Tag results for: rbi prepaid payment instruments
No more deposits or withdrawals from the account! RBI has revoked this bank’s licence
After fining a few banks in the last few days, the Reserve Bank of India (RBI) has now revoked the licence of a cooperative bank. The RBI has revoked...
People are withdrawing money from their savings accounts, the effect of RBI decision is clearly visible
Since the last four MPCs, the RBI has not altered the repo rate. But loan interest rates continue to be the highest they have ever been. People are paying...
Know who will be benefitted from the new RBI rules that will be in place starting in 2024?
New guidelines for the PCA framework have been released by the Reserve Bank of India. According to the RBI, government-owned NBFCs will be subject to severe monitoring requirements under...
RBI will announce a review of its monetary policy, it is anticipated to get relief on interest rates
The RBI Monetary Policy Committee (MPC) has its final meeting today. In the three-day bi-monthly monetary review meeting, experts voiced optimism that the RBI could keep the policy rate...