Others News

RBI Takes Action Against Paytm Payments Bank under Banking Regulation Act

17 February 2024 at 08:45

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949

Posted in Others | 2448 Views

Supreme Court Strikes Down Electoral Bonds, Halts SBI Issuance

15 February 2024 at 13:02

On February 15th, the Supreme Court delivered its long-awaited verdict on a series of petitions challenging the Electoral Bond scheme, a system allowing for anonymous funding to political parties. The landmark judgment, delivered by a five-judge Cons

Posted in Others | 5298 Views

UPI Goes Global - Payments Now Accepted in 7 Countries

13 February 2024 at 09:11

In a significant move to enhance cross-border digital transactions, the Ministry of External Affairs announced the extension of Unified Payment Interface (UPI) services to Sri Lanka and Mauritius.

Posted in Others | 2847 Views

RBI Clarifies: Paytm App Unaffected, Only Payments Bank Under Scrutiny

12 February 2024 at 09:16

In a press conference on Thursday, the Reserve Bank of India (RBI) clarified that its recent directive concerns Paytm Payments Bank and not the Paytm app itself.

Posted in Others | 4641 Views

RBI Expected to Provide Clarification on Paytm Services, Says Financial Services Secretary

09 February 2024 at 09:16

The Reserve Bank of India (RBI) is deliberating on potential actions regarding Paytm Payments Bank (Paytm PB) following regulatory non-compliance issues

Posted in Others | 2535 Views

RBI Keeps Repo Rate Unchanged At 6.50%

08 February 2024 at 13:07

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today

Posted in Others | 1866 Views

Paytm CEO Meets FM Nirmala Sitharaman Amid Paytm Payment Bank Crisis

08 February 2024 at 09:28

In a bid to address the escalating crisis involving Paytm's banking arm, Paytm Payment Bank (PPBL), Vijay Shekhar Sharma, the founder and CEO of Paytm, held a crucial meeting with Union Finance Minister Nirmala Sitharaman on February 6.

Posted in Others | 2736 Views

RBI Ban on Paytm Payments Bank and Its Implications for FASTags

05 February 2024 at 09:24

Reserve 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.

Posted in Others | 1 comments | 6717 Views

Finance Ministry Projects 7% GDP Growth for FY25, $7-Trillion Economy by 2030

31 January 2024 at 09:08

In 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

Posted in Others | 1980 Views