Tuesday, November 29, 2022

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Reserve Bank of India

As Prakash Raj spreads fake news, here are the statements of Raghuram Rajan about the Modi govt consulting RBI before demonetisation

In April 2018, Raghuram Rajan dismissed the notion that Modi government did not consult the RBI before demonetisation.

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

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

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

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.

Current inflation caused by global events over which Indian govt have no control: OpIndia talks to a chartered accountant, Sumeet Mehta, over inflation

CA Sumeet Mehta said that India is facing 'imported inflation', which is inflation caused by the Russia-Ukraine war

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

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

RBI announces 123PAY: A UPI-based payment system for feature phone users

123PAY is aimed to fill the gap in digital payment system and include 40 crore feature phones in the digital banking ecosystem.

‘Laxmicoin’, ‘DigiLaxmi’: Netizens get creative to find possible name for India’s digital currency

Finance Minister Nirmala Sitharaman announced digital Indian currency that the Reserve Bank of India will issue starting April 1 this year.

Union Budget 2022-23: FM Nirmala Sitharaman announces India’s first digital currency – Digital Rupee

In her budget speech, Finance Minister Sitharaman announced that a digital rupee will be issued using blockchain and other technologies and will be issued by the Reserve Bank of India starting 2022-23.

Reserve Bank of India steps in, says RBL Bank health status ‘stable’ after shares tank 25% following central bank’s action over weekend

The unanticipated RBI action followed by the tanking of the share price of RBL Bank pushed the panic button amongst investors and customers of the private sector lender.

RBL Bank shares hit 52-week-low after RBI action: Here is what happened

The share price fell after a series of developments over the weekend where the Reserve Bank of India (RBI) sent a nominee to bank's board a day after the sudden departure of Vishwavir Ahuja as the bank's CEO.

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