Indian Rupee Loses Ground: Weakens by 6 Paise to Settle at 83.50 Against US Dollar
Indian Rupee (INR) recorded a decline against the US Dollar (USD) on Tuesday, settling at 83.50, down 6 paise from ...
Tag: RBI
Indian Govt Anticipates $12 Billion Windfall from RBI
Indian government anticipates to pay up to 1 trillion rupees ($12 billion) in dividends to the federal government, which will ...
RBI stops Kotak Mahindra bank from onboarding new customers online
On April 24, Wednesday, The Reserve Bank of India (RBI) directed Kotak Mahindra Bank to suspend onboarding new clients through ...
PM Modi praises RBI on its 90th anniversary
Prime Minister Narendra Modi on Monday lauded the Reserve Bank of India (RBI) for its pivotal role in transforming the ...
Agency Banks to Stay Open on March 31, Government’s Powerful Directive, RBI Orders All 27
The Government of India, in close coordination with the Reserve Bank of India (RBI), has issued a directive requiring all ...
India’s Soaring February Inflation at 5.09%, Core Figures Ease to Hopeful 3.3%
India's retail inflation, gauged by the Consumer Price Index (CPI), inched lower to 5.09% in February 2024, a slight dip ...
RBI’s new Credit Card Guidelines to Empower Customers with Choice; Effective from July 1
The Reserve Bank of India (RBI) has unveiled a series of new guidelines that aim to revolutionize the credit card ...
JM Financial Lending Against Shares, Debentures Crippled by RBI’s Powerful Ban on March 5
JM Financial Products Limited, a prominent and influential non-banking financial company has been charged with unprecedented sanctions by the Reserve ...
Penalty of ₹5.49 Crore Imposed on Paytm Bank Over Money Laundering Compliance Gaps
Penalty of ₹5.49 Crore Imposed on Fintech firm Paytm's Banking unit in a severe indictment of compliance deficiencies by India's ...
Central Bank Radically Amends Regulatory Reporting Protocols for Banks & NBFCs from April 1, 2024
In a defining regulatory overhaul, the Reserve Bank of India (RBI) has instituted a comprehensive revised framework for filing of ...
