RBI
Markets
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 ......
Finance
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 ......
Finance
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 ......
Finance
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 ......
Finance
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 ......
TMT
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 ......
Finance
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 ......
Finance
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 ......
TMT
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 ......
Finance
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 ......