RBI Proposed To Increase Upper Limit for UPI Tax Payments to Rs 5 Lakhs
During the Monetary Policy Committee (MPC) meeting, the Reserve Bank of India (RBI) proposed to increase the upper limit for tax payments through the Unified...
Tag : RBI
300 Indian Banks Hit by Ransomeware Attack, Payment Systems Temporarily Closed: NPCI
The National Payment Corporation of India (NPCI), a governing body that supervises payment systems, released a public announcement on Wednesday stating that it had temporarily...
RBI Spectates eRupee To Enrich India’s Global Financial Standing: RBI Report
The Reserve Bank of India (RBI) is looking into the potential of creating a digital version of the rupee, known as eRupee, to improve international...
RBI’s Proposed Liquidity Norms In Retail Deposits to Raise Demand for Government Bonds
On Thursday evening, the central bank suggested that banks decrease the reliability of retail deposits with Internet and mobile banking access by an extra 5%....
RBI Sold Rs 34 Billion of Indian Bonds as Index Inclusion Boosts Inflows: Bloomberg Report
According to a Bloomberg report, the Reserve Bank of India (RBI) has sold Rs 34 billion (USD 406 million) worth of bonds in the secondary...
RBI Imposed Penalty on Four Cooperative Banks in India
The Reserve Bank of India (RBI) recently announced that it has imposed monetary penalties on four cooperative banks for violating banking regulations. According to the...
India To Grow at GDP of 7% in FY25: NITI Aayog member Arvind Virmani
Last month, the Reserve Bank of India (RBI) estimated that the GDP growth rate for the fiscal year 2025 would be 7.2%. NITI Aayog member...
RBI Allowed Resident Indians to Open Foreign Currency Accounts in GIFT IFSC
Indian residents can now take advantage of the liberalised remittances scheme (LRS) to open foreign currency accounts (FCA) at Gift City under the liberalised remittances...
RBI Penalised Five Indian Banks For Regulatory Non-Compliance in First Week of July
In the first week of July, the Reserve Bank of India (RBI) took action against five banks for not following various RBI rules. The latest...
RBI Appointed Two New Executive Directors From July 2024
Reserve Bank of India (RBI) has announced the appointment of two new Executive Directors – Charulatha S Kar has been appointed Executive Director (ED) with...