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G20 Summit: Bharat BillPay for NRIs in UK, cross-border payments to become hassle free

Following the operationalisation of the Bharat Bill Payment System (BBPS) in four Middle Eastern nations, India is now planning to expand its presence for cross-border bill payments in the UK. With this, non-resident Indians (NRI) will be able to use the system for direct paym...
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In Manipur, banks advised to defer EMIs for up to 12 months

Amid the situation in the violence-hit Manipur, the banks have been told to extend the moratorium on loans up to 12 months, according to the officials. A bankers’ committee meeting has decided that all banks will reschedule existing loans and sanction fresh ones to borrowers...
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Delhi HC dismisses plea challenging RBI’s decision to withdraw ₹2000 currency notes

A public interest litigation (PIL) challenging the Reserve Bank of India’s (RBI) decision to withdraw ₹2000 banknotes from circulation has been dismissed by Delhi high court. Notably, the withdrawal of ₹2000 currency notes from circulation was announced by the RBI on May...
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Apple plans to introduce its payment feature in India – ‘Apple Pay’: Report

As Apple has set its feet in India, now the multinational technology company looking forward to launching its payment feature called Apple Pay in the country for a long time. Apple likely to launch a new payment feature – Apple Pay According to GSMArena, Apple is planning to...
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₹2,000 notes worth ₹1.80 lakh cr have returned back to banks: RBI

Reserve Bank Governor, Shaktikanta Das on Thursday during the Monetary Policy Committee meeting announced that almost ₹1.80 lakh crore have been deposited in the banks so far. The announcement for the withdrawal of the highest denomination was made last month. For which, Sep...

Inflation to be above 5%, GDP growth forecast 6.5% for 2023-24: RBI

Following the conclusion of its three-day Monetary Policy Committee (MPC) meeting, Reserve Bank of India (RBI) Governor Shaktikanta Das has announc...

RBI plans lightweight payments system for emergency situations: All you need to know

Acknowledging the potential vulnerabilities of current payment systems like RTGS, NEFT, and UPI during catastrophic events that may disrupt communi...

Why is Sep 30 deadline for Rs 2000 exchange? Clarifies RBI Governor

While addressing the media on Monday, Shaktikanta Das, the governor of the Reserve Bank of India (RBI) announced that the withdrawal of Rs 2000 ban...

RBI withdraws ₹2000 note from circulation; exchange facility available till Sept 30

The Reserve Bank of India has decided to stop printing bank notes with the denomination of ₹2000, however they are still apparently considered le...

Truck carrying ₹535 crore breaks down while heading to Villupuram

Around 100 police officers were stationed in Tambaram on Wednesday afternoon in response to smoke coming from a container truck. The truck was susp...

India’s retail inflation falls to an 18-month low of 4.7%

Retail inflation in India fell to an 18-month low of 4.70 per cent in April, according to statistics issued by the National Statistical Office (NSO...

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