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RBI seeks to ban usage of cryptocurrencies; says it would encourage...

The Reserve Bank of India (RBI) today told the Supreme Court that allowing dealings in cryptocurrencies like Bitcoins would encourage illegal transactions, saying that...
Jana Small Finance Bank announces banking operations

Jana Small Finance Bank announces banking operations

Bengaluru-based Jana Small Finance Bank has announced the launch of its commercial banking operations, three years after receiving an in-principle nod from the RBI....
LoanTap secures ₹43 crores in equity funding round

LoanTap secures ₹43 crores in equity funding round

LoanTap, a digital lending platform has raised ₹43 crores ($6.25 million) in an equity funding round led by the venture capital firm Shunwei Capital,...
Reserve Bank of India

RBI to allow money transfer between mobile wallets

Reserve Bank of India (RBI) is set to grants inter-wallet money transfer. Mobile wallet market chanced to boost. Now you can transfer money between your mobile...

India’s pace of growth to accelerate in 2018-19: RBI Governor to...

Reserve Bank of India (RBI) Governor Urjit Patel addressing the International Monetary Finance Committee in Washington on Saturday predicted that the Indian economy is...

RBI makes Aadhaar Pivotal to KYC Compliance

The Reserve Bank of India has updated its master direction on Know Your Customer (KYC)- norms, which makes Aadhaar key for the due diligence process...
india gdp

Real GDP growth to range from 7.4 to 7.9 percent :...

The Reserve Bank of India (RBI) on Thursday estimated that the real Gross Domestic Product (GDP) growth for FY20 will range from 7.4 to...

PNB Fraud : RBI says it has limited powers, Government denies

Arun Jaitley pointed out that the RBI should have had its 'third eye' open with regard to the PNB fraud. RBI governor Urjit Patel...

Nirav Modi Effect: RBI Stops Letters of Undertaking For Overseas Credit

The Reserve Bank of India has suspended letters of undertaking (LoUs) or assurances for abroad credit after the Rs. 12,600 crore Punjab National Bank...

Modi is the most expensive chowkidar; said Congress leader Kapil Sibal

In yet another step-up to the offensive stand against BJP over the alleged banking scams, the Congress on Saturday asked the finance ministry, Reserve...