RBI reports that 98.47% of ₹2000 currency notes have been returned.
The Reserve Bank announced on Friday that 98.47% of the ₹2000 banknotes currently in circulation have been returned. On May 19, 2023, the…
RBI Launches Mission SAKSHAM to Enhance Skills of Urban Cooperative Bank Personnel and Board Members
The Reserve Bank of India (RBI) has introduced Mission SAKSHAM, a comprehensive capacity-building initiative designed to reinforce the urban…
Key News Highlights: Reliance Reports Q4 Revenue Spike, RBI Revokes Paytm Payments Bank License, Raghav Chadha Joins BJP
Reliance Industries has announced a robust 13% YoY increase in consolidated revenues, driven by substantial growth in its retail and telecom…
RBI Engages with Banks to Explore Strategies for Increasing Stable Deposits
India’s central bank is soliciting feedback from commercial lenders on strategies to attract larger and more stable deposits, as a shift in…
Major Headlines: JD Vance Travels to Pakistan for US-Iran Discussions, Market Surge, RBI Suggests Revisions for NBFCs, and More
US Vice President JD Vance is en route from Washington to Islamabad for significant peace talks involving Iran, with Pakistan facilitating…
Headlines: Trump Intensifies Iran Statements, ₹ Strengthens Following RBI Measures, Oil Prices Exceed $110, and Additional News
Global markets have reverted to a risk-off sentiment amid escalating tensions in West Asia, as Donald Trump cautioned about ongoing military…
Banks Call on RBI to Ease New Regulations Amid $30 Billion Deleveraging Threat
Lenders in India are calling on the central bank to ease the stricter regulations on foreign-exchange transactions, which have surged to at…
RBI Might Advocate for Board Changes at IndusInd Bank Following Hedging Controversy Over a Year Ago
Sources from the RBI indicate that several significant matters requiring the board’s attention were overlooked. Additionally, the bank is…
India approves updates to salaries and pensions for insurance employees, NABARD, and RBI retirees.
The Central Government has authorized wage adjustments for employees of Public Sector General Insurance Companies (PSGICs) and the National…
Payoneer Receives Preliminary Approval from RBI to Function as a Cross-Border Payment Processor.
Payoneer India, a fintech company, has obtained in-principle approval from the Reserve Bank of India to function as a payment aggregator for…