Reserve Bank of India announces that India can maintain growth of 8% or higher

Mumbai: An article on “economic conditions” in the March Bulletin released by the Reserve Bank of India on Tuesday said that India can maintain an annual GDP growth of 8% and that favorable macroeconomic configuration may become a springboard for upgrading the country’s growth trajectory. During 2021-24, gross domestic product (GDP) growth will average over … Read more

Reserve Bank of India (RBI) warns against fraud in name of KYC updates

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

Reserve Bank of India (RBI) takes action against Paytm for continued non-compliance, gives time for corrective action

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 keeps the repo rate unchanged at 6.5% for the sixth time; GDP in fiscal 2024 remains at 7%, and inflation is expected to be 5.4%

The Monetary Policy Committee of the Reserve Bank of India decided on Thursday to keep the repo rate unchanged for the sixth consecutive time at 6.5%. The decision has been supported by 5 out of 6 members. The Reserve Bank of India kept its GDP forecast for fiscal 2024 unchanged at 7%. It also kept … Read more

Stock Market Updates: Nifty opens at 22,000, Sensex gains 200 points ahead of Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decision

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

HDFC Bank Group to acquire up to 9.5% stake in Yes Bank, Axis Bank and 4 other banks, gets approval from Reserve Bank of India (RBI)

HDFC Bank Group has received approval from the Reserve Bank of India to acquire up to 9.50% stake in six private lenders. The license enables the group to purchase stakes in ICICI Bank, IndusInd Bank, Yes Bank, Axis Bank, Bandhan Bank and Suryoday Small Finance Bank. The approval covers the HDFC Bank group, including its … Read more

FM Sitharaman told CNN-News18: “The Reserve Bank of India accepts its calling but will be grateful if we work together…” Exclusive

Finance Minister Nirmala Sitharaman on Friday said she would be grateful if the Reserve Bank of India would work with stakeholders and focus on growth. She said that in terms of direct tax reform, taxpayer convenience needs to be improved. In an exclusive interview Network 18 Group Editor-in-Chief Rahul Joshi Sitharaman said the RBI has … Read more

Reserve Bank of India (RBI) stops Paytm payments bank from accepting deposits after February 29

Last updated: January 31, 2024 17:32 UTC The Reserve Bank of India on Wednesday banned Paytm Payments Bank Ltd from accepting deposits or recharges from any customer account, prepaid instruments, wallets, FASTags, etc. after February 29, 2024. The Reserve Bank’s action against Paytm Payments Bank Ltd (PPBL) follows a comprehensive system audit report and subsequent … Read more

How two young visitors brought smiles to the faces of MP Pench Tiger Reserve staff

Last updated: January 18, 2024, 18:16 IST Children are sometimes called incarnation of God because of their honesty and helping nature. Two children from Hyderabad have once again proved this right. His perfect behavior is winning the hearts of many people. Vedant and Isani along with their family had come from Hyderabad to visit Pench … Read more