RBI Forces Restrictions on Indian Mercantile Cooperative Bank Ltd
The Reserve Bank of India (RBI) has imposed several restrictions on Indian Mercantile Cooperative Bank Ltd, Lucknow, including a cap of Rs 1 lakh on...
Tag : Reserve Bank of India (RBI)
RBI to Conduct VRR Auction of Rs 75K Crores
The Reserve Bank of India (RBI) announced that it would be conducting a Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) of...
RBI Conducts Rate Repo Auction of Rs 50K Cr
The Reserve Bank of India (RBI) has conducted a rate repo operation instead of pledging its regular variable rate reverse repo operations (VRRR) after the...
RBI Releases Eligibility Criteria of CICs
The Reserve Bank of India (RBI) released the eligibility criteria for entities under ‘Specified User’ of Credit Information Companies (CICs). The requirements have the conditions...
India’s Services Growth Drops in December at 55.5 PMI
India’s services sector grew for a fifth continuous month in December. Purchasing Managers’ Index (PMI) decreased to 55.5 in December from 58.1 in November. Export...
RBI Extends Card Tokenization Deadline Till June 2022
The Reserve Bank of India (RBI) has extended the deadline to comply with new card storage rules by another six months to June 2022, following...
RBI Raises Concerns Over Stablecoins
The Reserve Bank of India (RBI) has raised worries about stablecoins and said that any crypto asset attached to other global currencies could damage the...
Digital Platforms Asks 6 Months Extension for Tokenisation from RBI
Startups and digital platforms have urged the Reserve Bank of India (RBI) to extend at least six months from the December 31, 2021 deadline for...
Paytm Payments Bank Receives Scheduled Bank Status From RBI
Paytm Payments Bank said it had been given the Reserve Bank of India (RBI). The bank has been included in the Second Schedule to the...
Indian Firms Raises $1.34 Billion From Foreign Markets in October
Indian firms raised about $1.34 billion from foreign markets in October this year, which was down 34 per cent from the last year, the Reserve...