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RBI proposes cross-border payments for BBPS
The Reserve Bank of India RBI proposed on Friday to allow BBPS to accept cross-border payments for their family in India. The Reserve Bank of India RBI proposed on Friday to allow BBPS to accept cross-border payments for utility bill payments for their family in India....
Updated: 08/05/2022
India orders freezing of WazirX bank account in money laundering probe
... private financial institutions in India are being investigated over money laundering practices, according to the report. The initial investigation was about non-banking financial companies NBCFs over predatory lending practices that were in violation of the Reserve Bank of India guidelines. The agency soon discovered that several companies in the country that were unable to get licenses used the licenses of defunct NBCFs to operate. The investigations led to the shutting of operations by most of these companies and their ...
Updated: 08/05/2022
RBI hikes interest rates, outgo to borrowers
The Reserve Bank of India hiked the benchmark lending rate for home, auto and personal loans the third time in three months, and the monthly outgo for home? The Reserve Bank of India hiked the benchmark lending rate for home, auto and personal loans the third time in three ...
Updated: 08/05/2022
RBI hikes lending rates for third time this month
The key lending repo rate was raised by the Reserve Bank of India on Friday by 50 basis points bps to 5.40 per cent, the third straight increase that took the key lending rate above the pre-pandemic level. The key lending repo rate was raised by the Reserve Bank of India on Friday by 50 basis points bps to ...
Updated: 08/05/2022
RBI raises interest rates for third time this year
The Reserve Bank of India's key policy repo rate was raised by 50 basis points on Friday, the third increase in the current cycle to cool the high inflation that has remained above the central bank's tolerance band for six straight months. The Reserve Bank of India's key ...
Updated: 08/05/2022
India's forex reserves rise for fourth straight week
Foreign exchange reserves in the country rose $2.4 billion during the week ending July 29 after declining for four ... ... consecutive weeks as foreign portfolio investors returned to Indian markets as net investors. India's foreign exchange reserves were at 573.9 billion as of July 29, 2022, said RBI governor Shaktikanta Das , a few hours ahead of the official release time of 5.00 pm on Friday. The Reserve Bank has used its foreign exchange reserves to curb exchange rate fluctuations over...
Updated: 08/05/2022
RBI proposes Bharat Bill Payment System for cross-border bill payments
The Reserve Bank of India proposed the enabling of the Bharat Bill payment System for cross-border bill payments, a move that could benefit senior citizens. The Reserve Bank of India Reserve Bank of India proposed the enabling of the Bharat Bill Payment System for cross-border ...
Updated: 08/05/2022
RBI keeps India's GDP growth forecast unchanged
Four months ago, the Reserve Bank of India RBI revised the GDP projection from 7.8 per cent to 7.2 per cent. Four months ago, the Reserve Bank of India RBI revised the GDP projection from 7.8 per cent to 7.2 per cent. The GDP prediction has stayed at 7.2 per cent even though the benchmark ...
Updated: 08/05/2022
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