RBI Cancels Licence of Paytm Payments Bank
New Delhi: The Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective from close of business on April 24, 2026. Consequently, Paytm Payments Bank Limited is prohibited from conducting the business of ‘banking’ as defined in […]
Private limited FDI companies showed higher profit growth as compared to public limited FDI companies, Says RBI’s Data
New Delhi: The Reserve Bank of India (RBI) on Wednesday released the data relating to financial performance of non-government non-financial (NGNF) foreign direct investment (FDI) companies in India during 2024-25 based on audited annual accounts of 3,100 companies, which reported in the Indian Accounting Standards (Ind-AS) format for three accounting years from 2022-23 to 2024-25. […]
India Records Over 65,000 Crore Digital Transactions Worth ₹12,000 Lakh Crore In 6 Years, Boosting Financial Inclusion
Greater Noida(Banking and Finance Desk):The Government has been closely working with different stakeholders including the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI), fintechs, banks and State Governments to increase the adoption rates of digital payments in the country including in tier-2 and tier-3 cities. RBI has setup a Payments Infrastructure Development […]
Ex-Chief Justice Of India Chandrachud Slams Viceroy Report On Vedanta, Calls It Misleading And Defamatory
Greater Noida(Business Desk):Vedanta Limited (NSE: VEDL), India’s leading critical minerals, energy transition metals, power and technology conglomerate, has received unanimous support with a detailed legal opinion from Former Chief Justice of India, Hon’ble Dr. Justice D.Y. Chandrachud, stating that the recent report by US-based short-seller Viceroy Research Group is defamatory, lacks credibility, is designed to […]
RBI Wins Digital Transformation Award 2025
Greater Noida (Business Desk): The Reserve Bank of India has been selected for the Digital Transformation Award 2025 by Central Banking, London, United Kingdom. RBI informed on social media website X, “RBI was awarded and recognised for its initiatives, including Pravaah and Sarthi systems, that have been developed by in-house developer team. The awards committee […]
98.12% of 2000 Rupees Banknotes in Circulation Returned: RBI
Greater Noida (Business Desk): The Reserve Bank of India (RBI) on Wednesday said 2,000 rupees banknotes continue to be legal tender and that 98.12% of the withdrawn notes have returned to the system. RBI said that The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on […]