Paytm could be just the beginning for Indian regulators looking to crack down on potential fraud in the financial sector. India shocked investors last month by abruptly suspending most activities at Paytm Bank’s unit. Paytm was once a fintech star, attracting support from Warren Buffett and SoftBank Group Corp. While the Paytm case is an … Read more
Published by: Muhammad Haris Last updated: February 12, 2024 16:10 US Standard Time Reserve Bank of India Governor Shaktikanta Das on Monday said there is “hardly any scope” to review the action taken against Paytm Payments Bank. The Reserve Bank of India (RBI) took major action against Paytm Payments Bank (PPBL) on January 31, directing … Read more
The Reserve Bank of India has once again urged people to exercise caution to prevent losses and protect themselves from fraud in the name of malicious conduct and fraud. Know Your Customer (KYC) renew. Following ongoing incidents and reports of customers being subjected to fraud in the name of KYC updates, the Reserve Bank of … Read more
The banking sector needs to be more flexible in adapting to technological changes, a senior central bank governor said here on Friday. Speaking at a seminar organized by RBI, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar said such technological adjustments also need to take into account changes in the legal framework as … Read more
Paytm news today: Swaminathan, deputy governor of the Reserve Bank of India, said on Thursday that the RBI took action against Paytm due to “continued non-compliance” and gave sufficient time to take corrective measures. Addressing a press conference after RBI Governor Shaktikanta Das’ announcement at the Monetary Policy Committee, Swaminathan said the central bank will … Read more
The Reserve Bank of India’s Monetary Policy Committee decided on Thursday, February 8, to keep the key repo rate unchanged at 6.5% for the sixth consecutive time, with the focus of the stance being on exiting easing policy. It kept its fiscal 2024 inflation forecast unchanged at 5.4% and its fiscal 2024 GDP forecast unchanged … Read more
The Reserve Bank of India’s Monetary Policy Committee (MPC) kept the policy repo rate unchanged at 6.50% under the Liquidity Adjustment Facility (LAF). Reserve Bank of India Governor Shaktikanta Das announced the panel’s decision on Thursday. As a result, the Standing Deposit Facility (SDF) interest rate remained unchanged at 6.25%, and the Marginal Standing Facility … Read more
The Reserve Bank of India (RBI) on Thursday said that to improve transparency of borrower loan information in the Key Fact Statement (KFS), loan processing charges, documentation fees and other charges need to be factored into the effective interest rate. Reserve Bank of India Governor Shaktikanta Das said this will give customers a clear idea … Read more
Reserve Bank of India Monetary Policy 2024: Reserve Bank of India Governor Shaktikanta Das on Thursday announced the bi-monthly Monetary Policy Committee (MPC) decision as key interest rates are expected to remain on hold as inflation remains close to the 6 per cent ceiling. Announcing the decision, Governor Das said that the Reserve Bank of … Read more
Stock market dynamics: Benchmark equity indices are expected to open higher on Thursday ahead of the Reserve Bank of India’s (RBI) monetary policy decision. The central bank is expected to keep its key interest rate unchanged for the sixth consecutive meeting. As of 7:57 am, India’s GIFT Nifty was trading at 22,047 points, suggesting the … Read more
Reserve Bank of India Monetary Policy 2024: Reserve Bank of India Governor Shaktikanta Das will announce the bimonthly policy today (February 8) as key interest rates are expected to remain on hold as inflation remains close to the 6% ceiling. The Monetary Policy Committee (MPC) headed by Governor Das began three deliberations on Tuesday (February … Read more
The Reserve Bank of India launched a stern crackdown on Paytm Payments Bank on January 31 after observing the company’s complete disregard for regulatory standards and compliance requirements, according to a person familiar with the matter, triggering a crackdown on the promoters and the group’s focus on transparency. Serious concerns about commitment. development of. Follow … Read more