RBI: Page 2
Working With MeitY And RBI; FM On Ponzi Apps
Cautioning investors against ponzi apps, Sitharaman said investors should do their due diligence and should not be lured by claims of lucrative returns made by them
RBI Approves Appointment Of Kaizad Bharucha And Bhavesh Zaveri
A meeting of the Board of Directors of the Bank will be convened in due course inter alia to give effect to the appointments
RBI Keeps the Repo Rate Unchanged At 6.50 Per Cent
The MPC is a six-member committee comprising Das, Rajiv Ranjan, Ashima Goyal, Shashanka Bhide, Jayanth Varma, and Michael Patra, which held meetings on the 3rd, 5th and 6th of April 2023. The decision to keep the repo rate was a unanimous one.
RBI Governor Urges Payment System Operators To Ensure Good Governance: Report
As per the report, Das asked PSOs to work on formation of self-regulatory organisations (SROs) for the greater good of all stakeholders
India's Forex Reserves Fall By $2.39 Billion To $560 Billion
As per the reports, the exchange reserves recovered last week and stood at $562.40 billion as of the week ended March 3, 2023
Fintech Companies Need a Self-Regulatory Approach, Says RBI Deputy Governor
The Reserve Bank of India (RBI) has said that the financial technology, or fintech, sector should organize itself under a self-regulatory organization that can monitor the conduct of member fintech entities
India Must Prepare To Manage Volatility Risks In Forex Market, Says RBI Deputy Governor
The deputy governor said that India has increasingly aimed to promote trade denominated in Rupees
Daily UPI Transactions Jump 50% To 36 Crore, Says RBI Governor
Shaktikanta Das added that the overall monthly digital payment transactions crossed over INR 1,000-crore-mark each month during the past three months
India Gives Hope For Future, Bill Gates Meets RBI Governor
Bill Gates is currently on a trip to India to witness the progress made in various areas including climate change
Travellers From G20 Countries Can Pay Via UPI, Says RBI
The RBI release also reportedly clarified that the facility is available to travellers from G-20 countries, at selected international airports such as Bengaluru, Mumbai and New Delhi
Indians Spend Over $1 Billion Every Month On Foreign Travel: RBI Data
According to the report, during the April-December period of 2022-23, the outward remittances under the Liberalised Remittance Scheme (LRS) for resident individuals towards 'travel' was $9.95 billion
RBI Updates Rules For Foreign Donations Via NEFT, RTGS
As per the new regulations, under the FCRA, foreign contributions must be received only in the 'FCRA account' of State Bank of India, New Delhi Main Branch
RBI Issues FAQ On Digital Lending Guidelines
The RBI clarified that having a physical interface with customers will not enable lenders to bypass regulations for digital lending
Fintechs Will Fuel Digital Lending Over Traditional Lending By 2030: Report
The research reportedly highlights that the next 100 million customers are likely to have a vastly different profile and expectations than those currently in place
Central Bank Will Launch QR Code-Based Coin Vending Machines
The pilot project is planned to be initially rolled out at 19 locations in 12 cities across the country in places like railway stations, shopping malls, market places