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Rupee falls to record low, RBI likely steps in

Markets

27 March, 2024

Rupee falls to record low, RBI likely steps in

The Indian rupee hit a record low on Wednesday on aggressive dollar bids by local oil companies, importers and equity-related ......

RBI eases recently tightened rules for investments by banks, NBFCs in AIFs

Finance

27 March, 2024

RBI eases recently tightened rules for investments by banks, NBFCs in AIFs

India's central bank on Wednesday eased its recently tightened rules that mandated lenders set aside higher provisions if they have ......

Fairfax commits $200 mn to IIFL Finance after RBI ban on gold loans

Finance

06 March, 2024

Fairfax commits $200 mn to IIFL Finance after RBI ban on gold loans

Fairfax India Holdings Corporation, led by Indian-born Canadian billionaire Prem Watsa, has committed $200 million in liquidity support to IIFL ......

IIFL Finance shares plunge after RBI bars firm from offering gold loans

Finance

05 March, 2024

IIFL Finance shares plunge after RBI bars firm from offering gold loans

Shares of India's IIFL Finance fell 20% to the bottom of an exchange-mandated limit on Tuesday, a day after the ......

RBI bars Fairfax-backed IIFL Finance from sanctioning, disbursing gold loans

Finance

04 March, 2024

RBI bars Fairfax-backed IIFL Finance from sanctioning, disbursing gold loans

India's central bank on Monday ordered non-bank entity IIFL Finance to stop sanctioning and disbursing gold loans, as it found ......

RBI moves to ensure continuity of UPI payments on Paytm

TMT

23 February, 2024

RBI moves to ensure continuity of UPI payments on Paytm

The Reserve Bank of India said on Friday it has asked the National Payments Corporation of India (NPCI) to examine ......

RBI asks Visa, Mastercard to stop B2B payments via fintech platforms

Finance

15 February, 2024

RBI asks Visa, Mastercard to stop B2B payments via fintech platforms

India's central bank has asked Visa and Mastercard to stop card-based business-to-business payments such as rents or money transfer to ......

Paytm shares hit fresh lows as Macquarie sees 'arduous' path for payments firm

Finance

13 February, 2024

Paytm shares hit fresh lows as Macquarie sees 'arduous' path for payments firm

Paytm's shares dropped 10% to a new record low on Tuesday, after brokerage Macquarie said the Indian payments firm faces ......

RBI declines to review Paytm Payments Bank issue

TMT

12 February, 2024

RBI declines to review Paytm Payments Bank issue

India's central bank will not review its recent regulatory action taken on Paytm Payments Bank, Governor Shaktikanta Das said on ......

RBI says clampdown on Paytm Payments Bank due to persistent non-compliance

Finance

08 February, 2024

RBI says clampdown on Paytm Payments Bank due to persistent non-compliance

The Reserve Bank of India's (RBI) clampdown on Paytm Payments Bank's business was a result of persistent non-compliance of the ......