[ad_1] The Reserve Bank of India has assured bankers that it can and will step in to manage any market impact due to the outflow of Russian […]
Paytm to generate free cash flow by year end, says CEO Vijay Shekhar
[ad_1] Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official […]
RBI, Central Bank of UAE sign two MoUs for trade in local currencies
[ad_1] The Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) signed two Memoranda of Understanding (MoUs) in Abu Dhabi on Saturday to establish […]
HDFC Bank becomes first to offer interoperability between CBDC and UPI
[ad_1] HDFC Bank, the country’s largest private sector lender, has become the first commercial bank to implement interoperability between United Payment Interface (UPI) and Central Bank Digital […]
India’s campaign to internationalise rupee gets off to a slow start
[ad_1] By Subhadip Sircar and Anup Roy India’s year-old campaign to boost the rupee’s role in cross-border payments has made little headway, according to people familiar with the […]
RBI’s VRRR auction sees tepid demand as banks look for better returns
[ad_1] Banks were hesitant to participate in the Reserve Bank of India (RBI’s) two-day variable rate reverse repo (VRRR) auction on Tuesday as they parked Rs. 67,295 […]
India’s Jan-March current account deficit narrows as trade gap shrinks: RBI
[ad_1] India’s current account deficit narrowed sharply in the January to March quarter, mainly on the back of a moderation in the trade gap and an increase […]
India and UK regulators close to resolving clearing house impasse
[ad_1] By Subhadip Sircar The United Kingdom government has said that Indian clearing houses overseen by the nation’s central bank meet its regulatory requirements, a move […]
Reports of missing Rs 500 notes based on erroneous information, says RBI
[ad_1] India was close to printing Rs 10,000 notes in 2016: All you need to know Provide adequate infra at branches for Rs 2,000 note exchange: RBI to […]
Wilful defaulters may get loan after five years of compromise settlement
[ad_1] RBI to come up with new rules on classification of accounts as fraudulent Top 50 wilful defaulters in India owe Rs 92,570 crore to banks: MoS Karad […]