Nium to Take Over Wirecard’s Forex Unit in India
Global payments platform Nium has signed an agreement to acquire Wirecard’s foreign exchange unit in India. Wirecard Forex India is a licensed authorised dealer under...
Tag : Reserve Bank of India (RBI)
HDFC Bank to Refund GPS Device Commission to Auto Loan Customers
HDFC Bank Ltd has said that it will refund commissions to auto loan customers who had ‘vailed of’ a bundled GPS device between FY14 to...
RBI to Invest in Top-Rated Foreign Corporate Bonds
The Reserve Bank of India (RBI) is assessing the option of investing in top-rated foreign corporate bonds to generate higher yields. If the plan is...
MK Jain Reappointed as Deputy Governor of RBI
The Reserve Bank of India (RBI) on June 10 said Mahesh Kumar Jain has been re-appointed as Deputy Governor for two years. The RBI said...
India’s Forex Reserves Rises Around $600 Billion, Says RBI
The Reserve Bank of India (RBI) announced during its Monetary Policy on June 4 that India’s forex reserves have risen to $598 billion. “The strength...
HDFC Bank Warns of Scamsters Calls to Customer
HDFC Bank has warned its customers of scamsters calls using fake bank helpline numbers. “Received a message for an FD/RD transaction you didn’t make? Scamsters...
Trade Associations Urge RBI to Put Off New Audit Rules
High trade associations have urged the Reserve Bank of India (RBI) to place off the execution of its new auditing rules for banks and NBFCs...
Gold Prices Jump to Near 4-Month High
Gold and silver prices today edged higher in Indian markets, tracking positive global cues. On MCX, gold rose 0.24per cent to near four-month high of...
Centre Plans Rs 1 Lakh Crore Covid-19 Pandemic Fund
India is considering setting up a pandemic pool worth at least Rs 1 lakh crore to financially help uninsured citizens whose incomes or health get...
Currency in Circulation Hits Rs 29 Lakh Crore
The unrelenting rise in currency in circulation has continued into FY22 with Indians withdrawing over Rs 57,800 crore in the first four weeks of April...
