Reserve Bank of India Archives - Page 2 of 16

Shaktikanta Das says RBI is supportive of the fintech sector, but customer interest, and financial stability are of prime importance

Banking

RBI Governor says no review of action taken against Paytm Payments...

Team PGurus - February 12, 2024 1

Mounting challenges for Paytm: RBI maintains grip Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday categorically said there was "hardly any room" to...

We strongly believe it helps in cross border payments. It will bring in greater transparency and traceability: FM Sitharaman on digital currency

Finance

Govt of India, RBI actively engaged on digital currency: Finance Minister

Team PGurus - January 25, 2024 0

Both the regulator and the government are working on digital currency, says Nirmala Sitharaman India’s Finance Minister Nirmala Sitharaman on Thursday said the Government of...

ED sleuths have identified some major deviations from the prescribed norms in the multi-crore foreign exchange dealings that have surfaced during the investigation in the ration distribution case

Corruption

ED asks RBI’s help to seek details of ‘illegal’ forex dealings...

PGurus Newsdesk - January 20, 2024 1

Bengal ration distribution case: ED to collaborate with RBI in the multi-crore foreign exchange fraud The Enforcement Directorate (ED) is seeking the help of the...

‘One Vehicle, One FASTag’ aims to discourage user behavior of using single FASTag for multiple vehicles

Laws

FASTags without KYC link to be deactivated or blacklisted by banks...

PGurus Newsdesk - January 15, 2024 0

ALERT! Your FASTag may get deactivated or blacklisted after January 31 The National Highways Authority of India (NHAI) announced that FASTags with incomplete KYC will...

Total value of the Rs.2000 banknotes in circulation was Rs.3.56 lakh cr at the close of business on May 19, 2023

Banking

RBI says 97.38% Rs.2000 banknotes have been returned

PGurus Newsdesk - January 1, 2024 0

After withdrawal, 97.38% of Rs.2000 banknotes returned to RBI The Reserve Bank of India (RBI) said on Monday that the total value of Rs.2000 banknotes...

Ministry of Electronics and Information Technology issued an advisory to all digital intermediaries to actively comply with the existing IT rules

Laws

Centre issues advisory for social media subsidiaries to ban ads of...

PGurus Newsdesk - December 27, 2023 0

Advisory issues to counter deepfakes, misinformation, and illegal loans and betting apps On Wednesday, the Centre said that it has directed social media subsidiaries and...

The RBI's move is aimed at stopping banks and NBFCs from using the AIF channel as a way to artificially sustain or extend the life of their loans

Banking

RBI tightens rules for banks, NBFCs’ investments in Alternate Investment Funds

PGurus Newsdesk - December 19, 2023 0

RBI shares guidelines on AIFs investments for lenders On Tuesday, the Reserve Bank of India (RBI) barred regulated entities (REs) such as banks and non-banking...

RBI’s action is based on deficiencies in regulatory compliance

Banking

RBI imposes fine on 1 bank in Mumbai and 3 in...

PGurus Newsdesk - December 15, 2023 1

RBI imposes penalties on banks for violating norms The RBI has imposed monetary penalties on one bank in Mumbai and three cooperative banks in Pune...

Compliance under PMLA, demands reporting entities’ registration and adherence to regulatory norms like KYC, transaction records, and reporting of suspicious activities

Laws

28 crypto/ VDA platforms register with FIU-India to comply with PMLA...

Team PGurus - December 4, 2023 0

Offshore crypto exchanges must register with India’s FIU: Finance Ministry As many as 28 Virtual Digital Assets (VDA) service providers, including WazirX, Coin DCX, and...