RBI

The growth is aided by a revival in rural consumption, a pickup in government consumption and investment, and strong services exportsMumbai: The Indian economy is exhibiting resilience and stability, and the gross domestic product (GDP) is projected to grow...

A PPI issuer, in its capacity as a payment system provider, should not oonboardcustomers of any bank or any other PPI issuerNew Delhi: The Reserve Bank on Friday allowed prepaid payment ininstrumentolders to make and receive UPI payments through...

UPI Lite transactions are offline to the extent that an Additional Factor of Authentication (AFA) is not required, and transaction alerts are not sent in real-timeNew Delhi: The Reserve Bank on Wednesday increased the UPI Lite wallet limit to...

The central bank has projected the CPI inflation for 2024-25 at 4.5%New Delhi: Retail inflation eased to an 11-month low of 4.83% in April as prices of some kitchen items declined though overall food basket firmed up marginally, according...

These hubs can help further promote exports through e-commerce mediumsNew Delhi: Developing e-commerce hubs in the country to further promote India's exports through online medium are expected to figure in the commerce ministry's 100-day agenda roadmap for the new...

The SBI, in its complaint, now part of the FIR, has alleged that the company and its directors shifted and sold the stock hypothecated to the SBI without informing the bank and proceeds were not deposited with the bankNew...

The payments ecosystem in India includes online PAs and PAs, which facilitate face-to-face/proximity payment transactionsNew Delhi: The Reserve Bank on Tuesday came out with draft guidelines to further strengthen regulations on payment aggregators, a move aimed at boosting the...

The move assumes significance as Paytm Payments Bank Limited (PPBL) is under the RBI's lens over persistent non-compliance and continued material supervisory concernsNew Delhi: Amid RBI's action on its associate firm, One 97 Communications on Friday said the board has...

The development comes on the heels of the RBI initiating regulatory actions against Paytm Payments BankNew Delhi: The Reserve Bank has asked international payments major Visa and Mastercard to stop card-based commercial payments made by small and large businesses...

One97 Communications Ltd (OCL) has an investment from Chinese firm Ant Group CoNew Delhi: The government is examining foreign direct investment from China in Paytm Payments Services Ltd (PPSL), the payment aggregator subsidiary of One97 Communications Ltd, sources said.In...