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Paytm Set To Reapply For PA License As PPSL Receives Investment Green Light

12 Sep 2024

Paytm’s founder and CEO, Vijay Shekhar Sharma, has reiterated the company’s commitment to reapply for a payment aggregator (PA) license from the Reserve Bank of India (RBI). This announcement was made during Paytm’s Annual General Meeting held on Thursday, signaling a renewed effort to secure regulatory approval for its payment...

RBI Governor Shaktikanta Das: India’s Q1 GDP Growth Slips to 6.7% And Dip In Agri Growth

01 Sep 2024

On Saturday, RBI Governor Shaktikanta Das revealed that India's GDP growth for the first quarter of the fiscal year fell short of expectations. The growth rate for April-June was recorded at 6.7%, a decline from 8.2% during the same period last fiscal year and below the Reserve Bank of India’s...

India’s Foreign Exchange Witness A Surge Of USD 681.7 Billion

01 Sep 2024

India's foreign exchange reserves have recently witnessed a surge of USD 681.688 billion, following an increase of USD 7.023 billion during the week ending August 23. Reports Reserve bank of India. As per the latest RBI data, India's foreign currency assets (FCA), the largest component of forex reserves, rose by...

Paytm Set For Recovery After Regulatory Approval, Say Global Brokerages

29 Aug 2024

The recent government approval for One 97 Communications to make downstream investments in its payments arm, Paytm Payments Services Limited (PPSL), has reignited optimism among global brokerage firms. This approval is expected to bolster Paytm's recovery and growth as it embarks on its next operational phase. Leading global brokerages such...

India Boosts Foreign Exchange Reserves By USD 4.5 Billion, Hitting USD 674.7 Billion

23 Aug 2024

India's foreign exchange reserves increased by USD 4.546 billion, reaching USD 674.664 billion, just below their all-time high, during the week ending August 16, according to data released by the Reserve Bank of India (RBI) on Friday. The previous record high was USD 674.919 billion. The reserves have been fluctuating...

RBI’s MPC Discussion: Prioritizing Disinflation Amid Persistent Food Inflation Challenges

22 Aug 2024

RBI Governor Shaktikanta Das highlighted the delicate balancing act faced by the central bank in the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting held from August 6 to 8. The fiftieth meeting, conducted under Section 45ZB of the RBI Act, 1934, ended with the decision to keep...

RBI Deputy Governor Calls For Increased Digitisation In Credit Delivery To Support MSMEs

22 Aug 2024

Speaking at the Annual Day of the Foreign Exchange Dealers on Thursday, Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI), said that the financial sector should leverage digitisation in credit delivery to help Micro, Small, and Medium Enterprises (MSMEs). The Deputy Governor highlighted the adoption of digital...

RBI Governor Shaktikanta Das Tops Global Central Banker Rankings For 2nd Consecutive Year

21 Aug 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das has been recognized as the leading central banker globally for the second year in a row, according to the latest rankings by US-based Global Finance magazine. Das received an 'A' rating in the Global Finance Central Banker Report Cards 2024, placing him...

RBI Likely To Initiate Rate Cuts In October, Predicts Crisil

11 Aug 2024

India's central bank Reserve Bank of India (RBI) is anticipated to begin lowering interest rates around October, reveals Crisil report. The report assumes, there are no disruptions from external factors such as weather conditions or international commodity prices. Further, Crisil also predicts 'two rate cuts this fiscal year.' Moreover, the...

India’s Forex Reserves Hit a New Peak Of USD 675 Billion, Up Over USD 50 billion In 2024

09 Aug 2024

India's foreign exchange reserves have once again reached an all-time high. For the week ending August 2, the reserves increased by USD 7.533 billion to USD 674.919 billion, setting a new record, according to RBI data released on Friday. The previous record was USD 670.857 billion. The reserves have been...

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RBI

Paytm Set To Reapply For PA License As PPSL Receives Investment Green Light

RBI Governor Shaktikanta Das: India’s Q1 GDP Growth Slips to 6.7% And Dip In Agri Growth

India’s Foreign Exchange Witness A Surge Of USD 681.7 Billion

Paytm Set For Recovery After Regulatory Approval, Say Global Brokerages

India Boosts Foreign Exchange Reserves By USD 4.5 Billion, Hitting USD 674.7 Billion

RBI’s MPC Discussion: Prioritizing Disinflation Amid Persistent Food Inflation Challenges

RBI Deputy Governor Calls For Increased Digitisation In Credit Delivery To Support MSMEs

RBI Governor Shaktikanta Das Tops Global Central Banker Rankings For 2nd Consecutive Year

RBI Likely To Initiate Rate Cuts In October, Predicts Crisil

India’s Forex Reserves Hit a New Peak Of USD 675 Billion, Up Over USD 50 billion In 2024

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