RBI Archives - PGurus

Nearly Rs.81 lakh crore transactions processed exhibiting a staggering 37% increase

Banking

India’s UPI surpasses world’s leading digital payment platforms; Rs.81L Cr worth...

PGurus Newsdesk - August 31, 2024 0

UPI: The world’s favourite payment method achieves a remarkable milestone India's Unified Payments Interface (UPI) has achieved a remarkable milestone, processing nearly Rs.81 lakh crore...

Draft regulations under FEMA and directions to Authorised Dealer banks are available on RBI’s website for public response

Commerce

RBI introduces draft regulations aimed at streamlining export and import transactions

PGurus Newsdesk - July 2, 2024 0

New RBI draft regulations to simplify export and import deals On Tuesday, the Reserve Bank of India (RBI) came out with new draft regulations and...

GDP growth in the first quarter of 2024-25 is likely to be at 7.3 percent, 7.2 percent in Q2, 7.3 percent in Q3, and 7.2 percent in the last quarter

Economy

RBI raises GDP growth forecast for 2024-25 to 7.2%

PGurus Newsdesk - June 7, 2024 0

RBI keeps the repo rate unchanged at 6.5%to maintain balance between growth and inflation Expecting the economy to continue on a high growth trajectory the...

Rising foreign exchange reserves are positive for the economy as they reflect an ample supply of dollars that help to strengthen the rupee

Finance

India’s forex reserves touch $641.6 bn; marks a surge of $3.7...

PGurus Newsdesk - May 11, 2024 0

India’s foreign exchange reserves a reflection of the strength of Indian economy: RBI Governor In the biggest gain in close to two months, India's foreign...

Who are all holding this high-value currency worth Rs.7961 crores?

Banking

Rs.7961 crores worth Rs.2000 notes not yet returned, says RBI. 97.76%...

Team PGurus - May 2, 2024 0

RBI says 2.24% of Rs.2000 notes have not yet been returned Despite the withdrawal of Rs.2000 bank notes, after almost a year, around Rs.7961 crores...

Kotak Mahindra Bank has been directed "to cease and desist", with immediate effect, from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards

Banking

Kotak Mahindra Bank shares tank 13%. Market Cap erodes by Rs.37,721...

Team PGurus - April 25, 2024 0

Kotak Mahindra Bank tumbles following RBI ban on digital client addition A day after the stern action from the Reserve Bank of India (RBI), the...

The regulator said the bank, however, will continue to provide services to its existing customers, including its credit card customers

Banking

RBI bans Kotak Mahindra Bank from onboarding new customers via online,...

PGurus Newsdesk - April 24, 2024 0

RBI cracks down on Kotak Mahindra Bank In a major regulatory move, the Reserve Bank of India (RBI) on Wednesday directed Kotak Mahindra Bank to...

The directive includes fintech companies like Razorpay, Cashfree, CCAvenue and Mswipe which are all regulated payment aggregators

Banking

RBI directs payment companies to track high-value, suspicious transactions during elections

PGurus Newsdesk - April 22, 2024 0

Banks have been directed by RBI to share everyday reports to the poll panel by the Chief Election Commissioner Amid the Lok Sabha 2024 elections,...

RBI Governor Shaktikanta Das referred to the record foreign exchange reserves as a reflection of the strength of the Indian economy

Finance

India’s forex reserves hit new all-time high of $648.56 bn

PGurus Newsdesk - April 13, 2024 0

India's forex reserves rise for seventh consecutive week to record high According to the data released by RBI, India's foreign exchange reserves went up by...