rbi

India’s Financial Inclusion Index rises to 64.2

Mumbai: The Financial Inclusion Index (FI-Index) surged to  64.2 in March 2024. It was at 60.1 in March 2023. Data…

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RBI instructs Kotak Mahindra Bank to stop new customer onboarding over IT issues

The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank Limited to suspend the enrollment of new customers via…

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PM Modi stresses India’s need for economic self-reliance

Prime Minister Narendra Modi emphasized the need for India to achieve economic self-reliance within the next decade during his speech…

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Paytm, Paytm Payments Bank End Inter-Company Agreements to Reduce Dependencies

Amid regulatory scrutiny from the Reserve Bank of India (RBI) regarding its associate company, One 97 Communications announced on Friday…

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RBI keeps key lending rate unchanged

Mumbai: The Reserve Bank of India (RBI) has decided to keep the repo rates unchanged at 6.5%.This is for sixth…

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Paytm finds itself in a major crisis following the Reserve Bank of India’s directive to halt fresh deposits

Paytm, once lauded as a prominent player in India’s payment industry, now faces a significant crisis after the Reserve Bank…

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RBI imposes penalties on 3 banks

Mumbai: The Reserve Bank of India (RBI) has imposed penalties totalling Rs 2.49 crore on three banks, including Dhanlaxmi Bank…

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RBI hikes UPI transaction limit for these payments

Mumbai: The Reserve Bank of India (RBI) has  decided to raise the UPI limit for UPI auto payments for specified…

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RBI raises GDP growth forecast to 7% for FY24

On Friday, the Reserve Bank of India (RBI) increased the GDP growth forecast for the ongoing fiscal year from 6.5%…

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Bank lending to private corporate sector grew 14.9% in September

Mumbai: Bank lending to the private corporate sector grew 14.9% in September 2023.  It was at 14.7% a year ago.…

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Public holds Rs 9,760 crore worth of Rs 2,000 notes: RBI

On Friday, the Reserve Bank of India (RBI) reported that nearly 97.26% of the Rs 2,000 bank notes have been…

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RBI issues warning on 19 illegal forex trading platforms: Full list

Mumbai: The Reserve Bank of India (RBI) issued warning on 19 illegal forex trading platforms. The apex bank added 19…

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RBI imposes penalty on four co-operative banks, one NBFC: Details

Mumbai: The Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks and a non-banking financial company…

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RBI Holds Repo Rate Steady at 6.5% for Fourth Consecutive Time

In a significant monetary policy decision, the Reserve Bank of India opted to maintain the policy rate unchanged for the…

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UPI Surpasses 10B Transactions in a Month

Unified Payments Interface (UPI) transactions achieved a significant milestone, crossing the 10 billion mark in August, as announced by the…

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RBI announces end to penal interest on EMI defaults by borrowers.

The Reserve Bank of India (RBI) has introduced significant measures to alleviate the concerns of borrowers. Firstly, the RBI has…

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Watch out for deceptive loan apps on Play Store and App Store—stay safe!

Beware of the instant loan scam orchestrated mainly by Chinese racketeers, causing havoc recently. Countless deceitful loan apps have infiltrated…

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Delhi High Court Dismisses PIL Contesting Rs 2,000 Banknote Withdrawal

The Delhi High Court has dismissed a public interest litigation (PIL) challenging the Reserve Bank of India’s (RBI) decision to…

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Delhi High Court dismisses plea challenging exchange of Rs 2,000 notes.

The Delhi High Court dismissed a plea challenging notifications that allowed the exchange of Rs 2,000 currency notes without a…

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Gulf exchanges reject Indian currency amid RBI’s recall of Rs 2,000 notes

Following the Reserve Bank of India’s (RBI) decision to recall Rs 2,000 currency notes on May 19, Indian expatriates and…

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State Treasuries Overcome Hesitation, Now Accepting Rs 2,000 Notes as Deposits

State Treasuries Instructed to Accept Rs 2,000 Notes as Deposits, Exchanges Not Permitted The finance department has issued a directive…

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P Chidambaram claims Rs 2,000 note aided black money hoarders

Senior Congress leader P Chidambaram criticized the introduction of Rs 2,000 notes, alleging that it only facilitated black money hoarders…

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No ID or documentation needed for exchanging Rs 2,000 notes

The Reserve Bank of India (RBI) has announced that no form or requisition slip is needed for the exchange of…

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Reserve Bank of India marginally raises India’s economic growth projection

Mumbai: The Reserve Bank of India (RBI) marginally raised the economic growth projection of the country for the current fiscal.…

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RBI allows India and Tanzania to use their national currencies for bilateral trade settlement

The Reserve Bank of India (RBI) has authorised India and Tanzania to settle bilateral trade in their respective national currencies.…

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Among large cities, Kochi has the fastest rate in home price increase

The largest increase in house prices among the top 10 cities occurred in Kochi, the commercial centre of Kerala, according…

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India’s economic growth to slow down to 6.4% in 2023-24: RBI

Mumbai: The  Reserve Bank of India (RBI) projected India’s economic growth to slow down to 6.4% in 2023-24 fiscal year.…

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Demonetization is ‘legal,’ yet there is still much dispute.

It’s fortunate that the protracted argument over whether the Modi government’s demonetization notification on November 8, 2016, was legitimate has…

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Country to use Indian rupees in ‘international transactions’!

A few days after stating that it was awaiting the Reserve Bank of India’s (RBI) clearance to designate the Indian…

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SC requests records from the Center and RBI and reserves judgement on appeals challenging demonetization

The government’s decision to demonetize the Rs. 1000 and Rs. 500 notes in 2016 was ordered by the Supreme Court,…

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In November, banks will be closed for ten days, including weekends. Detailed List

The list of bank holidays for the month of November has been made public by the Reserve Bank of India…

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The pilot programme for digital rupees will start on Tuesday, said RBI.

The Reserve Bank of India declared on Monday that it will introduce the digital rupee as a pilot project for…

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UPI credit card transactions up to Rs 2,000 are free of charge: NPCI

A recent NPCI circular states that, RuPay credit card usage via the Unified Payments Interface (UPI) will be free for…

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Reserve Bank of India’s data shows 14.5% surge in bank credit

Mumbai: Data released by the Reserve Bank of India (RBI) has revealed that the bank credit surge by 14.5% year-on-year…

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NRIs can now pay bills directly for families in India

Mumbai: Now Non Resident Indians (NRIs) will be able to pay directly for bills in India. Reserve Bank of India…

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