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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)

Eight firms selected for cross-border payments

RBI said Book My Forex product facilitates fully online outward cross-border remittances to bank accounts and...

14 Sept 2021 9:00 AM IST

Indias factory activity contracts for third straight month in June. (AP Photo)

Private manufacturers see 75% surge in Q1 sales: RBI

The sales growth of IT sector companies, on a year-on-year (YoY) basis, accelerated to 17.5 per cent in Q1 of FY22 to...

7 Sept 2021 1:57 AM IST

Though the GDP numbers grew with low base effect, there are also other significant reasons which suggest a recovery in the economy. (Twitter)

Sign of recovery? GDP sees rise of 20 per cent in April-June

Briefing to the media about the GDP numbers, chief economic adviser KV Subramanian said that the data is an indicative...

1 Sept 2021 6:53 AM IST

Reserve Bank of India announced a slew of measures to maintain market stability. (PTI Photo)

RBI to keep track of all payment touch points

The RBI said that capturing the accurate location of existing payment system touch points is essential to upscaling

26 March 2022 11:27 AM IST

Payments on UPI in June hit an all-time high. (PTI Photo)

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 9:36 AM IST

Supreme Court (PTI)

AA Edit | Demonetisation valid, but was it judicious?

The dissenting order refuses to accept this reasoning and has found the process to be suffering from legal infirmities

4 Jan 2023 12:10 AM IST

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)

AA Edit | RBI focus still on inflation

The central bank observed that inflation excluding vegetables has been rising well above the upper tolerance band

9 Feb 2023 12:15 AM IST

Kumar, the JD(U) national president, had come out in support of the demonetisation measure, when he was in the Grand Alliance comprising the RJD and the Congress.(Photo: PTI)

Banks did not implement demonetisation properly: Nitish Kumar

'Banks are so strict in recovering amounts lent to small-scale borrowers. Why not same strictness in case of big...

27 May 2018 12:52 PM IST

The call for privatisation gathered currency after diamond jeweller Nirav Modi allegedly colluded with some officials of PNB to fraudulently obtain guarantees so as to avail of loans from Indian banks overseas. (Photo: File)

There can't be parallel inquiry by courts, Centre tells SC in PNB...

A bench headed by CJI was told by AG Venugopal that even before investigating agencies start probing case, people come...

16 March 2018 3:21 PM IST

SBI is Indias largest public sector lender. (Photo: PTI)

Except for PNB, no unauthorised LoUs issued by PSBs: SBI official

RBI has stopped banks from issuing LoUs and Letters of Comfort for trade finance for imports into the country.

15 March 2018 3:54 PM IST

RBI governor Urjit Patel

PNBâ€‰fraud: RBIâ€‰guv Urjit Patel calls for more powers over...

Patel said there were numerous limitations in the RBI's powers over state-run lenders.

15 March 2018 8:54 AM IST

Bitcoin is the worlds most popular virtual currency.

Bitcoin ponzi scheme: Maharashtra mulls ED probe

Patil said that a few people tried to create an optional financial system during the period after demonetisation.

15 March 2018 7:07 AM IST