RBI Announces UPI Lite Integration With E-Mandate Framework; Now You Can Autofill Your UPI Lite Balance | Personal Finance News

New Delhi: The Reserve Bank of India has announced the integration of UPI Lite with the e-mandate framework. This will enable automatic replenishment of UPI Lite balances. Governor Shaktikanta Das stated that this move aims to make small-value digital payments more convenient. “The UPI Lite facility currently allows a customer to load his UPI Lite […]

ABHISEK RAJPUT

June 7, 2024

5

0

RBI To Set Up Public Repository For Digital Lending Apps: Benefits For Borrowers Explained | Personal Finance News

New Delhi: The Reserve Bank of India (RBI) has  proposed setting up a public repository for digital lending apps. This database will list all authorised digital lending apps which will make it easier for people to identify legitimate platforms. The RBI stated that regulated entities will directly update the repository with details about new or […]

ABHISEK RAJPUT

August 8, 2024

2

0

Floating Rate Savings Bond: Interest For July-December Quarter Announced — Check Details | Personal Finance News

New Delhi: The Reserve Bank of India has announced the Floating Rate Savings Bond interest for July-December 2024. In a release, the RBI has said that FRSB remains unchanged for the July-December quarter. “In terms of Para 13 (ii) of Government of India Notification F.No.4(10)- B(W&M)/2020 dated June 26, 2020 on Floating Rate Savings Bonds, […]

ABHISEK RAJPUT

July 2, 2024

2

0

Indian Small Finance Banks To Grow Their Advances 25-27 Per Cent This fiscal: Report | Economy News

New Delhi: Segmental and geographical expansion, underpinned by a strong and increasing presence in semi-urban and rural markets with large unmet demand, will continue to drive growth for small finance banks (SFBs) in India this fiscal, a report showed on Monday. SFBs are expected to grow their advances by a robust 25-27 per cent this […]

ABHISEK RAJPUT

August 26, 2024

13

0

RBI Sees Real GDP Growth At 7% In FY25 | Personal Finance News

New Delhi: Indian economy is likely to grow at 7 per cent in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report released on Thursday. The Indian economy, it said, expanded at a robust pace in 2023-24 (April 2023 to March 2024 financial year), with real GDP […]

ABHISEK RAJPUT

May 30, 2024

6

0

India’s Forex Reserves Hit Record USD 666.85 Billion, Driven By Surging Gold And Foreign Currency Assets | Economy News

New Delhi: India’s foreign exchange reserves have surged to a record high, reaching a new peak of USD 666.85 billion, according to data from the Reserve Bank of India (RBI). The data highlights an increase of USD 9.69 billion in just one week, as of 12 July, surpassing the previous high of USD 657.2 billion. […]

ABHISEK RAJPUT

July 20, 2024

1

0

RBI Penalises 3 Housing Finances Firms For Violating Norms | Economy News

New Delhi: The Reserve Bank of India on Friday imposed monetary penalties on Godrej Housing Finance Ltd, Aadhar Housing Finance Ltd, and Housing and Urban Development Corporation Ltd over non-compliance.   The central bank imposed a fine of Rs five lakh each on Godrej Housing Finance and Aadhar Housing Finance, and Rs 3.5 lakh on Housing […]

ABHISEK RAJPUT

September 7, 2024

7

0

India’s Forex Reserves At Historic High Of $651.5 Bn, CAD To Dip: RBI | Economy News

New Delhi: With a lower trade deficit, robust services export growth and strong remittances, the current account deficit (CAD) is expected to have moderated in the January – March quarter of 2023-24, RBI Governor Shaktikanta Das said on Friday.  India’s foreign exchange reserves reached a historical high of US$ 651.5 billion as of May 31. […]

ABHISEK RAJPUT

June 7, 2024

3

0

New UPI Rules: RBI Allows Two Users Using Same Bank Account For UPI Payment | Personal Finance News

New Delhi: The Reserve Bank of India (RBI) on Thursday announced two major rules regarding UPI transactions. The RBI introduced a Delegated Payments facility for UPI allowing two users sharing the same bank account make UPI payments.  RBI has also said that the UPI limit for tax payment matters has been increased from Rs 1 […]

ABHISEK RAJPUT

August 8, 2024

4

0

0

Digital Currency Live Updates: भारत में आ गई डिजिटल करंसी, ऐसे करे इस्तेमाल | Crypto Vs Digital |RBI

भारतीय रिज़र्व बैंक (RBI) ने डिजिटल रुपया – थोक खंड (e₹-W) में नवंबर में डिजिटल रुपया (e₹) का पायलट लॉन्च शुरू किया। इस पायलट के लिए उपयोग का मामला सरकारी प्रतिभूतियों में द्वितीयक बाजार लेनदेन का निपटान है। पायलट में भाग लेने के लिए नौ बैंकों – भारतीय स्टेट बैंक, बैंक ऑफ बड़ौदा, यूनियन बैंक […]

bibhuti

November 4, 2022

35

0

RBI Rolls Out New Draft Regulations To Ease Export And Import Deals | Economy News

Mumbai: The Reserve Bank of India (RBI) on Tuesday came out with new draft regulations and directions to liberalise the rules covering foreign trade transactions to promote the ease of doing business, especially for small exporters and importers. The new regulations are also intended to empower Authorised Dealer banks to provide quicker and more efficient […]

ABHISEK RAJPUT

July 2, 2024

3

0

All About Unified Lending Interface That RBI Is Planning To Launch –Will It Be Similar To UPI? | Personal Finance News

New Delhi: The Reserve Bank has announced that it will launch Unified Lending Interface (ULI), a platform to ensure a smooth credit flow, particularly for smaller and rural borrowers. According to RBI Governor Shaktikanta Das, the ULI will revolutionize the financing landscape in India. The ULI is anticipated to be launched nationally in due course. […]

ABHISEK RAJPUT

August 27, 2024

14

0