its peak. The future of global trade and the broader economy amid this chaos is still unclear,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Forex traders noted that even with a sharp decline in crude oil prices and a weakening US dollar, concerns over a potential global trade war continued to spark fears of an economic downturn, triggering foreign fund outflows and leaving stock markets in a state of shock.

Forex traders noted that foreign institutional inflows, along with notable corrections in asset classes such as the dollar index and crude oil prices, supported the rupee. Additionally, the Reserve Bank's active intervention helped maintain the rupee within a narrow range.

To advance this initiative, the Reserve Bank has formed a committee led by A.P. Hota, former MD & CEO of NPCI, to explore setting up a digital public infrastructure for the platform.

Forex traders noted that investor sentiment was dampened by both elevated crude oil prices and continuous foreign fund outflows.

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.