PhonePe Raises Another $100 Million from Tiger Global, Others at $12 Billion Valuation
Digital payments and financial services unicorn PhonePe has raised $100 million from Tiger Global, Ribbit Capital and TVS Capital as part of its larger ongoing...
Tag : Reserve Bank of India (RBI)
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...
Reliance Retail Partners with Banks to Accept Digital Rupee
The digital rupee was first launched by the Reserve Bank of India (RBI) on December 1, 2022, on a pilot basis in retail markets in...
RBI Sets 7.26% Coupon Rate for New 10-Year Benchmark Government Bond
The Reserve Bank of India (RBI) set a coupon rate of 7.26% on new 10-year benchmark government bonds due in 2033 on February 3, raising...
Union Budget 2023: FM Retains Revised Estimate for FY23 Fiscal Deficit of 6.4% of GDP
Finance Minister Nirmala Sitharaman on February 1 pegged the government’s fiscal deficit for 2023-24 at 5.9% of gross domestic product (GDP), signalling the government’s intention...
RBI Asks SBM Bank to Halt Transactions Under Remittance Scheme
On Monday, the Reserve Bank of India (RBI) directed SBM Bank’s Indian subsidiary to immediately halt all transactions under the Freedom to Send Money scheme....
Bombay High Court Grants Relief to Yes Bank AT-1 Bondholders
On Friday, investors breathed a sigh of relief when the Bombay High Court quashed the Yes Bank administrator’s order to write down AT-1 bonds worth...
Paytm Bank Gets RBI Approval to Operate as Bharat Bill Payment Operating Unit
On Monday, Paytm Payments Bank said it had received final approval from the Reserve Bank of India (RBI) to operate as the Bharat Bill Payment...
RBI Asks PayU to Reapply for Payment Aggregator License
The Reserve Bank of India (RBI) has reportedly asked online payment gateway PayU India to reapply for its payment aggregator license. Due to the complex...
BharatPe Gets RBI’s In-Principle Approval for Payment Aggregator Licence
Fintech firm BharatPe said on Tuesday it had received in-principle approval from the Reserve Bank of India (RBI) to operate as a payments aggregator. The...