This alarming rise coincides with India's transformation into a digital payments powerhouse.
Previously, a significant portion of India's gold reserves was stored abroad, including with the Bank of England.
The RBI has sent a clear message to ARC chiefs that they must follow the regulations in both letter and spirit. “During...
The RBI has alerted customers about a Gurgaon-based company, TalkCharge, issuing Prepaid Payment Instruments (Wallets)...
The RBI's decision comes in light of the bank's failure to address concerns highlighted during IT examinations for the...
He has also contributed as an IMF Consultant from 2005 to 2011.
Climate change directly affects inflation by disrupting agricultural production and global supply chains through adverse...
India has seen robust GDP growth averaging above 8% over the period 2021-24 despite the global economy witnessing a...
The RBI clarified that after March 15, no further deposits, credit transactions, top-ups, or recharging of FASTags...
Bengaluru: The digital payment service in India, Paytm, said on Friday that it has agreed with its payment bank unit to...
The RBI highlighted significant discrepancies between reported and assessed non-performing assets.
If the request by Paytm is approved, the app could continue processing payments via UPI- unified payments interface
RBI has instructed the bank to ensure that customers can withdraw or utilise the balance amount in their accounts even...
The directive was rooted in concerns of "persistent non-compliance" observed by the central bank.
