Reserve Bank of Inda
Latest News
Retail inflation eases to 11-month low of 4.83% in April
PTI -
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...
E-Commerce
Zomato to surrender RBI licence to operate as online payment aggregator
PTI -
Zomato announced the incorporation of ZPPL in 2021 as its wholly owned subsidiary to carry out the business as a payment aggregatorNew Delhi: Food tech major Zomato on Monday said its subsidiary Zomato Payment Pvt Ltd (ZPPL) has decided...
Latest News
PayU gets RBI’s in-principle nod to operate as payment aggregator
PTI -
PayU can now onboard new merchants to provide them digital payment servicesNew Delhi: Fintech firm PayU has received an in-principle approval from the Reserve Bank to operate as a payment aggregator, the company said on Wednesday.In January 2023, RBI...
Consumer Durables & IT
CBI books retail consumer durable chain Sargam Electronics in bank fraud case
PTI -
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...
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RBI issues draft guidelines on payment aggregators
PTI -
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...
Payments
RBI asks Visa, Mastercard to stop card-based commercial payments
PTI -
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...
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Chai Sutta Bar opens 2 outlets in Bengaluru
The newly launched CSB outlets are located at Kalyan Nagar and NagarbhaviBengaluru: Quick service restaurant (QSR) chain Chai Sutta...
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