The introduction of CBDC was announced in the Union Budget 2022-23, by Finance Minister Nirmala Sitharaman and necessary amendments to the relevant section of the RBI Act,
Getting the regulator's permission will be an uphill task after it recently prohibited fintech companies from loading credit lines onto prepaid payment...
Remittances from the UAE now account for 17-18 per cent of India’s total inward remittances, the RBI said in an article on the impact of COVID on remittances
Minister of State for Finance Bhagwat Karad in a written reply to the Lok Sabha said the occurrence of non-performing assets (NPAs) is normal, although an...
While speaking in the Parliament today, the FM also claimed that cryptocurrencies are not a currency since they are not issued by a country's Central Bank or...
After entering the unicorn club last year, the fintech was trying to raise an additional $50 million through a new funding round
The article published in the Reserve Bank of India's (RBI) monthly bulletin for July compared the impact of the two taper announcements (May 22, 2013, and...
On the other hand, advanced economies like the US, the UK and Singapore emerged as important sources for the country for remittances, accounting for 36 per...
The paper has been authored by three RBI analysts, including Deputy Governor Michael Debabrata Patra who is a member of the rating setting panel Monetary...
The two central banks signed a Memorandum of Understanding (MoU) in Bali on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting to...
The Pension Fund Regulatory and Development Authority (PFRDA) and Bank of India launched the digital platform for NPS enrolment in association with K-fintech
Concern regarding India’s inflation seems to be a major reason behind ratings agencies being forced to downgrade India’s GDP forecast
In the fortnight ended June 2, 2021, bank advances stood at Rs 109.28 lakh crore and deposits at Rs 154.51 lakh crore, according to the Scheduled Banks'...
Other banks including SBI, Canara Bank and Indian Bank have started the implementation process. However, PNB is the second public sector bank to go live in...
The WPI inflation in June has bucked the three-month rising trend but remained in the double digits for the 15th consecutive month beginning April last year
The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007
The sharp revision is due to depreciation of rupee against dollar following outflow of capital caused by various external factors, including the hardening of...
Economic Affairs Secretary Ajay Seth said RBI measures, including on External Commercial Borrowing (ECB), are transitory and for shorter duration, and would...
RBI said it has been closely and continuously monitoring the liquidity conditions in the forex market and has stepped in as needed in all its segments to...
The Ukraine crisis has aggravated the already existing supply chain problems, resulting in a spiralling increase in commodity prices globally. Inflation is...
Touted as the biggest transaction in India's corporate history, HDFC Bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued...
The country showcased rapid growth in digital payments in two aspects of value payment and fast payment systems
Big techs can scale up rapidly and pose risk to financial stability, which can arise from increased disintermediation of incumbent institutions, it noted
CBI (Central Bureau of Investigation) has taken over the investigation to look into the three complaints filed by the PMO.
The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions
