Paytm Clarifies Licensing Process Status Amid Speculations, Says Govt Champions Fintech | Companies News

[ad_1] New Delhi: Fintech major Paytm on Tuesday clarified the status of its licensing process amid recent speculations, saying it has not received any communication suggesting a deferral or penalties and any notion to the contrary is “completely unfounded and misleading”. Recent media reports speculated on the deferral of Paytm Payment Services Limited’s (PPSL) license … Read more

Morgan Stanley Does Not Expect RBI To Go For A Rate Cut In 2024-25 | Economy News

[ad_1] Mumbai: Morgan Stanley economists do not expect the RBI to cut key interest rates in 2024-25 as the country is clocking a robust GDP growth and the US Fed has postponed its rate cut which could pose a risk to the Indian economy. According to economists Upasana Chachra and Bani Gambhir, factors such as … Read more

RBI Tells Banks To Inform Borrowers Regarding Key Facts Statement Of Loan From October 1: Check 8 Key Points | Personal Finance News

[ad_1] New Delhi: Reserve Bank on Monday issued a circular telling banks and lenders that they will have to provide key facts statement (KFS) about the loan agreement terms, including all-inclusive interest cost to borrowers for retail and MSME loans, from October 1. “This is being done in order to enhance transparency and reduce information … Read more

Bank Holiday On Eid-Ul-Fitr 2024: Financial Institutions Open Or Not? Check Here | Personal Finance News

[ad_1] New Delhi: According to the Reserve Bank of India (RBI) holiday list, banks in certain states will remain closed on Thursday in observance of Ramzan-Id (Eid-Ul-Fitr). This follows a series of consecutive holidays from April 9 to April 14 for various festivals including Gudi Padwa, Ugadi, Telugu New Year, Bohag Bihu, and Eid. Holiday … Read more

India’s Reserve Bank Leads Surge In Gold Reserves Amid Global Central Bank Slowdown | Economy News

[ad_1] New Delhi: The Reserve Bank of India (RBI) stood out with its continued accumulation of gold reserves. Weekly data from the RBI revealed a 6-tonne increase in gold holdings in February alone. This brings the total year-to-date buying by the RBI to over 13 tonnes, with total gold reserves now reaching 817 tonnes. … Read more

RBI Cancels Registration Of Four Non-Banking Financial Companies | Economy News

[ad_1] New Delhi: On Friday, the Reserve Bank of India (RBI) cancelled the certificate of registration of four non-banking financial companies.Those companies are Uttar Pradesh-based Kundles Motor Finance Private Limited, Tamil Nadu-based Nithya Finance Limited, Punjab-based Bhatia Hire Purchase Pvt Ltd, and Himachal Pradeesh-based Jiwanjyoti Deposits and Advances Limited. These companies will now not … Read more

RBI To Soon Launch App To Enable Retail Investors To Participate In Govt Bonds | Economy News

[ad_1] Mumbai: The Reserve Bank on Friday announced the launch of a mobile app to enable retail investors to participate in government securities (G-Secs) or government bonds market. RBI Retail Direct Scheme, launched in November 2021, gives access to individual investors to maintain gilt accounts with the RBI and invest in government securities. The … Read more