Sunday, September 20, 2020
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Tag: RBI

PhonePe Restored to Normalcy After Service Outage

As the Yes Bank fiasco hit UPI-based transactions last week, PhonePe that was solely using Yes Bank's services worked overnight with the National Payments...

Here’s Some Light on Monetary Policy Under Transmission Mechanism

BY TAPONEEL MUKHERJEE The Reserve Bank of India decided to hold repo rates unchanged in its meeting on December 5, 2019. In this context, apart...

RBI Working With Regulators For Better Security Lending Products, Says DG

The Reserve Bank of India (RBI) is currently working with other financial sector regulators like Sebi, PFRDA and Irda to develop an interest rate...

RBI Extends the Deadline to Update KYC for PhonePe, Paytm

With the Reserve Bank of India (RBI) extending the deadline for mobile wallets to become fully Know Your Customer (KYC) compliant, people using PhonePe,...

RBI to Transfer Rs 1,76,051 Crore to Government

The RBI board accepted the recommendations of the Bimal Jalan committee and has decided to transfer Rs 1,76,051 crore to the government. This is...

Liquidity Stance Moved to Positive by RBI

The focus of monetary policy is now conclusively on ensuring better transmission. Towards this, for the first time in recent history the RBI has...

RBI to File Compliance Report on Whatsapp Payment Service

The Supreme Court has granted six weeks time to the Reserve Bank of India (RBI) to file a report whether WhatsApp had complied with...

RBI Won’t Hesitate on Steps for Financial Stability, Says Governor

Assuring the crisis-hit NBFC sector will be monitored, Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will not hesitate...

Demonetisation, Aadhaar Spurred Digital Payments Growth: RBI

After the demonetisation of Rs 500 and Rs 1000 notes in 2016 pushed digital payments, Aadhaar-enabled electronic know your customer (eKYC) resulted in an...

Share of e-Money in India’s Payment Systems Grew to 21.5%, Says RBI

Getting a leg-up from from the demonetisation of Rs 500 and Rs 1,000 notes in November 2016, the share of e-Money in India's payment systems grew...

RBI Removes NEFT, RTGS Payment Charges to Push Digital Transactions

In a bid to boost digital fund transfer systems, the Reserve Bank on Thursday said that it will remove charges levied on transactions conducted...

Global Monetary Policy Might Compel RBI To Augment Its Gold Reserves

Rising trade protectionist measures along with threat of a currency shock and dovish global monetary policy might compel India's central bank to augment its...

RBI May Recoup Reserves, Strong Inflow of Foreign Funds And Benign Oil Prices Strengthening Indian Currency

A strong inflow of foreign funds and benign oil prices have strengthened the Indian currency but what has worked best for the rupee is...

RBI’s Governor Quits After Months of Pressure From The Central Government

 The Governor of India's central bank, Urjit Patel, resigned abruptly Monday after a months-long tussle over policy with the government that has raised concerns...

Say Goodbye to Heavy EMIs – Opt for Flexi Hybrid Home Loan

Flexi Hybrid Home Loan allows paying only interest as EMI Principal holiday period of 4 years The principal and interest after 4 years...

RBI To Transfer 50,000cr Surplus To The Central Government

The Reserve Bank of India (RBI) on Wednesday said that it will transfer Rs 50,000 crore as surplus to the central government for the...

PNB says no “cash shortage” in its ATMs

State-run Punjab National Bank (PNB) on Wednesday said there is no "cash shortage in its ATMs across the country. "Overall, Punjab National Bank has not...

RBI penalty not to have any material impact: IDBI Bank

State-run IDBI Bank on Thursday said a Rs 3 crore penalty imposed on it by the Reserve Bank of India (RBI) "will not have...

Raghuram Rajan: The Man Who Revolutionized The Indian Banking System

On September 5, 2013, Rajan took charge of Governor of India's central banking institution Raghuram Rajan graduated in electrical engineering from IIT Delhi ...

Government warns about Cryptocurrencies threat

Noting that virtual currencies like Bitcoin have no "intrinsic value", the Indian government on Friday sounded the alarm on the phenomenon of cryptocurrencies, comparing...

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Pandemic To Increase Child Labour, Trafficking & Slavery: Satyarthi

The COVID-19 pandemic will result in "most definite and substantial increase" in child labour, child trafficking and slavery across the world, warned Nobel Laureate...

Wooden Puppets Will Enact Ramlila In Varanasi This Year

The world famous Ramlila in Varanasi will not be held this year due to the pandemic but the tradition will not be broken either. Wooden...

Guidelines For Disposal Of Cigarette Butts Within 3 Months To Be Layed Down

The National Organisation for Tobacco Eradication on Sunday welcomed the direction of the National Green Tribunal (NGT) to the Central Pollution Control Board (CPCB)...

Actress Malaika Arora Feels Blessed To Overcome Covid-19

Actress Malaika Arora says she feels blessed to have overcome Covid-19 with minimum pain. Malaika, who tested positive earlier this month, took to Instagram to...
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