The Reserve Bank of India’s (RBI) move to hold the repo rate for the third consecutive time has boosted the…
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New Delhi: Approximately 50% of the total outstanding Rs 2,000 denomination notes in circulation as of March 31 have been…
New Delhi: PhonePe, a leading fintech company, has recently introduced its account aggregator services to facilitate the sharing of financial data…
New Delhi: The Reserve Bank of India (RBI) has recently proposed the development of a ‘lightweight payment system’ as a…
According to a notification issued by the Finance Ministry on May 16, Indian residents are permitted to remit up to a maximum of $2.50 lakh per year abroad without requiring authorization from the RBI.
Under current guidelines, lending institutions have the autonomy to formulate a board-approved policy for the levy of penal rates of interest.
Eugene Karthak and S Vishvanathan join slice’s parent company Garagepreneurs Internet Private Limited (GIPL), as Independent Directors and Advisor, respectively.
The RBI’s action comes after a series of measures aimed at regulating the NBFC sector in India.
RBI ED, Ajay Kumar Choudhary urged banks to focus on improving their fraud detection and prevention mechanisms by leveraging technology and implementing robust risk management practices.
New Delhi: The Reserve Bank of India (RBI) recently announced that its proposed central bank digital currency (CBDC) would act as…
