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Reserve Bank Of India News

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Why is RBI's gold reserves at all time high amid soaring prices?

RBI's foreign exchange reserves have also hit an all-time high, soaring to $645.6 billion by the end of March 2024....
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Man receives message on phone, looses Rs 16 lakh in one second; Here's what happened

As financial scams continue to proliferate, vigilance remains the cornerstone of defense against such nefarious schemes. ...
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What are RBI's new restrictions for Paytm Payment's Bank? All you need to know about its aftermath

The latest directive from the RBI prohibits Paytm Payments Bank from accepting new deposits, credit transactions, or top-ups until March 15, 2024....
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Paytm partners with Axis Bank, says QR, Soundbox will continue to work like always

RBI has relaxed the deadline by 15 days more before curbs kick in for Paytm...
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India's forex reserves experience decline, reaching $617.23 billion: RBI report

India's foreign exchange reserves encompass various components, including the country's reserve tranche position in the International Monetary Fund (IMF)....
Mastercard, visa

Why did RBI suspend Mastercard, Visa’s card-based commercial payments

A letter issued by the banking regulator directs the firms to suspend all business payment solution providers’ (BPSP) transactions till further noti...
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. ...
Paytm Payment Bank

RBI imposes ban on THESE services of Paytm Payment Bank; Changes effective after February 29

Paytm Payment Bank: This decision stems from non-compliance with regulatory guidelines, prompting the RBI to take decisive steps....
Nirmala Sitharaman speaking

Budget 2024: Will a dividend target of Rs 70,000 cr from RBI, banks aid lowering fiscal deficit?

Budget 2024: The government anticipates receiving around Rs 70,000 crore from the Reserve Bank of India (RBI) and financial institutions (FIs) in the ...
RBI

RBI maintains status quo in policy rate for 5th time now

RBI repo rate remains unchanged for the fifth consecutive time at 6.5%....

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