Reserve Bank of India Archives - Page 15 of 22

Dr. Swamy has alleged that the involvement of RBI officials in scams involving various entities such as Kingfisher, Bank of Maharashtra and Yes Bank had not been probed

Supreme Court seeks response from CBI, RBI on a plea by...

Team PGurus - October 17, 2022 6

Notice to RBI, CBI in the petition filed by Dr. Swamy in the 'bank loan fraud' case The Supreme Court on Monday issued notice to...

Banking

RBI’s digital currency platform may help enforce black money regulations

PGurus Newsdesk - October 16, 2022 0

RBI to take a graded approach on CBDC, in line with monetary policy The proposed Central Bank Digital Currency (CBDC) platform is expected to generate...

The financial services arm of the Aditya Birla Group has expressed intent to pick up 51% stake of Reliance Capital in Reliance Nippon Life Insurance Company

Business

Aditya Birla Capital to buy 51% stake in debt-ridden Anil Ambani...

Team PGurus - October 14, 2022 2

Aditya Birla Capital joins the race to acquire life insurer Reliance Nippon Life Aditya Birla Capital Ltd has joined the race to pick up stake...

RBI has hiked the repo rate by 50 basis points to 5.90%, the fourth straight increase in the current cycle, to tame sustained above-target retail inflation rate

Economy

RBI hikes repo rate to subdue the inflation; pegs inflation at...

PGurus Newsdesk - September 30, 2022 0

RBI Governor Shaktikanta Das announces hike in repo rate by 50 basis points to subdue the inflation The Reserve Bank of India's Monetary Policy Committee...

The external environment remains challenging, with generally higher commodity prices vs. pre-pandemic

Economy

RBI likely to increase repo rate by 50 basis points in...

PGurus Newsdesk - September 16, 2022 0

Morgan Stanley expects inflation to remain sticky around 7.1-7.4% in September Recent reports by Morgan Stanley state that the Monetary Policy Committee in the September...

Fraud

UP Police unearths Rs.4,200 cr online frauds, crypto trade, Insta Loan...

Team PGurus - September 10, 2022 3

UP Cyber Crime Wing cautions users against Instant loans, job offers on SMS The Uttar Pradesh Police's Cyber Crime Wing has unearthed pan-India frauds to...

RBI's policy is to prevent excessive volatility of the rupee, or the exchange rate and also anchor expectations around the currency's depreciation

Economy

Despite substantial devaluation in other currencies, Indian rupee maintained its value:...

PGurus Newsdesk - September 6, 2022 0

Amid extreme volatility in global stock markets, the Indian rupee has "held its own", says RBI governor Despite extreme volatility in global stock markets, especially...

The country crossed 6 billion transactions for the first time last month, logging 6.28 billion transactions worth Rs.10.62 lakh crore

Banking

UPI registers record transactions of 657 cr in August worth Rs.10.72...

PGurus Newsdesk - September 1, 2022 0

The growth in UPI volumes is up almost 100% YoY The National Payments Corporation of India (NPCI) data revealed that the Unified Payments Interface (UPI)...

RBI issues advisories to people, alerting them against such fraudsters’ practices

Banking

Finance Ministry, RBI earmark measures to safeguard public from being defrauded...

PGurus Newsdesk - August 28, 2022 1

As fraudsters get smarter, RBI, banks get busy plugging loopholes Amid rising newer techniques being used by fraudsters, the Reserve Bank of India (RBI) has...

Finance ministry said that there is need of Indian corporates to be part of the global value chain

Commerce

India simplifies overseas investment rules to ensure ease of doing business

PGurus Newsdesk - August 23, 2022 0

Finance Ministry in consultation with RBI amends overseas investment rules In an aim to enhance the 'ease of doing business', the Centre has simplified the...