RBI

  • Paytm Payments Bank receives RBI observations on IT report

    Paytm Payments Bank (PPBL) management has received an RBI-mandated IT auditors report and the central bank’s observation on it, more than six months after it was asked to pause onboarding new customers. Bank Maha Pack includes Live Batches, Test Series,...

    Published On November 8th, 2022
  • India’s forex reserves hit a new low, RBI forced to spend $118 billion to defend INR

    India's forex reserves hit a new low: For the week ending October 14, India's foreign exchange reserves (Forex Reserves) further declined to a level not seen in more than two years as the country's central bank, Reserve Bank of India (RBI)...

    Published On October 29th, 2022
  • Dr Bimal Jalan authored a book titled “From dependence to Self­Reliance”

    Economist Dr Bimal Jalan authored the book “From dependence to Self­Reliance: Mapping India’s Rise as a Global Superpower”, a stocktaking of India’s growth trajectory, benefits from Bimal Jalan’s deep insights. The book is written lucidly, with the general reader in...

    Published On October 26th, 2022
  • India’s foreign exchange reserves increased by USD 204 million

    India's Foreign Exchange Reserve Increases: The Reserve Bank reported an increase in the value of gold assets caused India's foreign exchange reserves to climb by USD 204 million to USD 532.868 billion for the week ended October 7. The total...

    Published On October 18th, 2022
  • Pune based Seva Vikas Cooperative Bank licence revoked by RBI

    Seva Vikas Cooperative Bank licence revoked by RBI: Seva Vikas Co-operative Bank, situated in Pune, had its licence revoked by the Reserve Bank of India (RBI) due to lack of sufficient capital and future earnings potential. With effect from the...

    Published On October 12th, 2022
  • Nomura Prediction for India in FY24: 5.2% Slowdown in Growth Rate

    Nomura Prediction for India in FY24: Nomura predicts that India's growth will drastically slow down to 5.2% in 2023–24 (FY24) from 7% in the current fiscal year due to the spillover effects of the global downturn. The Japanese brokerage urged...

    Published On October 12th, 2022
  • RBI to start a pilot programme for Digital Rupee

    Pilot programme for Digital Rupee: The Reserve Bank of India (RBI) said that it will shortly start restricted test launches of the digital rupee for particular use cases. The concept paper was made public as part of an experiment with...

    Published On October 8th, 2022
  • RBI projects 7% GDP growth for FY23, Inflation remain 6.7%

    RBI projects 7% GDP growth for FY23: The Reserve Bank of India (RBI) has projected 7% real GDP growth for the Financial year 2023 (FY23). Inflation in India is predicted to remain 6.7%. As a result, RBI raised its policy...

    Published On September 30th, 2022
  • RBI imposes fine on three entities for failing to comply

    The Reserve Bank of India (RBI) imposes fine on three entities: Three organisations, including Industrial Bank of Korea, have received fines from the Reserve Bank for breaking regulations. The Reserve bank of India announced that Industrial Bank of Korea has...

    Published On September 10th, 2022
  • RBI to release”fraud registry” blacklist with details of Scammers

    To help it keep repeat offenders out of the banking system, the Reserve Bank of India (RBI) is developing a Fraud Registry blacklist. According to Executive Director Anil Kumar Sharma, the fraud registry would record data such as IP (internet...

    Last updated on September 14th, 2022 04:05 pm