Community & General News
RBI Ban on Paytm Payments Bank and Its Implications for FASTags
05 February 2024 at 09:24Reserve Bank of India (RBI) has imposed restrictions on Paytm Payments Bank, prohibiting it from accepting deposits or top-ups in any customer account, including FASTags, after February 29, 2024.
Finance Ministry Projects 7% GDP Growth for FY25, $7-Trillion Economy by 2030
31 January 2024 at 09:08In a recent report released on Monday, the Finance Ministry of India presented a positive outlook on the country's economic growth, projecting a close-to-7-percent GDP growth for the fiscal year 2025
Finance Ministry Seeks Public Input on Draft 'Indian Stamp Bill, 2023' within a period of 30 days
19 January 2024 at 09:12Department of Revenue, Ministry of Finance, invites suggestions on draft 'Indian Stamp Bill, 2023' from public within a period of 30 days
RBI | 97.38% of Rs 2000 Banknotes Returned Since Withdrawal Announcement
02 January 2024 at 11:42The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. T
Revised Interest Rates Announced on Small Savings Schemes for Q4 2023-24
30 December 2023 at 16:11The Ministry of Finance has recently announced revisions to the interest rates on various Small Savings Schemes for the fourth quarter of the financial year 2023-24. These changes, set to take effect from January 1, 2024, and extend through March 31,
RBI Unveils Clarifications on Appointment Guidelines for SCAs/SAs in Banks and NBFCs
28 December 2023 at 15:23Clarification regarding Guidelines issued by RBI for Appointment of SCAs/SAs of Commercial Banks (Excluding RRBs), UCBs and NBFCs (including HFCs)
RBI imposed Rs 40.39 crore worth of Penalties on Banks, NBFCs & Others in FY 2022-23
20 December 2023 at 09:46Minister of State for Finance Bhagwat Karad disclosed that the RBI has imposed penalties totaling Rs 40.39 crore on various financial entities, including banks, NBFCs and others, during the FY 2022-23.
UPI Transactions Soar to Rs 139 Lakh Crore in FY 2022-23 with Impressive 168% CAGR Growth
19 December 2023 at 07:10UPI transactions grew from ₹ 1 lakh crore in FY 2017-18 to ₹ 139 lakh crore in FY 2022-23 in value, at a CAGR of 168%
RBI Keeps Repo Rate Unchanged At 6.50 percent
09 December 2023 at 08:49Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
Proposal of 4-Hour Delay for Initial UPI Transfers Over Rs 2000 to Combat Fraud
29 November 2023 at 08:55Government Proposes Time Limit for First-time Digital Transactions to Combat Online Payment Frauds
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