RBI

RBI approves Open, Cashfree Payments, PayNearby and Fairexpay for Cross-Border Payments 

The Reserve Bank of India gave the go-ahead to Open, Cashfree Payments, PayNearby & Fairexpay, providers of…

RBI extends date for implementation of provisions concerning card issuance

The Reserve Bank of India has notified that it has extended the timeline for implementation…

RBI appointed Anand Mahindra and Venu Srinivasan to RBI Board

The Central Government has nominated Anand Gopal Mahindra (Chairman of Mahindra group), Venu Srinivasan (TVS Motor’s…

RBI decides to give ₹30,307 cr FY22 dividend to Centre

The RBI has approved a dividend payment of Rs. 30,307 crore to the Centre for the fiscal year 2021-22. The…

BSE named Ex RBI Deputy Governor SS Mundra as Chairman

Leading stock exchange BSE Limited approved the appointment of SS Mundra, Public Interest Director as…

RBI imposed Rs 59 lakh penalty on KEB Hana Bank

The Reserve Bank of India (RBI) has levied a monetary penalty of 59 lakh rupees…

RBI raises repo rate by 40 basis points to 4.40%

The Reserve Bank of India (RBI) has raised the Repo rate by 40 basis points to…

RBI releases Guidelines on Establishment of Digital Banking Units (DBUs)

The Reserve Bank of India (RBI) on Thursday issued guidelines for the establishment of ‘Digital…

RBI lifts interest cap on microfinance institutions

The RBI has released its final guidelines for microfinance loans, lifting an interest cap and allowing companies to have…

RBI barred Paytm Payments Bank from adding new customers

RBI has barred Paytm Payments Bank from opening new accounts or adding new subscribers with immediate effect. RBI…