UPI to Account for 90% of Retail Transactions in 5 Years, Says RBI Bulletin
Unified Payments Interface (UPI) transactions could account for 90% of total retail digital transactions over the next five years, up from 75.6% at the end...
Tag : Reserve Bank of India (RBI)
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 Launches ‘100 Days 100 Pays’ Campaign to Return Unclaimed Deposits
The Reserve Bank of India (RBI) launched the ‘100 Days 100 Pays’ campaign on June 1 to track and resolve the top 100 unclaimed deposits...
Abrdn Sells 1.6% Stake, Exits HDFC Life Insurance
On May 31, about 3.6 crore shares, or a 1.6% stake, of HDFC Life Insurance changed hands during the block trade window. While it is...
RBI Fines Rs 84.50 Lakh on Central Bank of India
The Reserve Bank of India said on Friday it has imposed a fine of Rs 84.50 lakh on the Central Bank of India for failing...
Sebi Calls on NBFCs, MFs, Insurers to Participate in Corporate Bond Market
The Securities and Exchange Board of India (Sebi) has released a consultation paper outlining a novel “client model” whereby entities such as corporates, NBFCs, insurance...
RBI Withdraws Rs 2,000 Notes from Circulation, Asks Everyone to Exchange or Deposit by Sept 30
On Friday, the Reserve Bank of India (RBI) announced the withdrawal of its highest denomination note, the Rs 2,000 from circulation, adding that the notes...
RBI Board Approves Transfer of Rs 87,416 Crore to Govt as Dividend for 2022-23
The central board of the Reserve Bank of India (RBI) has approved the transfer of Rs 87,416 crore for 2022-23 as surplus to the central...
AU Small Finance Bank Joins Rs 50,000 Crore M-Cap Club as Share Hits New High
Shares of AU Small Finance Bank (AU Bank) rose 3% to hit an all-time high of Rs 754.8 in intraday trade on Thursday, marking its...
SBI Funds can now Buy up to 10% Stake in HDFC Bank, RBI Approves
SBI Funds Management (SBIFML), a joint venture between the State Bank of India and France’s AMUNDI, received permission from the Reserve Bank of India (RBI)...