RBI Imposes Penalty On Amazon Pay For Violation Of Norms
The penalty is based on deficiencies in regulatory compliance
RBI MPC Minutes Show Deepening Concerns Over Inflation Pressures
In a world of extreme uncertainty, India is witnessing a conducive environment of macroeconomic stability
RBI Issues Draft Norms For Lending & Borrowing Of Government Securities
The move is aimed at improving liquidity and price discovery in the market
RBI Granted In-Principle Approval To 32 Existing Payment Aggregators, Allowing Them To Continue Their Operations
The RBI had come out with the payment aggregator framework in March 2020...
Finance Minister: Government Aims At Purely Reducing The Tax Burden On The Middle Class
She said that it is not necessary to induce individuals to invest through government schemes but give them an opportunity to make personal decisions regarding investments.
India’s Foreign Exchange Reserves Drop By $1.494 Billion To $575.267 Billion
The country's forex kitty reached an all-time high of USD 645 billion..
RBI Governor: Indian Banking System Is Much Stronger And Larger To Be Impacted By An Individual Incident
Governor Das pointed out that the loan appraisal process at banks has also undergone improvements over the last few years..
Loan EMIs To Go Up As Repo Rate Hiked By 25 Bps To 6.5%
The RBI has brought down the liquidity surplus in the banking system to below 2 trillion rupees ($24.19 billion) from around 9-10 trillion rupees..
Rupee Gains 4 Paise To 82.66 Against US Dollar In Early Trade
At the interbank foreign exchange, the domestic unit opened strong at 82.67 against the dollar, then inched higher to 82.66, a rise of 4 paise over its last close...
RBI Deputy Governor: India Is Vulnerable To Climate Change
There is a need to take action given the country's long coastline, a high share of fossil fuels in energy systems and dependence on rural livelihoods on agriculture.
