Public Holds ₹ 7,581 Crore Worth Of ₹ 2,000 Notes: RBI
The RBI reported that 97.87% of ₹ 2000 banknotes have returned to banks, leaving ₹ 7,581 crore in public hands. The ₹ 2000 notes, totaling...
Tag : Reserve Bank of India
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...
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...
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,...
RBI Maintains 6.5% Repo Rate, Prioritizes Inflation Control
Reserve Bank Of India (RBI) Governor Shaktikanta Das announced on Friday that the central bank’s Monetary Policy Committee (MPC) has chosen to keep the repo...
Evergreening of loans: What does it mean?
by Sujit Nair
On Monday, Reserve Bank of India (RBI) Governor Shaktikanta Das raised red flags over banks adopting innovative methods for evergreening of loans – covering up...
MPC Meeting: RBI Keeps Repo Rate Unchanged At 6.50%
by News Desk
The Reserve Bank of India on Thursday announced its bimonthly monetary policy and kept the repo rate unchanged at 6.50 per cent. The RBI’s Monetary...
Tanzania Becomes 18th Country To Accept Trade Settlement In Rupee, Indian Currency Going Global??
by Arti Ghargi
The US Dollar dominates the global currency market. But now it may soon have a new entrant. Indian rupee is edging closer to becoming an...
RBI Imposes Monetary Penalty On 5 Cooperative Banks For Rules Violation
by ANI
The Reserve Bank of India (RBl) has imposed a monetary penalty on five cooperative banks for some contravention or for non-compliance with varied central bank...
RBI Was Not In Loop About Demonetization: Report
An official who was part of the decision-making hinted that there were no proper discussions held about demonetization in the RBI Board New Delhi: The...