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A few months after the Reserve Bank of India canceled its license, the Delhi High Court has now ordered the complete closure of Paytm Payments Bank Limited. RBI informed about this legal decision on Tuesday. The High Court has appointed former Chief General Manager of SBI Girikumar M Nair as the official liquidator of Paytm…
Plastic notes of ₹10 and ₹20 will soon be seen in the market. Reserve Bank will print notes made of polymer i.e. plastic worth Rs 100-100 crore i.e. total Rs 200 crore. This is a trial of plastic currency, if it is successful then more notes will be printed. The Central Government has approved this….
1 hour ago copy link Reserve Bank of India (RBI) has imposed a penalty of Rs 41.8 lakh on Canara Bank. This action has been taken for non-compliance of some important banking guidelines including Know Your Customer (KYC) rules. RBI investigation has revealed that Canara Bank did not upload the KYC records of many customers…
15 minutes ago copy link Reserve Bank of India (RBI) has imposed a penalty of Rs 41.8 lakh on Canara Bank. This action has been taken for non-compliance of some important banking guidelines including Know Your Customer (KYC) rules. RBI investigation has revealed that Canara Bank did not upload the KYC records of many customers…
Hindi News Business RBI Repo Rate | RBI MPC Meeting 2026 June Update; Sanjay Malhotra EMI Loan Interest Rate Mumbai4 minutes ago copy link The Reserve Bank has not changed the repo rate in the second meeting of the new financial year. It has been maintained at 5.25%. Due to this, loans will not become…
The Reserve Bank of India (RBI) has released its annual report for the year 2025-26 on Friday. According to the report, despite the ongoing tensions and economic uncertainties around the world, the pace of the Indian economy will remain strong in the year 2026-27. During this period, the country’s real GDP growth rate has been…
Last Updated:May 20, 2026, 10:02 pm IST Scheduled to take place on May 26, the move is specifically engineered to inject durable, long-term Rupee liquidity into the commercial banking system The three-year currency swap provides an intermediate, durable liquidity solution that leaves the sovereign bond yield curve undisturbed. Representational image In a major structural intervention…
Mumbai5 minutes ago copy link The operations of Paytm Payments Bank have been completely stopped from today 24th April. The Reserve Bank of India has canceled the banking license of Paytm Payments Bank Limited (PPBL) with immediate effect. RBI said that the functioning of the bank did not ensure that customers’ money was safe. However,…
New Delhi2 minutes ago copy link Yesterday’s big news was related to Vedanta Group. Vedanta Group Chairman Anil Aggarwal has announced the date of demerger of his companies. On Monday, April 20, the company told the stock exchanges (BSE-NSE) that the process of dividing Vedanta Limited into five parts will become effective from May 1….
The Reserve Bank of India i.e. RBI has withdrawn some restrictions imposed on foreign exchange dealers (Forex Dealers) on April 20 to prevent the volatility of the rupee. Now dealers will be able to take positions again in the offshore non-deliverable forward market (NDF). A few days before RBI took this step, Governor Sanjay Malhotra…