RBI Signs MoU with UAE Central Bank to Facilitate Cross-Border CBDC Transactions
The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) have signed an MoU on financial product innovation in...
Tag : Reserve Bank of India (RBI)
Forex Reserves at 3-Month Low, High Volatility Predicted
The Reserve Bank of India (RBI) has reported that India’s foreign exchange reserves have fallen by $2.4 billion to $560 billion in the week ending...
RBI Imposes Rs 5 Lakh Fine on HDFC
On Friday, the Reserve Bank of India said it had fined Housing Development Finance Corporation Limited (HDFC) Rs 5 lakh for non-compliance with specific regulations...
IDBI Bank Privatisation Follows Strategic Sale Process, DIPAM Says
The Government of India has confirmed that the divestment of IDBI Bank is proceeding according to the defined strategic sale process. The Industrial Development Bank...
PhonePe Raises Another $200 Million in Ongoing Funding from its Biggest Shareholder Walmart
Digital payments and financial services unicorn PhonePe have raised another $200 million in an ongoing $1 billion funding round from its largest shareholder, Walmart, at...
Yes Bank Shares Fall 13% Intraday as 3-Year Shareholder Lock-in Period Ends
Shares of YES Bank fell 13% to an 8-month low of Rs 14.40 on the BSE in intraday trade on Monday after a three-year lock-in...
ICICI Lombard Share Gains as RBI Agrees to Extend Stake Sale Deadline
Shares of ICICI Lombard rose more than 3% on Monday after the Reserve Bank of India (RBI) granted ICICI Bank a deadline of September 9,...
IndusInd Bank Shares Fall 5% as RBI Reappoints MD, CEO for Shorter Terms
Shares of IndusInd Bank fell 5% to Rs 1,084 in intraday trade on Monday after the Reserve Bank of India (RBI) approved the reappointment of...
Yes Bank Shares Flat as SBI’s 3-Year Lock-In Period Ends This Week
Shares of YES Bank opened lower on Monday as State Bank of India’s (SBI) three-year lock-in period ended this week. However, the stock recovered quickly...
RBI Fines Nakodar Hindu Urban Cooperative Bank
The Reserve Bank of India (RBI) said on March 6 that it had imposed a fine of Rs 3 lakh on Nakodar Hindu Urban Cooperative...