Bengaluru-based fintech EximPe has secured RBI’s Payment Aggregator–Cross Border (PA-CB) in-principle licence, enabling it to directly handle cross-border pay-ins and pay-outs for Indian businesses — a milestone that positions EximPe as a key player in India’s growing global payments ecosystem.
View More EximPe Gets RBI Nod for Cross-Border Payments with PA-CB Licence
Customers may soon see higher ATM withdrawal charges as banks adjust to the new fee structure.
View More RBI Approves ATM Fee Hike, Banks Likely to Pass Cost to Customers
NEW DELHI: The Reserve Bank of India’s (RBI) latest data for January 2025 highlights a continued slowdown in overall loan growth, which remains below 12%…
View More Retail Growth Slows, Gold Loans Surge: A Look at India’s Lending Trends
Reserve Bank of India (RBI) has made a crucial shift in its regulatory stance to ease liquidity challenges and support banks, NBFCs, and MFIs.
View More RBI’s bold moves signal pro-growth shift; Elara Capital positive on frontline private banks
NEW DELHI: Former Reserve Bank of India (RBI) Governor Shaktikanta Das has been appointed as the Principal Secretary-2 to Prime Minister Narendra Modi. His tenure…
View More Fmr RBI Governor Shaktikanta Das Appointed Principal Secretary-2 to PM Modi
NEW DELHI: The Reserve Bank of India (RBI) has announced a 25-basis-point reduction in the policy repo rate, bringing it down from 6.5% to 6.25%.…
View More RBI cuts repo rate by 25 bps, maintains neutral stance
In its fifth bi-monthly monetary policy meeting for FY25, the Reserve Bank of India (RBI), led by Governor Shaktikanta Das, decided by a 4-to-2 majority to maintain a ‘neutral’ monetary policy stance.
View More RBI keeps Repo Rate unchanged at 6.5%, cuts CRR to 4% amid economic challenges
Retail inflation, after averaging 6.7% in FY23, declined to 5.4% in FY24, thanks to effective administrative and monetary policy responses. Food inflation rose from 6.6% in FY23 to 7.5% in FY24
View More Economic Survey 2023-24: Core inflation at 9-year low; Food inflation increased
The RBI’s directive, issued under Section 35A of the Banking Regulation Act, 1949, underscores the central bank’s concerns about deficiencies observed during its IT examinations of KMB for the years 2022 and 2023. Despite receiving corrective action plans from the RBI in both years, subsequent assessments revealed ongoing non-compliance by the bank.
View More RBI restricts Kotak Mahindra Bank from online customer onboarding
The RBI’s Monetary Policy Committee kept the repo rate unchanged at 6.5%, signaling stability amid a complex economic landscape.
View More RBI holds repo rate unchanged in first monetary policy of FY25
This decision marks the sixth consecutive time that the RBI has refrained from altering the rate for the financial year 2023–24, underscoring stability in monetary policy.
View More RBI holds repo rate steady at 6.5% amidst optimistic economic projections
NEW DELHI: Paytm CEO Vijay Shekhar Sharma came under limelight after the Reserve Bank of India (RBI) imposed restrictions on the Paytm Payments Bank, prohibiting…
View More Caught on cam: Paytm CEO’s bizarre reaction when asked about RBI ban
