India’s Retail Inflation Eases To 4.85% In March
According to government data released on April 12, 2024, retail inflation dropped to a 10-month low of 4.85% in March from February’s 5.09%. Economists polled...
Tag : RBI
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....
Paytm Reduces 20% Of Its Workforce
Paytm Payments Bank Limited (PPBL) is considering a workforce reduction of about 20% amid uncertainties regarding the bank’s future. The decision reportedly stems from the...
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...
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,...
Bomb Threats In Mumbai: Sender Demands FM Nirmala Sitharaman’s Resignation
A panic-inducing threat email was sent to the Reserve Bank, alleging 11 bomb blasts in Mumbai, despite an extensive search, no suspicious items were found...
RBI Raises AlarmĀ
by Sanjay Jog
The Reserve Bank of India (RBI) in its report on āāState Finances: A Study of Budgets of 2023-24āā said the return to the OPS by...