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97.6 pc of Rs 2,000 banknotes returned by Feb 29: RBI

97.6 pc of Rs 2,000 banknotes returned by Feb 29: RBI

On May 19, 2023, the RBI had announced the withdrawal of Rs 2,000 denomination bank notes from circulation

01 March,2024 03:24 PM IST | Mumbai | PTI
Amazon Pay gets final nod from RBI, expanding its fintech reach

Amazon Pay gets final nod from RBI, expanding its fintech reach

Amazon's finance technology division, Amazon Pay has received a license of Payment Aggregator from the Reserve Bank of India, empowering its e-commerce transactions

27 February,2024 12:53 PM IST | Mumbai | mid-day online correspondent
RBI's action on Paytm has drawn fintechs' attention to compliance of laws: Min

RBI's action on Paytm has drawn fintechs' attention to compliance of laws: Min

According to Chandrasekhar, Minister of State for Electronics and IT, regulatory compliance is not optional but necessary for all businesses, regardless of size or origin.

18 February,2024 02:22 PM IST | Delhi | mid-day online correspondent
ED questions Paytm executives, gets documents on latest RBI action

ED questions Paytm executives, gets documents on latest RBI action

The central agency, according to the sources, is conducting preliminary examination of documents before it decides to launch a formal investigation into the RBI-flagged alleged irregularities at the fintech company under the Foreign Exchange Management Act (FEMA)

15 February,2024 01:16 PM IST | New Delhi | PTI
RBI says no systemic worries, action on Paytm due to

RBI says no systemic worries, action on Paytm due to "persisted non-compliance"

Deputy Governor Swaminathan J said the actions against the fintech have been taken due to "persisted non-compliance"

08 February,2024 01:39 PM IST | Mumbai | PTI
RBI keeps interest rate unchanged at 6.5 per cent for sixth consecutive time

RBI keeps interest rate unchanged at 6.5 per cent for sixth consecutive time

Following RBI's decision to maintain status quo, banks and financial institutions will largely keep lending rates stable

08 February,2024 01:28 PM IST | Mumbai | PTI
Will Paytm work after February 29? Here's everything you need to know...

Will Paytm work after February 29? Here's everything you need to know...

The Reserve Bank of India (RBI) has taken stringent measures against Paytm Payments Bank, restricting the entity from offering additional banking services effective March 2024

02 February,2024 03:52 PM IST | New Delhi | mid-day online correspondent
RBI order to have impact of Rs 300-500 cr on annual operational profit: Paytm

RBI order to have impact of Rs 300-500 cr on annual operational profit: Paytm

The central bank on Wednesday barred Paytm from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024

01 February,2024 09:54 AM IST | New Delhi | PTI
RBI directs Paytm Payments Bank not to onboard new customers after February 29

RBI directs Paytm Payments Bank not to onboard new customers after February 29

Reserve Bank of India (RBI) on Wednesday ordered Paytm Payments Bank to not onboard new customers and also not to undertake further deposits or credit transactions after February 29 this year

31 January,2024 07:56 PM IST | New Delhi | ANI
Former RBI Governor Raghuram Rajan meets Uddhav Thackeray in Mumbai

Former RBI Governor Raghuram Rajan meets Uddhav Thackeray in Mumbai

Former RBI Governor Raghuram Rajan met Shiv Sena (UBT) chief Uddhav Thackeray at the latter's residence in Mumbai

31 January,2024 02:02 PM IST | Mumbai | mid-day online correspondent

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