The RBI mechanism is expected to facilitate importers and exporters to avoid rules that prevent the use of a global currency such as the US dollar for trade with certain

In the aftermath of the covid-19 pandemic, many do not drive as frequently as before, but still have to pay the same established annual premium based on the make or

RBI said the latest steps would help diversify and expand the sources of forex funding and reduce currency volatility.  The Reserve Bank of India announced a series of steps to

The HDFC and HDFC Bank merger proposal is still awaiting a number of legal and regulatory approvals. On Monday, HDFC Bank announced that the RBI has approved its parent company

The Payments Council of India (PCI) and several fintech firms have urged the government to step in to resolve the fallout from a recent directive by the Reserve Bank of

At present, it seems unlikely that the exercise will be over before 30 June. Seeking an extension from the regulator seems inevitable,” one of the people cited above said, adding

Mastercard is a payment system operator, operating a card network in the country under the Payment and Settlement Systems Act. Along with Mastercard, Visa and RuPay are the three big

Description-: The Reserve Bank had received 11 applications to set up bank under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks; six are already rejected,

BSE, which was earlier called the Bombay Stock Exchange, has decided to appoint Public Interest Director SS Mundra as its new Chairman. However, his appointment is subject to the approval

The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system, the RBI said in a release. With immediate

Shaktikanta Das, Governor of the Reserve Bank of India, stated on Thursday that private cryptocurrencies pose a significant risk to the country’s financial and macroeconomic stability. He also stated that

According to the RBI MPC, the policy repo rate will remain unchanged at 4 percent. Reverse repo rate will remain at 3.35 percent. The Monetary Policy Committee (MPC) of the