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...
Tag : Reserve Bank of India (RBI)
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...
Customers Need not visit Bank for re-KYC, Says RBI
The Reserve Bank of India (RBI) has elucidated that self-declaration by clients through non-face-to-face frequencies will be satisfactory for implementing the re-know your customer course...
Mahindra Finance Rises 3% as RBI Lifts Ban on Outsourced Loan Recovery
Shares of Mahindra Finance rose 3% to Rs 240.60 in intraday trade on the BSE on Thursday after the Reserve Bank of India (RBI) lifted...
NARCL Emerges as Top Bidder for SREI with NPV of Rs 5,555 Crore
National Asset Reconstruction Company Ltd (NARCL) emerged as the top bidder in the auction of two finance firms, Srei Infrastructure Finance and Srei Equipment Finance,...