"reserve-bank-of-india"

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

As per a January 31 order of the RBI, Paytm Payments Bank was asked to stop further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards, after February 29

BSE Sensex Surges 321.42 Points, Nifty Climbs 80.55 Points in Early Trade

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

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 central bank said that in its statutory inspection of the bank with reference to its financial position as of March 31, 2022.

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.

Police said that the sender in the email demanded the resignation of RBI governor Shaktikanta Das and Union Finance Minister Nirmala Sitharaman.

The book, which he has co-authored with economist Rohit Lamba, provides a reality check on the processes and approaches adopted in India.

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 Indian government plans to borrow Rs 20,000 crore through green bonds in the current financial year

Telangana was ranked among the top three in terms of the capital expenditure during last two fiscals

Additionally, the meeting encompassed discussions on the Ombudsman Scheme, designed to safeguard the rights and interests of consumers, as well as the activities of select Central Office Departments.

Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30. The last date was later extended to October 7.

The bank breached the regulatory ceiling of end of the day balance in certain customer advance accounts availing payout services

The central bank in a statement Tuesday said the action was based on "certain material supervisory concerns" observed in the manner of onboarding of their customers onto the bank's mobile application

The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023 - the date on which RBI decided to withdraw the banknote.

A bullet repayment scheme is one where a borrower repays interest and the principal amount at the end of a loan tenure without worrying about repayment during the loan tenure.

The 30-share BSE Sensex climbed 364.06 points or 0.55 per cent to settle at 65,995.63. During the day, it jumped 464.24 points or 0.70 per cent to hit 66,095.81

After three days of deliberation, RBI Governor Shaktikanta Das announced on Friday that the Monetary Policy Committee (MPC) unanimously opted to maintain the repo rate at 6.5 percent