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RBI Launches Mobile App Offering Financial Statistics Related To Economy
Reserve Bank on Tuesday launched mobile application 'RBIDATA' which will provide access to more than 11,000 different series of economic data related to the Indian economy.
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Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
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Paytm Gets Approval from NPCI to Enroll New UPI Users
Paytm has said that it has received approval from the country's payments authority to onboard new unified payment interface (UPI) users. The NPCI's approval comes after Paytm submitted a request earlier in August this year.
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RBI Approves Highest-Ever Dividend Of Rs 2.11 Lakh Crore To Government
The Reserve Bank of India will pay a record Rs 2.1 lakh crore dividend to the government for the fiscal ended March 31, more than double of what was budgeted expectation, helping shore up revenue ahead of a new government taking office.
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Cryptocurrencies Pose Risks to Emerging Markets, Central Bank's Stand Remains Unchanged: RBI Governor
RBI Governor Shaktikanta Das said on Thursday that the central bank's position on cryptocurrencies had not changed, despite wider acceptance in other countries. The central bank chief was responding to a question about the US securities regulator approving the first US-listed exchange-traded funds for Bitcoin. The RBI Governor has repeatedly stated...
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RBI Clears Resolution Plan For Debt-Ridden Reliance Capital
The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital.
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Ashok Vaswani: 5 Facts About Kotak Bank's Next CEO And MD
Kotak Mahindra Bank has received approval from the Reserve Bank of India (RBI) for the appointment of Ashok Vaswani as the bank's Managing Director and Chief Executive Officer.
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Centre Approves One-Year Extension To RBI Deputy Governor
The government on Monday extended the term of RBI Deputy Governor M Rajeshwar Rao for a period of one year, according to sources.
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Reserve Bank of India to Launch 'Public Tech Platform' Pilot on August 17 to Provide Information to Lenders
Reserve Bank of India is set to launch a 'Public Tech Platform' pilot on August 17, according to the central bank. The system will allow credit to be approved by providing digital information to lenders more effectively.
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Flipkart to Distribute Axis Bank Personal Loans of Up to Rs. 5 Lakh Amid RBI Concerns on Unsecured Lending
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.
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What Trade Body Chief Said About "Rupee Becoming A Global Currency"
When asked about the trading INR by foreign countries in FTP 2023, he said that the special Vostro accounts have been opened in 18 countries after getting the approval of the RBI and the Central Bank of that country.Â
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Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
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Google Asked by RBI, MeitY to Step up Checks Against Illegal Lending Apps in India: Report
The government and the Reserve Bank of India have urged Google to introduce tight checks to help curb the use of illegal digital lending applications in India. Google has been asked to ensure that only whitelisted loan apps are available for download on the Google Play Store. As per RBI’s digital lending norms, all loan disbursals and repayments ...
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RBI to Prepare ‘Whitelist’ of Approved Instant Finance Apps Amid Proliferation of Illegal Loan Apps
Finance Minister Nirmala Sitharaman has directed the Reserve Bank of India (RBI) to prepare a ‘whitelist’ of instant finance apps, that are genuinely clear to operate in the nation. Once the whitelist is prepared, MeitY will ensure that only the apps with RBI clearance will feature on application stores.
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Cryptocurrency Bill to Be Tabled in Parliament After Cabinet Approval, Says Finance Minister Nirmala Sitharaman
A bill on the regulation of cryptocurrency and other digital currencies due to be tabled in the Parliament will come after it is approved by the union cabinet, Finance Minister Nirmala Sitharaman told Rajya Sabha on Tuesday.
-
RBI Launches Mobile App Offering Financial Statistics Related To Economy
Reserve Bank on Tuesday launched mobile application 'RBIDATA' which will provide access to more than 11,000 different series of economic data related to the Indian economy.
-
Jio Payment Solutions Gets RBI Nod to Operate as Online Payment Aggregator
India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.
-
Paytm Gets Approval from NPCI to Enroll New UPI Users
Paytm has said that it has received approval from the country's payments authority to onboard new unified payment interface (UPI) users. The NPCI's approval comes after Paytm submitted a request earlier in August this year.
-
RBI Approves Highest-Ever Dividend Of Rs 2.11 Lakh Crore To Government
The Reserve Bank of India will pay a record Rs 2.1 lakh crore dividend to the government for the fiscal ended March 31, more than double of what was budgeted expectation, helping shore up revenue ahead of a new government taking office.
-
Cryptocurrencies Pose Risks to Emerging Markets, Central Bank's Stand Remains Unchanged: RBI Governor
RBI Governor Shaktikanta Das said on Thursday that the central bank's position on cryptocurrencies had not changed, despite wider acceptance in other countries. The central bank chief was responding to a question about the US securities regulator approving the first US-listed exchange-traded funds for Bitcoin. The RBI Governor has repeatedly stated...
-
RBI Clears Resolution Plan For Debt-Ridden Reliance Capital
The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital.
-
Ashok Vaswani: 5 Facts About Kotak Bank's Next CEO And MD
Kotak Mahindra Bank has received approval from the Reserve Bank of India (RBI) for the appointment of Ashok Vaswani as the bank's Managing Director and Chief Executive Officer.
-
Centre Approves One-Year Extension To RBI Deputy Governor
The government on Monday extended the term of RBI Deputy Governor M Rajeshwar Rao for a period of one year, according to sources.
-
Reserve Bank of India to Launch 'Public Tech Platform' Pilot on August 17 to Provide Information to Lenders
Reserve Bank of India is set to launch a 'Public Tech Platform' pilot on August 17, according to the central bank. The system will allow credit to be approved by providing digital information to lenders more effectively.
-
Flipkart to Distribute Axis Bank Personal Loans of Up to Rs. 5 Lakh Amid RBI Concerns on Unsecured Lending
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement.
-
What Trade Body Chief Said About "Rupee Becoming A Global Currency"
When asked about the trading INR by foreign countries in FTP 2023, he said that the special Vostro accounts have been opened in 18 countries after getting the approval of the RBI and the Central Bank of that country.Â
-
Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
-
Google Asked by RBI, MeitY to Step up Checks Against Illegal Lending Apps in India: Report
The government and the Reserve Bank of India have urged Google to introduce tight checks to help curb the use of illegal digital lending applications in India. Google has been asked to ensure that only whitelisted loan apps are available for download on the Google Play Store. As per RBI’s digital lending norms, all loan disbursals and repayments ...
-
RBI to Prepare ‘Whitelist’ of Approved Instant Finance Apps Amid Proliferation of Illegal Loan Apps
Finance Minister Nirmala Sitharaman has directed the Reserve Bank of India (RBI) to prepare a ‘whitelist’ of instant finance apps, that are genuinely clear to operate in the nation. Once the whitelist is prepared, MeitY will ensure that only the apps with RBI clearance will feature on application stores.
-
Cryptocurrency Bill to Be Tabled in Parliament After Cabinet Approval, Says Finance Minister Nirmala Sitharaman
A bill on the regulation of cryptocurrency and other digital currencies due to be tabled in the Parliament will come after it is approved by the union cabinet, Finance Minister Nirmala Sitharaman told Rajya Sabha on Tuesday.
