Paytm Hits New Low, Tanks 74% From Issue Price
On Tuesday, Paytm traded down 0.5 per cent at Rs 562.65, as against a 0.2 per cent decline on the benchmark index. A combined 4.2...
Tag : Reserve Bank of India (RBI)
HDFC Bank Gains 3% as RBI Lifts Restrictions on New Digital Initiatives
HDFC Bank Ltd’s shares have risen 3 per cent to Rs 1,436.70 on the BSE in Monday’s intra-day trade as the Reserve Bank of India...
Paytm Tanks 13%, Hits New Low
Shares of One97 Communications, the parent company of digital payments significant Paytm, tanked as much as 13 per cent to hit a new low of...
SBI Plans Separate Digital Bank, to Revamp App to ‘Only Yono’
State Bank of India (SBI) is planning a separate digital entity. It will revamp its current mobile application, rechristening it ‘Only Yono’, as part of...
RBI Governor Shaktikanta Das Launches UPI for Feature Phones
Reserve Bank of India (RBI) Governor Shaktikanta Das launched UPI for feature phones called UPI123Pay. He also introduced a 24×7 helpline for digital payments, i.e....
RBI Relaxes New Prudential Norms For All Lenders
The Reserve Bank of India (RBI) relaxed the new prudential norms for all lenders, including shadow banks, by extending the time till September 2022 to...
RBI Allows NBFCs to Issue Credit Cards
The Reserve Bank of India (RBI) is allowing some non-banking financial companies (NBFCs) to issue credit cards, but it will have strict conditions so that...
Crypto Tax: Budget Proposal Spurs Talk of Legality, ‘Grey Area’
The government has said that trading in crypto assets is illegal after it announced taxing such transactions, just like winnings from gambling. “They are in...