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Updated : 2 weeks, 3 days ago IST
This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers, RBI said.
Updated : 4 weeks ago IST
According to Reserve Bank of India (RBI) data, six years after the move to ban Rs 500 and Rs 1000 notes, currency in circulation increased by 83 per cent and the value of the currency in circulation as on December 23, 2022, stood at Rs 32.42 lakh crore.
Updated : 1 month ago IST
India's foreign exchange reserves fell by USD 691 million to USD 562.808 billion in the week that ended on December 23, Reserve Bank of India's Bulletin Weekly Statistical Supplement latest data showed.
The Indian economy is confronting strong global headwinds but sound macroeconomic fundamentals and healthy financial and non-financial sector balance sheets are providing strength and resilience and financial system stability, said RBI in its Financial Stability Report on Thursday.
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,390,000 on Mynd Solutions Private Limited (the entity) for not complying with the Guidelines on Trade Receivables Discounting System (TReDS).
Updated : 1 month, 1 week ago IST
Continued monetary policy tightening is needed to achieve moderation in the inflationary pressures, Reserve Bank of India's Monetary Policy Committee member Shashanka Bhide said during the latest policy meeting held this month.
Digital payments services platform Worldline ePayments India on Wednesday said it has received in-principle approval from the Reserve Bank of India to act as a payment aggregator (PA).
Updated : 1 month, 2 weeks ago IST
In his introductory remarks, the RBI Governor stated that FinTech initiatives and start-ups are important segments of aspirational India.
The printing of banknotes of particular denominations is decided by the government in consultation with the Reserve Bank of India (RBI).
Union minister of state in the ministry of finance Pankaj Chaudhary on Monday informed Lok Sabha that the relevant section of the RBI Act, 1934, does not provide provisions to the Reserve Bank of India for making the report, which was written to the Centre after having failed to fulfil its i
Updated : 1 month, 3 weeks ago IST
According to the statement of the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said consequently, the standing deposit facility (SDF) rate stands adjusted to 6 per cent, and the marginal standing facility (MSF) rate and the bank rate to 6.50 per cent.
Updated : 2 months ago IST
T Rabi Sankar said financial benchmarks, used as reference for pricing, valuation and settlement of financial instruments, were a key driver of price integrity of financial markets.