Crisis at Paytm Payments Bank: RBI Issues FAQ for Customers, Addresses 30 Queries
On Friday, following the monetary policy announcement by the Monetary Policy Committee (MPC) on February 8, the Reserve Bank of India (RBI) published a Frequently...
Tag : RBI Governor Shaktikanta Das
Paytm Shares Slip 8% Over Reports of Acquisition Talks with Bitsila Amid Payments Bank Crisis
One 97 Communications, the parent company of Paytm, saw its shares drop over 8% in the early morning trade on February 9, a day after...
First RBI MPC Meeting in 2024: Repo Rate Unchanged at 6.5%, Real GDP Growth in FY25 Projected at 7%
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has kept repo rates unchanged at 6.5%, in line with widespread expectations. This decision came...
RBI Concludes MPC Meet, Repo Rate Remains Unchanged at 6.5% for 5th Time in a Row
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) concluded its bi-monthly meeting on December 8, keeping its key interest rate unchanged for the...
RBI MPC Keeps Repo Rate Unchanged at 6.5%, Raises Inflation Forecasts
Reserve Bank of India (RBI) governor Shaktikanta Das announced on Thursday that the RBI’s monetary policy committee (MPC) unanimously decided to keep the repo rate...
Bank Deposits Reach Rs 187 Lakh Crore, More than Half of Rs 2,000 Notes in Circulation Back
Following the Reserve Bank of India’s (RBI’s) decision to withdraw Rs 2,000 from circulation, deposits into the banking system rose by Rs 3.26 trillion to...
RBI MPC’s First Meeting Concluded, Repo Rate Constant
Reserve Bank of India (RBI) Governor Shaktikanta Das’ address marks the conclusion of the first Monetary Policy Committee (MPC) meeting of the fiscal year 2023-24...
RBI MPC Lowers Inflation Forecast, Projects Faster Growth for FY24
On Thursday, the governor of the Reserve Bank of India (RBI), Shaktikanta Das, announced that the Monetary Policy Committee (MPC) had reduced its Consumer Price...
SBI to Launch UPI-Based Real-Time Cross-Border Remittance Service
On February 22, the State Bank of India (SBI) said it would allow real-time foreign inward and outward remittance services through the Unified Payments Interface...
India to Open UPI Payments for Foreign Tourists, Starting at Airports for Tourists from G20 Countries
The Reserve Bank of India (RBI) has proposed allowing foreign tourists to make merchant payments through the United Payments Interface (UPI) while in India. The...