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INSANE: 26 - The Real Truth

Daily UPI transactions jump 50% to 36 crore: RBI governor

MUMBAI: Reserve Bank of India governor Shaktikanta Das on Monday said payments through UPI (unified payment interface) have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022.

The Times of India

Forex kitty falls $325 million to $560.94 billion

MUMBAI: India's foreign exchange reserves dropped $325 million to $560.942 billion as of February 24, making it the fourth consecutive week of decline in the kitty, the Reserve Bank of India said on Friday.

The Times of India

RBI imposes Rs 3.06 crore penalty on Amazon Pay for violation of norms

MUMBAI: The Reserve Bank of India on Friday said it has imposed a penalty of over Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction.

The Times of India

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India's Q3 GDP at 4.4%; economy to grow at 7% in FY23

NEW DELHI: India's gross domestic product for the third quarter (September-December 2022) of financial year 2022-23 grew by 4.4%, data released by the Centre showed on Tuesday.

The Times of India

Global uncertainty complicates fight against inflation: MPC minutes

MUMBAI: The continuing global uncertainty has complicated the fight against inflation, opined Reserve Bank deputy governor Michael Debabrata Patra during the Monetary Policy Committee meeting held on February 8.

The Times of India

Investors lose Rs 6.97 lakh crore in 4 days as stock markets fall

NEW DELHI: Domestic equity indices extended their fall for the fourth session in a row, wiping off Rs 6.97 lakh crore of investor's money.

The Times of India

Foreign travellers from G20 nations can now pay via UPI in India: RBI

NEW DELHI: Travellers coming to India can now use United Payments Interface (UPI) for making payments in the country from today, the Reserve Bank of India (RBI) said in an official release on Tuesday.

The Times of India

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RBI cancels licence of MP-based Garha Co-operative Bank

MUMBAI: The Reserve Bank of India (RBI) on Monday cancelled licence of Garha Co-operative Bank, Guna in Madhya Pradesh as the lender does not have adequate capital and earning prospects.

The Times of India

Government further reduces wheat auction prices to check inflation

NEW DELHI: The department of food and public distribution (DFPD) has decided to further reduce the reserve price for wheat up to March 31.

The Times of India

India may consider tax cuts on fuel, maize to cool inflation: Report

NEW DELHI: India's retail inflation based on consumer price index (CPI) jumped to a 3-month high of 6.52% in January, making it necessary for the government to step and tame the rise.

The Times of India

HDFC Bank begins offline payment pilot under RBI sandbox

MUMBAI: The country's largest private sector lender HDFC Bank on Monday said it is attempting to execute digital payments in an offline mode under a regulatory facility to test innovations.

The Times of India

Adani vs Hindenburg saga: 10 things which have happened so far

NEW DELHI: Amid reports of cut in growth targets and capex, Adani Group on Monday said that its growth plans are intact, business plans are fully funded and it remains confident of delivering returns to shareholders.

The Times of India

Retail inflation breaches RBI's comfort zone after 3 months, rises to 6.52% in January

NEW DELHI: Retail inflation based on consumer price index (CPI) rises to 6.52% in January, breaching Reserve Bank of India's (RBI) comfort zone after 3 months, data released by the government showed on Monday.

The Times of India

Delhi: Fake RBI Documents Worth Rs.88k Crore Seized By CISF At IGI Airport; Three Passengers Nabbed

Fake Reserve Bank of India (RBI) documents worth Rs. 88 thousand crores were seized at the Indira Gandhi International Airport. Read further on Dynamite News:

Dynamite News

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The Times of India

RBI updates 'Alert List' of entities not authorised to deal in forex trading

MUMBAI: The Reserve Bank on Friday updated its 'Alert List' for the public on unauthorised forex trading platforms to include names of entities/platforms/ websites which appear to be promoting such entities.

Newslaundry

Daily Dose Ep 1272: PM hits out at Opposition, BJP MP’s move against Rahul Gandhi

Saeeduzzaman brings you the news from Parliament, Supreme Court, RBI, Turkey, and Syria.

The Times of India

Consumer confidence improves further in January; future expectations at 2-year high: RBI survey

NEW DELHI: Consumer confidence showed further improvement for both current period as well as for the year ahead, a survey by Reserve Bank of India (RBI) showed on Wednesday.

The Times of India

Digital currency has 50,000 users, 5,000 merchants: RBI

MUMBAI: The recently launched retail central bank digital currency (CBDC) pilot has 50,000 users and 5,000 merchants, the RBI said on Wednesday.

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The Times of India

Sensex rebounds 377 points, Nifty closes above 17,850 as RBI slows down rate hike

MUMBAI: Benchmark sensex rebounded 377 points while Nifty closed above the 17,850 level on buying in IT, financial and oil stocks after the RBI slowed down the pace of interest rate hikes on Wednesday.

Dynamite News

RBI Proposes UPI Payments Facility For Inbound Travellers

Taking into account the popularity of the UPI payment system, the Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country. Read further on Dynamite News:

Dynamite News

RBI MPC Raises Repo Rate By 25 BPS To 6.5 pc

The Monetary Policy Committee (MPC) of the Reserve Bank of India decided to raise the key benchmark interest rate by 25 basis points to 6.5 per cent on Wednesday. Read further on Dynamite News:

The Times of India

Sensex, Nifty decline for 2nd day on selling in FMCG, steel stocks

MUMBAI: Benchmark equity indices sensex and Nifty closed lower for a second straight day on Tuesday due to selling in FMCG, metal and auto shares ahead of the RBI monetary policy.

The Times of India

RBI's Monetary Policy Committee meeting starts amid expectations of lower rate hike

MUMBAI: RBI governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Monday amid expectations of a smaller 25 basis points rate increase or a pause on the rate hiking spree that started in May last year to check inflation.

The Times of India

Nirmala Sitharaman assures investors, RBI says keeping vigil: Top developments in Adani-Hindenburg row

NEW DELHI: After 6 days of market rout, few of the Adani Group stocks rebounded on Friday after French energy company TotalEnergies' positive sentiment on the firm.

The Times of India

Banking sector remains resilient and stable, says RBI

NEW DELHI: The Reserve Bank of India (RBI) on Friday said that the Indian banking sector remains resilient and stable.

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