Tag: RBI

RBI Acts as Rupee Crashes to Record 92 vs Dollar: Rescue Package Details

Business
The RBI announced a $5 billion swap auction and special FPI window after the rupee hit a historic low. Learn the measures and what it means for inflation and growth.

India Plans Hybrid ATMs for Small Notes to Balance UPI Growth

Business
New hybrid ATMs will dispense ₹10-₹100 notes in busy areas, ensuring cash access for daily needs alongside India's digital payments surge.

RBI Announces Rs 1.75 Lakh Crore Plan to Manage Banking Liquidity

Business
RBI unveils measures including OMO sales and a new repo auction to absorb excess cash from the system and stabilise short-term interest rates.

RBI Approves Japan’s SMBC for Wholly-Owned Subsidiary in India

Business
Japan's Sumitomo Mitsui Banking Corporation gets RBI's in-principle nod to set up a local subsidiary, following the 2013 foreign bank scheme. Learn about the capital requirements and implications.

India’s Wholesale Inflation Rises to 0.83% in December 2024

Business
India's wholesale price inflation increased to 0.83% in December, driven by rising food and fuel prices. Retail inflation also climbed, posing a challenge for policymakers.

RBI: 98.39% of ₹2000 Banknotes Returned Since Withdrawal

Business
The Reserve Bank of India reports that over 98% of ₹2000 notes have been returned. See the latest figures and how to exchange remaining notes.

COAI Backs SIM-Binding for WhatsApp, Telegram to Curb Fraud

Tech
India's telecom body supports new rule linking messaging apps to your SIM card for security. WhatsApp Web users to face 6-hour auto logouts.

India to Merge 12 Public Banks Into 4 Mega Lenders for $5T Economy

Business
Government plans banking consolidation to create world-class lenders capable of supporting India's growth. No layoffs or branch closures promised.

Microfinance Crisis: 5 Million Borrowers Lose Access as Loans Drop 17%

Business
India's microfinance sector shrinks for sixth straight quarter with ₹3.39 trillion portfolio, pushing millions out of formal credit despite improved risk metrics.

Paytm Gets Final RBI Nod as Payment Aggregator – Key Benefits

Business
Paytm Payments Services receives RBI authorization to operate as Payment Aggregator, enabling merchant onboarding and payment processing for business growth.

RBI Plans Monthly Balance of Payments Data Release for Better Insights

Business
RBI to provide monthly BoP data with 40-day lag, helping investors and policymakers make faster decisions in volatile global markets.

RBI, ECB to Link UPI with Europe’s TIPS for Faster Cross-Border Payments

Business
India and Europe advance UPI-TIPS integration to enable instant cross-border payments between India and Euro Area, streamlining remittances and international transactions.