PayNearby to Start Cross-Border Remittance Services by October
Fintech startup PayNearby will launch a cross-border remittance service in October, allowing recipients to withdraw the amount at their request rather than withdrawing the entire...
Tag : Reserve Bank of India (RBI)
RBI Allows IDBI Bank Bidders to Own More Than 40%
The government and LIC want to sell 51-74% of the lender through a strategic divestment. The official said the banking regulator had informed that it would...
Yes Bank Shares Up 18% in One Month Amid Investment Boom
On July 22, shares of Yes Bank gained interest from buyers for the fifth day in a row, with reports that Carlyle and Advent were...
RBI Closer to Its Inflation Mandate Than Other Central Banks
Central banks worldwide have been raising interest rates frantically to curb inflation. The Reserve Bank of India (RBI) is closer to its inflation target than...
India Sees Fastest Interest Rate Hikes Among Its Asian Peers
Most central banks have been raising interest rates to control inflation. However, a comparison with other large emerging market economies (EMEs) in Asia shows that...
Govt to Auction Rs 32K Crore of Four Gilts on July 15
On July 11, the Ministry of Finance announced the Government of India would auction four gilts worth Rs 32,000 crore on July 15. According to...
India’s Foreign Exchange Reserves Decline $4.6 Billion to $596 Billion
The Reserve Bank of India (RBI) released the latest data showing that India’s foreign exchange reserves fell by $4.6 billion to $596 billion on June...
Over 1.18 Crore Payment Devices Deployed Nationwide till April: RBI Data
As of April 30, 2022, more than 4.11 lakh PoS, mobile PoS and other physical devices have been deployed across the country under the Payments...
RBI Proposes to Increase Subsidy Amount, Simplify Claims Process Under PIDF Scheme
On June 8, The Reserve Bank of India (RBI) proposed to increase the subsidy amount and simplify the claims process under the Payments Infrastructure Development...
Provisions, Reverse Repo Ops Hit RBI Dividends
Last week the Reserve Bank of India (RBI) had to pay the government its lowest dividend in 10 years. The reason becomes clear in the...