Nifty PSU Banks Index Rebounds 11% in 3 Days, PSB, Bob Climb to 5%
Public sector unit (PSU) bank shares were in focus as the Nifty PSU Bank Index rebounded 11% in the past three sessions after sharp losses...
Tag : Reserve Bank of India (RBI)
RBI Asks Razorpay to Pause Onboarding Merchants
Fintech giant Razorpay has been asked by the Reserve Bank of India (RBI) to pause the onboarding of new online payment merchants after the central...
Bank of Baroda Proposes Sale of Majority Stake in Nainital Bank
On Tuesday, the state-owned Bank of Baroda (BoB) said it planned to sell its majority stake in Nainital Bank. The bank’s board has approved the...
RBI’s Inflation Mandate Failure Report Cannot be Made Public, Govt Informed Parliament
The Reserve Bank of India (RBI) has submitted reports on breaches of its inflation target for three consecutive quarters. Still, the reports cannot be made...
RBI Sells $33.42 Billion in April-September FY23 to Contain Rupee Volatility
The Reserve Bank of India (RBI) sold a net of $33.42 billion in the foreign exchange market in the first six months of the fiscal...
RBI Introduces Single Block and Multiple Debit Features in UPI
On Wednesday, the Reserve Bank of India (RBI) announced the introduction of single-block and multi-block debit functionality in the Unified Payments Interface (UPI). Customers can...
Domestic Investors Make a Shift, Sell Equities Worth Rs 6,300 Crore in November
Domestic institutional investors (DII) continue to slow their equity market investments. They sold about Rs 6,300 crore worth of shares in November 2022, as India’s...
RBI Asks Paytm to Reapply for Payment Aggregator License in 120 Days
On November 26, Paytm informed exchanges that the Reserve Bank of India (RBI) had asked to Paytm Payment Services (PPSL) to reapply for the payment...
RBI to Launch First Pilot Project for Digital Rupee Today
The Reserve Bank of India (RBI) is set to launch the first pilot project of a central bank digital currency (CBDC) or e-rupee on Tuesday,...
Banks Plans to Increase Capital, Provisions for Unhedged FX Exposure: RBI
On 11 October, the Reserve Bank of India (RBI) amended the guidelines for banks for an increase in capital and provisioning requirements in relation to...