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India’s Forex Reserves Hit Two-Year High of USD 636.1 Billion

16-Mar-2024 Economy

India's Forex reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March...

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Regulatory Violations: RBI Fines SBI, Canara Bank and City Union Bank

26-Feb-2024 Finance

State Bank of India and Canara Bank were hit with financial penalties by the Reserve Bank of India (RBI) for breaking regulations, the central bank...

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EPFO Halts Paytm Payments Bank Claims Following RBI Crackdown

09-Feb-2024 Finance

According to a government order, the central bank of India has placed restrictions on the payments bank because of persistent irregularities, so as of February...

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RBI Leaves Repo Rate Untouched at 6.5% for 6th Time in Row

08-Feb-2024 Business News

The RBI left the repo rate unchanged at 6.5 per cent for the sixth consecutive time as part of its policy to keep inflation...

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RBI Bars Paytm Payments Bank from Accepting Deposits After Feb 29

01-Feb-2024 Business News

The RBI has barred Paytm Payments Bank Ltd (PPBL) from further deposits or credit transactions or top ups in any customer accounts, after Feb...

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Zomato Secures RBI Approval as Online Payment Aggregator

25-Jan-2024 Business News

Online food delivery platform Zomato on Thursday announced that its wholly-owned subsidiary Zomato Payments Private Limited (ZPPL) has been granted a certificate of authorisation from...

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RBI Asks Banks to Ensure Effective Redress of Customer Grievances

19-Jan-2024 Finance

The RBI has asked banks, NBFCs, and CICs to provide inputs for systems to ensure a more effective redress of customer...

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RBI Directs Banks to Roll Out Card-on-File Token Facility

21-Dec-2023 Business News

The RBI has issued a circular to all banks for introducing the Card-on-File (CoF) token facility at the level of banks and...

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Corporate earnings impact of lower interest rates is muted

15-Dec-2023 Delhi

Fed’s dovish comments portend three rate cuts in CY24 and have turned market sentiment decisively. We expect the RBI to follow suit with concurrent rate...

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RBI Imposes Fines on 4 Banks in Mumbai and Pune

14-Dec-2023 Business News

Three cooperative banks in Pune and one bank in Mumbai have each received financial penalties from the RBI for breaking the rules set forth by...

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Nifty crosses 21000 mark, at new all-time high

08-Dec-2023 Business

The Nifty reached a new all-time high as the RBI Governor announced the monetary policy, surpassing the 21,000 mark, says Rupak De, Senior Technical analyst...

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