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Reserve Bank of India

Bangladesh, Sri Lanka, number of other countries want to start rupee trade with India: Goyal

The minister added that gradually countries are realising that undertaking trade in domestic currencies has several advantagesNew Delhi: Many developed and developing countries including Bangladesh, Sri Lanka, and nations of the Gulf region are keen to start trade in...

85% Paytm wallet users not to face disruption; rest asked to link wallet to other banks: RBI Guv

The Reserve Bank of India on January 31 barred Paytm Payments Bank Ltd (PPBL) from accepting deposits, credit transactions, or top-ups in any customer accountsNew Delhi: As many as 80-85% of Paytm wallet users will not face any disruption...

Interoperable Internet banking system that benefits merchants to go live in 2024: RBI Governor

At present, internet banking transactions are processed through payment aggregatorsMumbai: Reserve Bank Governor Shaktikanta Das on Monday said an interoperable system for Internet banking will be launched in 2024.At present, internet banking transactions are processed through payment aggregators (PA),...

Majority of users to stop using UPI if it attracts transaction fee: Survey

LocalCircles on Sunday said the survey received over 34,000 responses from citizens in over 364 districts, comprising 67% of male respondents and 33% of womenNew Delhi: A majority of people will stop using UPI if a transaction fee is levied...

Paytm sees Rs 300-500 crore blow with disruption of Payments Bank services

The central bank on Wednesday barred PPBL from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024New Delhi: Fintech firm Paytm sees an impact of Rs 300-500 crore on...

Zomato Payments gets RBI authorisation to operate as online payment aggregator

The company disclosed on August 4, 2021, about the incorporation of Zomato Payments Pvt Ltd (ZPPL)New Delhi: Online food delivery firm Zomato on Thursday said its subsidiary Zomato Payments Pvt Ltd (ZPPL) has received authorisation from RBI to operate...

Inflation rises to 3-month high of 5.55% in November

Inflation based on the Consumer Price Index (CPI) was 4.87% in October and 5.88% in November 2022, the government data released showedNew Delhi: Snapping its declining trend, retail inflation rose to a three-month high of 5.55% in November on...

Banking issues hinder growth of exports through e-commerce: GTRI report

Unlocking India's e-commerce export potential to $350 billion by 2030 requires addressing banking issues that hinder growth and increase operational costsNew Delhi: Banking issues like reluctance to process forex received through alternate channels and high processing fees are hindering...

Credit card spending hits record high at Rs 1.4 lakh crore in May; cards in use at 87.4 million

Similarly, the number of cards in use has also jumped by more than 5 million since January and crossed 87.4 million in the reporting month, making this also an all-time high in May, according to the RBI dataMumbai: Credit...

RBI publishes list of 54 existing online payment aggregators

The list includes Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs)Mumbai: The Reserve Bank on Wednesday released a list of 54 entities, including Amazon (Pay)...
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Stanley Lifestyles IPO subscribed 1.43 times on day 1 of offer

The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE dataNew Delhi:...
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