RBI

Reserve Bank of India (RBI) has barred Paytm Payments Bank from opening new accounts with immediate effect. RBI has also directed Paytm Payments Bank to appoint an IT audit firm to conduct a comprehensive audit of its IT system. In a…

RBI yesterday launched UPI for feature phones called UPI123pay. RBI governor Shaktikanta Das launched the UPI123pay and also launched a 24x7 helpline for digital payments in Mumbai. This new initiative by RBI will facilitate use of UPI…

Economy projected to grow at 9.5% in 2021-22 Rs. 15,000 crore liquidity support to contact-intensive sectors like hotels, tourism, etc. Additional Measures to boost credit for MSMEs, small businesses and rural sector Mumbai: The…

RBI Governor Shaktikanta Das has said that the bank will continue to monitor the emerging situation and deploy all resources and instruments at its command in the service of the nation. He  said that  the devastating speed with which the…

The Reserve Bank of India has allowed banks to pay dividends on equity shares. Asking banks to proactively raise and conserve capital in wake of the second wave of Covid, the RBI has told banks to restrict dividend to 50% of what…