RBI

Retail Inflation Hits 3.65% in August Amid Persistent Food Price Surge

India's retail inflation edged up to 3.65% in August, compared to 3.54% in July, driven primarily by rising food costs.…

September 12, 2024

RBI Expands LRS Scope: Indian Residents Can Now Open Foreign Currency Accounts in GIFT City

The Reserve Bank of India has expand the scope of remittance options to International Financial Services Centres under the Liberalised…

July 11, 2024

Paytm Lose ₹26,000 Crore In 10 Days After RBI’s Ban On Paytm Payments Bank

Paytm, a popular digital payment platform in India, has been facing significant challenges recently. The Reserve Bank of India (RBI)…

February 14, 2024

RBI Increases UPI Limit To ₹5 Lakh, Keeps Repo Rate Unchanged At 6.5%

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting is holding today on December 8, 2023. This meeting…

December 8, 2023

Instamojo Shuts Down Its Payments Business, What Next?

Instamojo, a fintech startup supported by Mastercard, recently had to shut down its core payments business. This happened because the…

November 15, 2023

Kotak Mahindra Gets Quick Yes From RBI To Acquire Sonata Finance

Kotak Mahindra Bank was hoping to get a green light from the Reserve Bank of India (RBI) for buying Sonata…

October 20, 2023

Inside Story: Reserve Bank of India Ask Banks To Pay You ₹5,000 Per Day

For the first time, RBI has instructed banks to pay ₹5,000 per day as a penalty to borrowers for delays…

September 13, 2023

RBI Launches UDGAM Web Portal To Find Unclaimed Deposits In Banks

The Reserve Bank of India (RBI) has launched a new web portal called UDGAM (Unclaimed Deposits - Gateway to Access…

August 18, 2023

What Are The 5 Major Impacts Of RBI Policy Across India?

The Reserve Bank of India (RBI) has announced its third bi-monthly monetary policy for FY24, keeping the repo rate unchanged…

August 10, 2023

Banks Ask RBI To Frame Policy And Guidelines For Silver Loans

Several banks have reportedly approached the Reserve Bank of India (RBI) to request a policy framework for silver metal loans…

June 16, 2023

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