Reserve Bank of India

Will Paytm Be Able To Survive The Recent Crisis?

Will Paytm Be Able To Survive The Recent Crisis?

Paytm has been going through a tough time after RBI instructed Fintech to seize its Paytm payment bank services indefinitely. Paytm’s market value has dropped a whopping $2.5 billion in the last few days. Now, there are talks that the Central Bank of India might cancel the licence of Paytm Payment Bank after the March…

RBI To Retain Repo As Inflation Remains In Check

RBI To Retain Repo As Inflation Remains In Check

The Reserve Bank of India is all set to retain 6.5% short-term interest rates in its monetary policy review as inflation remains in its comfort zone and the economy’s growth rate increases steadily. The Governor of RBI, Shaktikanta will lead the 3-day deliberation of MPC from 6 to 8 December and can make the said…

Withdrawal Of Highest Currency Note: Know The Impacts

Withdrawal Of Highest Currency Note: Know The Impacts

The Reserve Bank of India (RBI) on Friday, May 19, declared that the ₹2000 note will be withdrawn from circulation but will continue to be legal tender. However, this is not a demonetisation exercise; instead, it will remain legal tender, and the people can deposit or exchange their ₹2000 notes until September 30, 2023.  It…

YES Bank Re-enters The Top 100 Most Valued Firms List

YES Bank Re-enters The Top 100 Most Valued Firms List

YES Bank re-entered the top 100 most valued companies list in terms of market capitalisation (market-cap). It is because the stock of private sector lenders zoomed 30% in the past three days after the Reserve Bank of India (RBI) agreed to raise capital from funds affiliated with global private equity investors Carlyle and Advent International. …

RBI Approved Appointment Of Pralay Mondal As CEO Of CSB

RBI Approved Appointment Of Pralay Mondal As CEO Of CSB

CSB Bank Limited received the approval for the appointment of Pralay Mondal as the Managing Director and Chief Executive Officer from the Reserve Bank Of India (RBI) on September 15, 2022. The appointment was announced in the meeting held on the same day with the Boards of Directors.  Pralay Mondal’s appointment as MD and CEO…

RBI Plans To Levy Charge In Payment System, Govt Denies

RBI Plans To Levy Charge In Payment System, Govt Denies

The Union Finance Minister on Sunday said that the government is not considering levying any charge carried out through the Unified Payments Interface (UPI). This came amid speculation when the Reserve Bank Of India (RBI) planned to impose costs on the payment system, including UPI, NEFT and IMPS. The central government also said that other…

Unity Small Finance Bank Names Inderjit Camotra As New MD and CEO 

Unity Small Finance Bank Names Inderjit Camotra As New MD and CEO 

Unity Small Finance Bank Limited announced the appointment of a new managing director and chief executive officer on Friday. The bank names Inderjit Camotra for this significant role.  Inderjit Camotra is a senior banker with over 25 years of experience across India’s banking sector. He held various leadership positions at Standard Chartered Bank, ANZ, and…

India’s Q1 GDP Growth Slows From Previous 2 Quarters

India’s Q1 GDP Growth Slows From Previous 2 Quarters

India’s economic growth is likely to stumble again in the first quarter of this year due to Omicron-related restrictions and higher inflation, according to the reports.  The reason behind this consecutive drop in the GDP is the surge in COVID-19 infection caused by the coronavirus variant – Omicron, which resulted in restrictions on the activity…

RBI Raised Repo Rate By 40 bps: How It Will Affect

RBI Raised Repo Rate By 40 bps: How It Will Affect

RBI (Reserve Bank of India) on Wednesday, raised its key lending rate by 40 basis points to 4.40% with immediate effect after the emergency meeting. Along with this, the Central Bank also announced a hike in the cash reserve ratio by 50 basis points. The decision was taken by the Monetary Policy Company (MPC) in…

RBI Discussing Digital Lending Guidelines With Industry Bodies

RBI Discussing Digital Lending Guidelines With Industry Bodies

The Reserve Bank of India is involved in discussions with digital lending and consumer associations as it is on the way to finalising the guidelines on digital lending. The RBI has held a meeting with the Digital Lenders Association on India (DLAI) and the Fintech Association for Consumers Empowerment (FACE) on this matter and there…

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