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News Reports

Bank gross NPA at 7-year low at 5%, net NPA at 10 year low: What the RBI Financial Stability Report says

OpIndia Staff -
In the 26th issue of FSR, RBI noted that the global economy is confronted with formidable headwinds with recessionary risks looming large.
News Reports

‘No consideration to levy charges on UPI services’: Clarifies Finance Ministry, says cost of service providers will be recovered through other means

OpIndia Staff -
Responding the media reports claiming that RBI is proposing to impose service charge on UPI, finance ministry said there is no such consideration
News Reports

RBI denies reports of issuing currency notes with the faces of Abdul Kalam or Tagore, says no such proposal

OpIndia Staff -
On June 5, several media outlets published reports citing 'government sources' that the RBI is considering the usage of watermark images of Dr APJ Abdul Kalam and Rabindranath Tagore on currency notes.
News Reports

Centrum-BharatPe’s Unity Small Finance Bank, which took over scam-hit PMC Bank, returns approximately Rs 3,800 crore to the depositors: Details

OpIndia Staff -
Unity Small Finance Bank paid approximately Rs 3,800 crore to depositors of the scam-hit Punjab and Maharashtra Co-operative Bank (PMC Bank) on Thursday
News Reports

RBI bars Paytm Payments Bank from onboarding new customers, orders IT audit

OpIndia Staff -
The RBI has also directed Paytm to appoint an IT audit firm to conduct a comprehensive audit of its IT systems.
News Reports

ATM service charges increase from Rs 20 to Rs 21 starting today: All you need to know

OpIndia Staff -
The RBI cited increasing cost of ATM deployment and expenses towards maintenance incurred by banks or white-label ATM operators in its circular
OpIndia Explains

OpIndia Explains: The virtual world of cryptocurrency and the challenges it poses for Indian govt

Jinit Jain -
PM Modi on Saturday chaired a meeting on the way forward for managing the burgeoning cryptocurrency sector in the country
Economy and Finance

RBI drafts a COVID fight plan, including term liquidity facility and support to small firms and borrowers amid second coronavirus outbreak

OpIndia Staff -
RBI governor Shaktikanta Das today announced a slew of measures to ameliorate the strain on economy due to the resurgent COVID-19 outbreak
News Reports

While holidaying in Italy, Rahul Gandhi decides to create chaos in India by spreading fake news about loan write-offs: Details

OpIndia Staff -
Rahul Gandhi does not understand the difference between a loan 'write-off' and a loan 'waiver'
News Reports

Central Government appoints Expert Committee to make an overall assessment in relation to waiver of interest on loans

OpIndia Staff -
The Expert Committee will be looking into matters including waiver of interest and waiver of interest on interest.
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