Rbi News

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RBI reveals alarming 400 percent surge in online payment fraud cases

The Reserve Bank of India has released concerning data on fraud cases from the last financial year. The surge in UPI payments has been accompanied by a significant increase in online fraud incidents. ...

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India's central bank relocates 100 tonnes of gold from UK for first time ever since 1991; Deets inside

According to the data, at the end of March RBI had around 822.1 tonnes of gold, of which 413.8 tonnes were stored overseas. The amount of precious metal that RBI has stocked up has increased gradually over the years. ...

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RBI proposes cash deposits through UPI: Here's how it will work

With the most recent release, you may now use your UPI to deposit cash at Cash Deposit Machines (CDMs) rather than requiring an ATM or debit card....

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Paytm denies 50% layoff reports post RBI's Payments Bank action

Paytm has stated that it is presently conducting its annual appraisal process, a standard practice across organizations, which does not signify any layoffs....

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RBI Governor: 85% of Paytm wallet users spared disruption; Others urged to link Wallet to Alternate Banks

Paytm Payments Bank was prohibited by the Reserve Bank of India on January 31 from taking deposits, credit transactions, or top-ups in any of its client accounts....

Vijay Shekhar Sharma

Paytm CEO Vijay Shekhar Sharma's initial response to RBI move: 'Valuable lessons acquired...'

Not withstanding the obstacles, Vijay expressed gratitude for the work regulators are doing to foster a supportive atmosphere for entrepreneurs....

Paytm Payments Bank fined Rs 5.49 crore for violating money laundering rules

Paytm Payments Bank fined Rs 5.49 crore for violating money laundering rules

The decision follows ongoing scrutiny of PPBL by the Reserve Bank of India (RBI) due to persistent non-compliance and significant supervisory concerns...

Paytm Payment Bank

Paytm ends all inter-company deals with its payments bank after RBI's crackdown

Paytm has announced it is terminating all inter-company agreements with its payments bank, Paytm Payments Bank, in order to reduce dependencies betwee...

RBI prohibited Paytm Payments Bank on January 31. since the RBI had discovered a lot of anomalies.

RBI Decision on Paytm Payments Bank: Implications for Customers and Company

With the interests of Paytm Payments Bank clients in mind, the Reserve Bank of India made a significant judgement. Paytm and Paytm Payments Bank UPI u...

RBI

RBI Governor emphasises vigilance in banking system against risk growth, here's why

Banks were also encouraged to actively engage in RBI's fintech initiatives and bolster their Digital Banking Units (DBUs) to enhance digital banking s...

Paytm Payment Bank

Paytm appoints advisory panel led by former SEBI chief, here's why

M. Damodaran, the former chairman of SEBI, will lead the committee, which will provide strategic counsel to ensure compliance with regulatory standard...

Shaktikanta Das

RBI on clampdown against Paytm: ‘Persistent Non-Compliance’

The clampdown on Paytm by the RBI is expected to have significant repercussions, both for the company itself and its user base. This action raises que...

RBI Governor

RBI holds interest rates steady for sixth meeting in a row

On Thursday, the Reserve Bank of India's Monetary Policy Committee voted to maintain the key policy rate at 6.5 percent during their latest meeting....

RBI

RBI monetary policy: What to expect from feb 8 decisions

The RBI's Monetary Policy Committee has kept the key repo rate unchanged at 6.5% for the last five consecutive meetings through December 2023. ...

HDFC Bank

HDFC Bank Group receives RBI approval to acquire up to 9.5% stake in six banks

Although HDFC Bank does not have intentions to directly invest in these banks, it anticipated that the "aggregate holding" of HDFC Bank group might ex...

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