Others News

RBI Ban on Paytm Payments Bank and Its Implications for FASTags

05 February 2024 at 09:24

Reserve Bank of India (RBI) has imposed restrictions on Paytm Payments Bank, prohibiting it from accepting deposits or top-ups in any customer account, including FASTags, after February 29, 2024.

Posted in Others | 1 comments | 6804 Views

Finance Ministry Projects 7% GDP Growth for FY25, $7-Trillion Economy by 2030

31 January 2024 at 09:08

In a recent report released on Monday, the Finance Ministry of India presented a positive outlook on the country's economic growth, projecting a close-to-7-percent GDP growth for the fiscal year 2025

Posted in Others | 2034 Views

Finance Ministry Seeks Public Input on Draft 'Indian Stamp Bill, 2023' within a period of 30 days

19 January 2024 at 09:12

Department of Revenue, Ministry of Finance, invites suggestions on draft 'Indian Stamp Bill, 2023' from public within a period of 30 days

Posted in Others | 2913 Views

RBI | 97.38% of Rs 2000 Banknotes Returned Since Withdrawal Announcement

02 January 2024 at 11:42

The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. T

Posted in Others | 2226 Views

Revised Interest Rates Announced on Small Savings Schemes for Q4 2023-24

30 December 2023 at 16:11

The Ministry of Finance has recently announced revisions to the interest rates on various Small Savings Schemes for the fourth quarter of the financial year 2023-24. These changes, set to take effect from January 1, 2024, and extend through March 31,

Posted in Others | 4674 Views

RBI Unveils Clarifications on Appointment Guidelines for SCAs/SAs in Banks and NBFCs

28 December 2023 at 15:23

Clarification regarding Guidelines issued by RBI for Appointment of SCAs/SAs of Commercial Banks (Excluding RRBs), UCBs and NBFCs (including HFCs)

Posted in Others | 2136 Views

RBI imposed Rs 40.39 crore worth of Penalties on Banks, NBFCs & Others in FY 2022-23

20 December 2023 at 09:46

Minister of State for Finance Bhagwat Karad disclosed that the RBI has imposed penalties totaling Rs 40.39 crore on various financial entities, including banks, NBFCs and others, during the FY 2022-23.

Posted in Others | 4968 Views

UPI Transactions Soar to Rs 139 Lakh Crore in FY 2022-23 with Impressive 168% CAGR Growth

19 December 2023 at 07:10

UPI transactions grew from ₹ 1 lakh crore in FY 2017-18 to ₹ 139 lakh crore in FY 2022-23 in value, at a CAGR of 168%

Posted in Others | 2022 Views

RBI Keeps Repo Rate Unchanged At 6.50 percent

09 December 2023 at 08:49

Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Others | 2736 Views

Proposal of 4-Hour Delay for Initial UPI Transfers Over Rs 2000 to Combat Fraud

29 November 2023 at 08:55

Government Proposes Time Limit for First-time Digital Transactions to Combat Online Payment Frauds

Posted in Others | 2829 Views