The move comes days after the Reserve Bank of India (RBI) superseded the board of the housing finance company due to governance concerns and payment defaults. It did not specify the nature of the ...

The move comes days after the Reserve Bank of India (RBI) superseded the board of the housing finance company due to governance concerns and payment defaults. It did not specify the nature of the ...

“When Paytm and PhonePe introduced UPI Lite on February 15, 2023, and May 2, 2023, respectively, a sustained increase in UPI Lite payment volumes and values was observed,” the RBI report observes.

A similar growth trajectory is witnessed in card transactions as well, said the RBI report. During CY2024, there were 447.23 crore and 173.90 crore payment transactions worth of Rs 20.37 lakh ...

Rate-sensitive banks, auto and realty stocks led the surge after the Reserve Bank of India (RBI) announced several measures that will help inject over INR 1 trillion liquidity into the banking ...

This is among the first conversations Governor Sanjay Malhotra, who succeeded Shaktikanta Das in December to lead the Reserve Bank of India (RBI), had with banks that has been made public.

The RBI said it intends to shortly initiate the process of resolution of the company under the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and ...

MUMBAI (Reuters) - The Reserve Bank of India (RBI) made net purchases of government bonds in the secondary market last week, marking the first such operation in over three years, data released on ...

New Delhi: India's foreign exchange (forex) reserves dropped by 1.888 billion U.S. dollars to 623.983 billion dollars during the week ended on Jan. 17, the Reserve Bank of India (RBI) has said in ...

The payout stood at 2.1 trillion rupees in the earlier year. The RBI makes an annual payout to the government from the surplus income it earns on investments and valuation changes on its dollar ...

In an effort to combat the rampant problem of phone scams and fraudulent calls, the Reserve Bank of India (RBI) has implemented a new strategy. Recognizing the significant increase in cases where ...

To address this growing concern, the Reserve Bank of India (RBI) has taken a significant step. The RBI has introduced two dedicated phone number series for financial institutions to use when making ...