Friday, May 16, 2025

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Reserve Bank of India

The Mehul Choksi scam: A billion-dollar fraud Congress didn’t stop, RBI didn’t see

Then-Finance Minister P Chidambaram had signed off the termination of the whistleblower. This raised the possibility that efforts to suppress internal warnings about the fraud were not only bureaucratic, but also sanctioned at the political level.

RBI reassures depositors of IndusInd Bank, says the bank is well-capitalised & its financial position is satisfactory

Reserve Bank of India (RBI) on Saturday released a statement stating that IndusInd Bank is well capitalised and financially stable

RBI is banning cash and shifting to digital only transactions from 1 February? Here is the fact about ‘report’ by leading Malayalam newspapers

On Friday morning, people in Kerala were shocked to read a first page report on Malayalam newspapers saying that only digital transactions will be allowed from 1 February

Reserve Bank of India raises UPI Lite wallet limit from ₹2,000 to ₹5,000, per transaction limit increased to ₹1,000

The Reserve Bank of India on Wednesday revised the wallet limit for the UPI Lite from Rs 2,000 to Rs 5,000.

India witnessed a 2.5-fold increase in job creation in FY24, the highest since 1981-82: RBI data

A total of 46.7 million jobs were added, the highest since 1981-82, with a growth rate of 6 per cent surpassing the previous three decades.

RBI bans Edelweiss from acquiring assets, SEBI fines AGI Greenpac, after OpIndia report on how they along with Ernst & Young manipulated insolvency process...

RBI ordered Edelweiss Asset Reconstruction Company Limited (EARCL) to cease and desist from acquisition of financial assets

RBI approves Rs 2.11 lakh crore dividend transfer to govt of India: Here’s how RBI generates surplus and transfers dividend to Centre

An increased dividend payment is probably going to assist the Central government in reaching its goal of 5.1% of GDP for fiscal deficit during the current fiscal year. Additionally, it would probably support tax collections, giving the new government more spending flexibility.

What happened to Kotak Mahindra Bank? RBI orders it to stop issuing credit cards and onboarding new online customers: Here is what it means

RBI bars Kotak Mahindra Bank from onboarding new customers through online, mobile banking; issuing new credit cards

RBI asks all agency banks dealing with govt transactions to remain open on 31 March Sunday on the union govt’s request

The Reserve Bank of India on 20 March advised all banks dealing with government transactions to open their branches on 31st March, Sunday.

RBI gives 15-day extension to Paytm Payments Bank, issues FAQ clarifying that Paytm QR, Soundbox and POS terminal linked to other banks will continue...

The Reserve Bank of India on Friday gave a 15-day relaxation to Paytm payments bank on accepting deposits.

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