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...
Tag : Reserve Bank of India (RBI)
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...
IOB, Central Bank of India Surge Up to 20% on Privatisation
Shares of two state-owned banks, Indian Overseas Bank (IOB) and Central Bank of India (CBI), rallied up to 20 per cent on the BSE in...
PM’s Advisory Body Sees 7.5% Growth in FY23
The economic advisory body to the PM has predicted India’s economy to grow 7-7.5 per cent in FY23 and asked for a clear map for...
Dash-led RBI Committee Suggests Regulating Digital Loan Apps
A committee set up by the central bank has suggested reining in controversial digital loan apps through a mix of measures, including creating a nodal...
UBS Forecasts India’s GDP to 9.5% For FY22
Swiss brokerage UBS Securities has revised India’s GDP forecast for the current fiscal to 9.5 per cent from 8.9 per cent in September. The brokerage...
RBI Wants Tax Benefits for Retail Direct Investments
The Reserve Bank of India (RBI) will approach the government to get tax benefits for retail investments in sovereign securities under the Retail Direct Scheme...
IndusInd Bank Slumps 10% Despite Clarification on Loan Evergreening Issue
Shares of IndusInd Bank slumped 10 per cent to Rs 1,069.90 on the BSE in Monday’s opening trade despite the bank management strongly refuting allegations...
Ratio of Currency in Use Records 14.5% of GDP
The ratio of currency in circulation as the balance of GDP reached a record of 14.5 per cent for fiscal 2020-21 amid the raised demand...
