Reserve Bank of India (RBI) Archives - Page 9 of 27

Union Budget 2023: FM Retains Revised Estimate for FY23 Fiscal Deficit of 6.4% of GDP

NileshFebruary 1, 2023February 1, 2023

by NileshFebruary 1, 2023February 1, 202301521

Finance Minister Nirmala Sitharaman on February 1 pegged the government’s fiscal deficit for 2023-24 at 5.9% of gross domestic product (GDP), signalling the government’s intention...

BUSINESS

RBI Asks SBM Bank to Halt Transactions Under Remittance Scheme

NileshJanuary 24, 2023

by NileshJanuary 24, 202302871

On Monday, the Reserve Bank of India (RBI) directed SBM Bank’s Indian subsidiary to immediately halt all transactions under the Freedom to Send Money scheme....

BUSINESS

Bombay High Court Grants Relief to Yes Bank AT-1 Bondholders

NileshJanuary 21, 2023January 21, 2023

by NileshJanuary 21, 2023January 21, 202302445

On Friday, investors breathed a sigh of relief when the Bombay High Court quashed the Yes Bank administrator’s order to write down AT-1 bonds worth...

BUSINESS

Paytm Bank Gets RBI Approval to Operate as Bharat Bill Payment Operating Unit

NileshJanuary 16, 2023January 16, 2023

by NileshJanuary 16, 2023January 16, 202301731

On Monday, Paytm Payments Bank said it had received final approval from the Reserve Bank of India (RBI) to operate as the Bharat Bill Payment...

BUSINESS

RBI Asks PayU to Reapply for Payment Aggregator License

NileshJanuary 12, 2023January 12, 2023

by NileshJanuary 12, 2023January 12, 202301854

The Reserve Bank of India (RBI) has reportedly asked online payment gateway PayU India to reapply for its payment aggregator license. Due to the complex...

BUSINESS

BharatPe Gets RBI’s In-Principle Approval for Payment Aggregator Licence

NileshJanuary 11, 2023January 11, 2023

by NileshJanuary 11, 2023January 11, 202302066

Fintech firm BharatPe said on Tuesday it had received in-principle approval from the Reserve Bank of India (RBI) to operate as a payments aggregator. The...

BUSINESS

Customers Need not visit Bank for re-KYC, Says RBI

NileshJanuary 6, 2023January 6, 2023

by NileshJanuary 6, 2023January 6, 202302222

The Reserve Bank of India (RBI) has elucidated that self-declaration by clients through non-face-to-face frequencies will be satisfactory for implementing the re-know your customer course...

MARKETS

Mahindra Finance Rises 3% as RBI Lifts Ban on Outsourced Loan Recovery

NileshJanuary 5, 2023January 5, 2023

by NileshJanuary 5, 2023January 5, 202301851

Shares of Mahindra Finance rose 3% to Rs 240.60 in intraday trade on the BSE on Thursday after the Reserve Bank of India (RBI) lifted...

BUSINESS

NARCL Emerges as Top Bidder for SREI with NPV of Rs 5,555 Crore

NileshJanuary 4, 2023January 4, 2023

by NileshJanuary 4, 2023January 4, 202302524

National Asset Reconstruction Company Ltd (NARCL) emerged as the top bidder in the auction of two finance firms, Srei Infrastructure Finance and Srei Equipment Finance,...

ECONOMY

RBI Working on Alternate Arrangements for Banks Hit by EU Oversight Rule

NileshDecember 30, 2022December 30, 2022

by NileshDecember 30, 2022December 30, 202202234

The Reserve Bank of India is working on alternative arrangements for banks whose local business would be hit if European market regulators withdrew their recognition...

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Tag : Reserve Bank of India (RBI)

Union Budget 2023: FM Retains Revised Estimate for FY23 Fiscal Deficit of 6.4% of GDP

RBI Asks SBM Bank to Halt Transactions Under Remittance Scheme

Bombay High Court Grants Relief to Yes Bank AT-1 Bondholders

Paytm Bank Gets RBI Approval to Operate as Bharat Bill Payment Operating Unit

RBI Asks PayU to Reapply for Payment Aggregator License

BharatPe Gets RBI’s In-Principle Approval for Payment Aggregator Licence

Customers Need not visit Bank for re-KYC, Says RBI

Mahindra Finance Rises 3% as RBI Lifts Ban on Outsourced Loan Recovery

NARCL Emerges as Top Bidder for SREI with NPV of Rs 5,555 Crore

RBI Working on Alternate Arrangements for Banks Hit by EU Oversight Rule

EquityPandit