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FALAKNAAZ SYED
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    An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)Business
    RBI hints at end to low interest regime in June

    Central bank may shift its focus to taming inflation

    22 April 2022 8:12 PM GMT

    Infrastructure push can re-ignite economic growth, says RBI Governor Shaktikanta Das. (PTI Photo)Business
    RBI cuts growth outlook, interest rate unchanged

    Market interest rates will start increasing at a faster pace now which is positive for savers, especially the depositors

    8 April 2022 5:40 AM GMT

    Digital payments company Paytm has partnered with Twitter to integrate Twitter HighlightsBusiness
    Paytm Bank barred from adding new customers

    The bank has also been directed to appoint an IT audit firm to conduct a comprehensive system audit of its IT system

    12 March 2022 2:28 AM GMT

    However, like most financial instruments, add-on credit cards comes with its share of pros and cons.Business
    Credit card spends, transactions decline in January

    All large players reported a decline in monthly spends per card with the highest fall seen by IndusInd Bank

    9 March 2022 4:15 AM GMT

    Payments on UPI in June hit an all-time high. (PTI Photo)Business
    RBI launches UPI for feature-phone users

    UPI is gaining popularity and is becoming one of the most preferred methods of digital transactions in India

    9 March 2022 4:06 AM GMT

    LIC rescued IDBI Bank in 2019, infusing Rs 4,743 crore in October 2019 while the bank further raised Rs 1,435.1 crore in December 2020 via a qualified institutional placement. (Representational image/ Financial chronicle)Business
    LIC may not fully exit IDBI Bank

    While the government holds 45.48 per cent stake in IDBI Bank, LIC owns 49.24 per cent stake in the lender

    21 Feb 2022 7:07 PM GMT

    Reserve Bank of India announced a slew of measures to maintain market stability. (PTI Photo)Business
    RBI Deputy Governor calls for outright cryptocurrency ban

    Crypto-technology is underpinned by a philosophy to evade government controls, says deputy governor T. Rabi Sankar

    15 Feb 2022 3:59 AM GMT

    An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)Business
    MPC may hold back rate hike

    Policy normalization is set to commence in April with a stance change and reverse repo hike

    6 Feb 2022 8:32 PM GMT

    Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.India
    RBI to issue Digital Rupee in FY23-Sitharaman

    Digital currency will also lead to a more efficient and cheaper currency management system

    2 Feb 2022 3:40 AM GMT

    Sitharaman said, \Introduction of Central Bank Digital Currency (CBDC) will give a big boost to the digital economy. (PTI Photo/ Shahbaz KhanBusiness
    RBI to issue Digital Rupee in FY23: Sitharaman

    Digital currency will also lead to a more efficient and cheaper currency management system

    2 Feb 2022 2:04 AM GMT

    Currently, post offices provide savings account services and payments bank services through the India Post Payments Bank. (Representational Image/DC)Business
    Post offices to be linked to bank network, ATMs

    The minister also announced setting up 75 digital banking units (DBUs) in 75 districts by scheduled commercial banks

    2 Feb 2022 1:19 AM GMT

    Finance Minister Nirmala Sitharaman in the Lok Sabha during Budget Session of Parliament. (Photo: PTI)Business
    Decks cleared for bad bank to start

    A total of 38 large stressed accounts aggregating to Rs 82,845 crore have been identified for transfer to the NARCL

    29 Jan 2022 3:11 AM GMT

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