Tag: RBI

Reserve Bank of India Launches New Website, Mobile Application

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Existing website (https://rbi.org.in) will be available simultaneously for some time. (Representational) Mumbai: The new website and mobile application of the Reserve Bank of India (RBI) was released on Friday by Governor Shaktikanta Das. The new website can be accessed using the URL https://website.rbi.org.in The new mobile application of the Reserve Bank of India can be…

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RBI to enable UPI for cash deposit facility, to allow foreign investors in IFSC to invest in Sovereign Green Bonds

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Mumbai, Apr 05 (ANI): RBI Governor Shaktikanta Das addresses during a press conference regarding the monetary policy decisions, in Mumbai on Friday. (ANI Photo) | Photo Credit: ANI Considering the popularity and convenience of UPI, the Reserve Bank of India (RBI) has proposed to enable UPI for cash deposit facility. RBI Governor Shaktikanta Das, while…

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Business

Food price uncertainties to weigh on inflation trajectory; RBI retains FY’25 forecast at 4.5%

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The retail inflation in February was 5.1%, while inflation in the food basket was at 8.66%. The Reserve Bank of India (RBI) on April 5 said food price uncertainties continue to weigh on the inflation trajectory going forward, even as it retained 4.5% retail inflation projection for the current fiscal. In its first bi-monthly monetary…

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RBI Monetary Policy | Soon, deposit cash using UPI

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Image for representation only | Photo Credit: C. Venkatachalapathy The Reserve Bank of India has proposed to facilitate cash deposit facility in banks through the use of UPI, an instant real-time payment system for inter-bank transactions through mobile phones. ALSO READ | RBI Monetary Policy LIVE updates  “Given the popularity and acceptance of UPI, as…

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Business

Paytm Payments Bank Shuts Down Today. Details Here

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Paytm app will keep running even after March 15. Paytm, a major player in India’s fintech scene, is facing a setback as its banking arm, Paytm Payments Bank Ltd (PPBL), is stopping key services from today. This comes after the Reserve Bank of India imposed restrictions on the bank, citing serious rule violations. Customers relying on…

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Is Your Paytm FASTag Account Closed? Here’s How To Check The Status

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NHAIhas advisedPaytm FASTag users to procure a new FASTag. New Delhi: The Reserve Bank of India has shut down the Paytm Payments Bank and prohibited them from accepting new clients. After tomorrow, March 15, no new customer accounts, prepaid cards, Paytm Wallets, etc, will accept deposits, credit transactions, or top-ups, which also include FASTags.  Paytm…

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Telangana Govt to raise 2,000 crore market borrowings on March 12

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Image for representation purpose only. | Photo Credit: K. PIchumani The Telangana Government has decided to raise ₹2,000 crore open market borrowings through auction of securities. The government has submitted an indent to this effect to the Reserve Bank of India (RBI) which will take up the auction process through its core banking solution e-Kuber…

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Business

RBI, Bank Indonesia sign pact for establishing framework to promote use of local currencies INR, IDR

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The RBI and Bank Indonesia MoU covers all current account transactions, permissible capital account transactions and any other economic and financial transactions as agreed upon by both countries.  | Photo Credit: Reuters The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on March 7 in Mumbai for…

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