Can’t Charge ‘Exorbitant Fees’: Supreme Court on Bar Councils
The Supreme Court on Tuesday ruled that state bar councils cannot impose āexorbitant feesā for enrolling law graduates as lawyers. The court stated, āBar councils...
Search Results for: RBI
Public Holds ā¹ 7,581 Crore Worth Of ā¹ 2,000 Notes: RBI
The RBI reported that 97.87% of ā¹ 2000 banknotes have returned to banks, leaving ā¹ 7,581 crore in public hands. The ā¹ 2000 notes, totaling...
RBI Maintains Repo Rate At 6.5% For Seventh Consecutive Time
The Reserve Bank of India (RBI) has opted to maintain the key repo rate at 6.5% to continue its focus on curbing inflation. This marks...
RBI Introducing DIGITA To Halt Illegal Loan Apps
The Reserve Bank of India (RBI) is addressing the surge in illegal loan-giving apps and cyber fraud by proposing DIGITA, a Digital India Trust Agency....
RBI Governor On Action Against Paytm Payments Bank
RBI Governor Shaktikanta Das stated that Paytm Payments Bank was afforded ample time before regulatory action was taken. Das emphasized the central bank’s thorough supervisory...
RBI Maintains 6.5% Repo Rate, Prioritizes Inflation Control
RBI Governor Shaktikanta Das announced that the Monetary Policy Committee (MPC) opted to keep the repo rate at 6.5%, aligning with economists’ expectations. This marks...
Paytm CEO Vijay Sharma Meets RBI, FM Nirmala Sitharaman
The founder and CEO of Paytm, Vijay Shekhar Sharma, recently convened with Finance Minister Nirmala Sitharaman and representatives from the Reserve Bank of India (RBI)...
Paytm Denies Money Laundering Probe Amid RBI Action
Paytm denies ED money laundering probe amid RBI restrictions. RBI concerns over Paytm accounts’ compliance and potential money laundering prompt stricter measures. Revenue Secretary Sanjay...
Paytm Assures Continued Service Amid RBI Restrictions
Paytm CEO Vijay Shekhar Sharma reassured users about uninterrupted service despite RBI restrictions. Sharma thanked users for their support and pledged to continue serving the...
Why RBI Has Put Restrictions On Paytm Payments?
On Wednesday, the Reserve Bank of India (RBI) directed Paytm Payments Bank to cease taking new deposits into its wallets or accounts after February 29,...