Search result for RBI
Indian crypto investors to witness a surge of excitement
Highlights
- India has come a long way from a complete ban in 2016 to exploring and regulating the process to introduce crypto currencies.
- Then in 2013, the RBI issued a warning the public against the use of virtual currencies and security-related risks they are exposin...
Narendra Modi launches two customer centric initiatives of RBI
Prime Minister Narendra Modi to launch two customer centric initiatives of the RBI. The PM will be launching the Reserve Bank-Integrated Ombudsman Scheme and RBI Retail Direct Scheme.
Highlights
• Narendra Modi launches two customer cent...
Razorpay to launches ‘TokenHQ’, a multi-network tokenization solution
Financial solutions company Razorpay announced the launch of 'TokenHQ'. This is secure multi-network Card-on-File tokenization solution to secure customers financial data. This has been developed in line with the recently-issued guidelines by the RBI.
Highlights...
‘INDIA HAS BEEN EXEMPLARY IN PUBLISHING ITS FOREIGN EXCHANGE MARKET INTERVENTION’ SAYS US REPORT
Highlights
• In a report submitted to Congress on Friday, the US Department of Treasury said India has been exemplary in publishing its foreign exchange market intervention
• According to the India section of the Treasury Department report, India's goods trade su...
INDIA DISMISSES BANNING CRYPTOCURRENCIES; WILL OPT FOR DOMAIN REGULATION
Highlights:
• Indian government has scrapped the idea of putting a blanket ban on cryptocurrencies
• Companies will now have to be transparent about their cryptocurrency dealings ...
3 NPA WORTH OVER RS 35 TEN-MILLION REPORTED AS FRAUD TO RBI
HIGHLIGHTS
- Indian Bank has reported three accounts as fraud to the RBI.
- The worth of these accounts is over Rs 35 ten-million.
Indian Bank has reported three accounts as fraud to the Reserve Bank Of India (RBI). The worth of these ac...
AMBANI TO PARTNER WITH FACEBOOK AND GOOGLE
HIGHLIGHTS
- Mukesh Ambani is going to forge a partnership with Facebook and Google.
- Three partners seek to obtain a license to enter India’s digital payments business.
Reliance Industries Ltd., led by Asia’s richest man Mu...
NIRMALA SITHARAMAN: INDIA IS OPEN TO EXPERIMENTATION IN REF. TO CRYPTO
Highlights:
• Indian government will look at taking a stand on the cryptocurrency domain
• Technology is something that India cannot ignore
The India...
IKIGAI LAW RESPONDS TO DRAFT OF NATIONAL STRATEGY ON BLOCKCHAIN
HIGHLIGHTS
- In JAN 2021, the MEITY released a draft National Strategy on Blockchain.
- Identifying the potential for adoption of blockchain in IndiaThe draft strategy, the draft talks about envisaging creation of a 'National Level Blockchain Framewor...
RBI GOVERNOR: WE HAVE CONCERNS ABOUT CRYPTOCURRENCIES
Highlights:
• RBI has let the Government of India know about its concerns related to cryptocurrencies
• The RBI had b...
INDIAN CRYPTOCURRENCY FUTURE UNCERTAIN
Highlights:
- While paving the way for digital currency, the Indian government has declared cryptocurrencies to be illegal
- The Indian crypto domain is worried
The Indian government’s stand on cryptocurrencies is clear. They are illegal in India. ...
RBI’S TO INITIATE RECOVERY IN MONEY-MARKET RATES VIA CASH TIGHTENING
HIGHLIGHTS
- The Reserve Bank of India aims to drain Rs. 2 trillion (equal to $27.3 billion) of banking funds.
- The 14-day reverse repo operation to drain the cash starts on 15 JAN 2021.
With Reserve Bank of India (RBI) taking first sma...
RBI SAYS INDIA FACED COVID WITH ROBUST ECONOMY
HIGHLIGHTS
- RBI released its bi-annual Financial Stability Report.
- The report stated that gross NPA of banks could rise to 13.5% by SEP 2021 from 7.5% in 2020.
- Following COVID-19, expansion in government‘s market borrowing programme wa...
INDIA ENTERS TECHNICAL RECESSION FOR THE FIRST TIME IN ITS HISTORY: RBI
Highlights
• The central bank in its first ever published ‘nowcast’ showcased that the Indian gross domestic product (GDP) shrank 8.6 percent in the quarter ended in September
• While the GDP slumped 8.6 percent in the second quarter, it was lower than 10...
COVID-19 AFFECTED 70% OF BANKING SECTOR DEBT
HIGHLIGHTS
- Due to COVID-19 outbreak, Indian government implemented a lockdown to prevent further spread of infection.
- With all economic activities coming to a halt, economy received a big time jolt.
- A report by the Reserve Bank of India has...
INDIA’S STOCK MARKET NOT IN SYNC WITH REAL ECONOMY WARNS RBI GOVERNOR SHAKTIKANTA DAS
Highlights
• The interest rates were held steady by the monetary policy committee in wake of rising inflation
• Since February, the RBI has brought down the repo rate by a total of 115 bps
• Indian economy will improve in the second half of the financi...
HDFC BANK NET PROFIT UP BY 19.6% IN Q1, PROVISIONS INCREASE BY 49%
Highlights
• HDFC Bank’s net interest income went up by 17.8% y-o-y to Rs 15,665.4 crore
• HDFC reported a net profit of Rs 6,659 crore for the first quarter of FY21
• As per the results, bank’s net interest margin remained unchanged ...
US-BASED HEDGE FUND ROUTE ONE PLANNING TO RAISE ITS STAKE IN IndusInd Bank
Highlights
• Route One Investment Company is planning to raise its stake from 5.4 percent to 9.9 percent
• According to the current market capitalisation, 10 percent stake in IndusInd Bank is valued at Rs 3,650 crore
• On the S&P BSE, the stocks of...
CHINA CENTRAL BANK CAUTIOUSLY PURCHASING STAKES IN INDIAN COMPANIES: REPORTS
Highlights
• People’s Bank of China (PBoC) holds 1 percent stake in HDFC, 0.43 percent in Piramal Enterprises and 0.32 percent in Ambuja Cement
• According to the reports, Chinese banks are intentionally buying stakes in those companies that are strategically i...
GOOGLE: GPAY IS SAFE TO USE AS ANY OTHER PAYMENT APP
Highlights
• Various news channels and social media platforms had reported that the transactions made through Google Pay are unsafe as the app is unauthorized
• Google clearly stated that is a legal operator in the country and hence everyone’s money is safe
...