Mumbai: The facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024 due to operations associated with the annual closing of accounts, the Reserve Bank of India (RBI) said on Friday, March 28 The facility will resume on Tuesday (April 2, 2024) at the 19 issue offices of … Read more
IANS Mumbai: India’s foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March 8, the latest data released by the RBI on Friday showed. This is the biggest jump in the country’s forex kitty since the week ended July 14, 2023. In the … Read more
RBI Mumbai: The Reserve Bank of India (RBI) has imposed fines on Bank of India and Bandhan Bank for breach of rules, the central bank said on Wednesday. A penalty of Rs 1,40,76,000 has been imposed on Bank of India for non-compliance with the following RBI directions: (1) The bank did not pay interest in … Read more
A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai. File | Photo Credit: Reuters India has allowed its central bank to import gold without paying import levies, the government said in a notification issued late on March 12. Indian gold importers need to pay basic customs duty and Agriculture Infrastructure … Read more
Reserve Bank of India has declared RBI Assistant Result 2023. Candidates who have appeared for main online examination can check the results through the official website of RBI at rbi.org.in. RBI Assistant Result 2023 declared, direct link to check here The written examination was conducted on December 31, 2024. The duration of the main examination … Read more
Paytm, on February 9, announced setting up of a group advisory committee to advise the company on strengthening compliance and on regulatory matters. | Photo Credit: The Hindu Shares of Paytm owner One97 Communications jumped 5% in the morning trade on February 26 after Reserve Bank of India (RBI) asked retail payment settlement body NPCI … Read more
RBI Governor Shaktikanta Das. (File Photo) At this juncture, monetary policy must remain vigilant and “not assume that our job on the inflation front is over”, says RBI Governor Shaktikanta Das, as per the minutes of the RBI MPC’s February meeting The Reserve Bank of India’s (RBI) job to bring down inflation is not over, … Read more
New Delhi: The Reserve Bank’s regulatory action on Paytm Payments Bank has drawn the attention of fintech firms to the importance of complying with laws, Union Minister Rajeev Chandrasekhar has said. The minister stressed that regulatory compliance cannot be “optional” for companies, rather it is an aspect every entrepreneur must pay full attention to. In … Read more
Mumbai: The RBI on Friday gave 15 days more till March 15, 2024 to Paytm Payments Bank Ltd (PPBL) to stop deposits, credit transactions or top-ups in any customer accounts, wallets, and FASTags, keeping in view the interest of customers, including merchants. As per a January 31 order of the central bank, PPBL was asked … Read more
New Delhi: Fintech firm One97 Communications — owner of the brand Paytm — has shifted its nodal account to Axis Bank from Paytm Payments Bank. The move will allow continuity of Paytm QR, Soundbox, card machine after the March 15 set by the Reserve Bank of India (RBI), as per a regulatory filing. The RBI … Read more
