Mumbai: The RBI on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. The Reserve Bank’s action against Paytm Payments Bank Ltd (PPBL) follows a comprehensive system audit report and subsequent compliance validation report of the external auditors. … Read more
Foreign investment in Indian government bonds saw a remarkable jump in the last three months of 2023, with JPMorgan’s decision to add the debt to its indexes boosting inflows to a six-year high. Overseas investors net bought government bonds worth ₹35,000 crore in October-December, pushing the full-year tally to ₹59,800 crore, the highest since 2017, … Read more
Curated By: Business Desk Last Updated: December 18, 2023, 13:15 IST Indian investors can purchase foreign stocks by investing in ETFs. There are two ways of investing in the foreign stock market for Indian investors – by directly opening a trading account or buying ETFs. As an Indian investor, the allure of investing in major … Read more
The Reserve Bank of India (RBI) has declared results of the preliminary examination for Assistant recruitment 2023. Candidates who have appeared in the examination can check their results on the bank’s website, opportunities.rbi.org.in. RBI Assistant Prelims result 2023 live updates RBI declares results of Assistant preliminary exam The exam was conducted by the Institute of … Read more
Representative Image Mumbai: India’s foreign exchange reserves rose by $2.816 billion to hit a four-month high of $606.859 billion during the week ended December 8, according to RBI data released on Friday. The increase comes on the back of a $6.107 billion jump in the preceding week to $604.042 billion. This was the highest gain … Read more
Reserve Bank of India governor Shaktikanta Das said this week that allowing private cryptocurrencies to grow would lead to the next financial crisis. He also reiterated the central bank’s call for a total ban, claiming that such instruments had no underlying value and were speculative at best. “After the development of the past one year, … Read more
New Delhi: After a flat opening Nifty traded volatile on the weekly expiry and ended the session at 20,901.15 levels. On the other hand Bank Nifty took support near 46,500 and managed to close in green at 46,841.40 before the RBI’s fifth monetary policy of the financial year 2023-24 on Friday, says Deven Mehta, Research … Read more
NEW DELHI: The Supreme Court on Friday declined to consider the petition of Chanda Kochhar, former managing director and CEO of ICICI Bank, who was seeking retirement benefits from the bank. Justices Sanjiv Khannaand SVN Bhatti, presiding over the bench, stated that it was not a case warranting interference, expressing their disinclination to challenge the … Read more
