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  Banks should be mindful of legal, cyber risks emanating from AI: RBI Deputy Governor

  Business | February 11, 2024 12:15 IST

  NaBFID Chairman K V Kamath said what he had predicted 20 years ago has come true that banks will look like technology companies offering banking services. He further said that there is need for banks to be resilient, adopt cloud-based solutions.

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  After RBI crackdown, EPFO blocks Paytm Payments Bank from February 23 | DETAILS

  Business | February 09, 2024 17:33 IST

  This comes after the RBI on January 31 directed the Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.

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  Paytm Payments Bank's independent director Manju Agarwal resigns from board following RBI curbs

  Business | February 09, 2024 9:59 IST

  This comes amid the RBI's order, which directed the bank to cease accepting deposits or top-ups in various customer accounts and instruments after February 29.

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  Paytm Payments Bank's independent director Manju Agarwal resigns from board following RBI order

  Business | February 08, 2024 22:54 IST

  The RBI on January 31 directed the Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.

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  Action against Paytm for "persisted non-compliance", adequate time was given: RBI

  Business | February 08, 2024 13:12 IST

  RBI has put curbs on Paytm Payments Bank for accepting new deposits, credit transactions, or top-ups in customer accounts, prepaid instruments, wallets, FASTags, and more from February 29 onwards.

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  Sensex crashes over 700 points, Nifty declines 220 points after RBI keeps repo rate unchanged

  Business | February 08, 2024 13:14 IST

  The RBI announced its decision to keep the repo rate unchanged for the sixth consecutive time at 6.50 per cent.

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  RBI projects 7 per cent GDP growth for FY25, lower than FY24 projection of 7.30 per cent

  Business | February 08, 2024 12:19 IST

  The real GDP growth for FY25 is forecast at 7 per cent, with growth rates of 7.2 per cent and 6.8 per cent expected in the June and September quarters.

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  RBI keeps repo rate unchanged at 6.50 per cent for sixth time in a row

  Business | February 08, 2024 12:21 IST

  The monetary policy committe led by Shaktikanta Das has kept the repo rates unchanged at 6.50 per cent.

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  RBI will deal with Paytm issue, government has nothing to do with it: Financial Services Secretary

  Business | February 08, 2024 7:52 IST

  Joshi said that the reserve bank must have taken the action in the overall interest of the consumer and the economy.

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  RBI Monetary Policy Meeting: Will Shaktikanta Das-led MPC keep repo rate stance unchanged?

  Business | February 08, 2024 7:21 IST

  The RBI has kept the repo rate steady at 6.50 per cent over the past year, last raising it in February 2023 from 6.25 per cent.

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  Paytm competitors see spike in app downloads following regulatory action | Details

  Technology | February 07, 2024 9:36 IST

  Since the Reserve Bank of India's directive, reportedly, there has been a surge in downloads of competitor apps, such as PhonePe and BHIM, while Paytm's downloads have declined.

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  HDFC Bank gets RBI approval to buy up to 9.50 per cent stake in IndusInd Bank

  Business | February 06, 2024 7:23 IST

  If HDFC Bank fails to complete the acquisition within the timeframe of one year, the approval will be revoked.

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  Explained: How RBI restrictions on Paytm Payments Bank will impact customers

  Business | February 05, 2024 10:44 IST

  The central bank's directive restricts Paytm Payments Bank from accepting deposits or top-ups after February 29.

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  Traders' body CAIT asks Paytm merchants to switch to other payment apps after RBI ban

  Business | February 04, 2024 17:22 IST

  Paytm Payments Bank: The central bank has ordered Paytm Payments Bank Ltd to halt most of its business including taking further deposits, conducting credit transactions and carrying out top-ups on any customer accounts, prepaid instruments, wallets, and cards for paying road tolls after Feb 29

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  SBI comes forward to rescue Paytm customers, says 'will act on RBI direction'

  Business | February 04, 2024 13:06 IST

  The direction follows persistent non-compliances and continued material supervisory concerns, the central bank said in a statement.

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  Paytm Bank: Money laundering concerns, KYC non-compliance led to ban on PPBL by RBI

  Business | February 03, 2024 18:33 IST

  Paytm Payments Bank: Sources said RBI in 2021 detected serious KYC Anti Money Laundering violations and the bank was directed to address these deficiencies. However, they continued to persist. The compliances submitted by the bank were found to be incomplete and false on many occasions.

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  Will you be able to use Paytm services after February 29? Check UPI, wallet and other details

  Business | February 02, 2024 13:14 IST

  The RBI imposed restrictions, prohibiting the bank from accepting new deposits or conducting credit transactions after February 29.

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  Paytm Payments Bank reassures safety of existing balances after RBI restrictions

  Business | February 02, 2024 8:59 IST

  Paytm Payments Bank Limited is prohibited from accepting new deposits, credit transactions, or top-ups in customer accounts, prepaid instruments, wallets, FASTags, and more from February 29 onwards.

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  Paytm expects to lose Rs 300-500 crore after RBI action on its payments bank

  Business | February 01, 2024 10:06 IST

  Paytm Payments Bank is prohibited from accepting new deposits, credit transactions, or top-ups in customer accounts, prepaid instruments, wallets, FASTags, and more after February 29, 2024.

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  Paytm Payments Bank faces RBI action, can't offer services after February 29

  Business | January 31, 2024 18:37 IST

  The RBI said that customers are permitted to withdraw or utilise balances from their accounts, including savings bank accounts, current accounts, prepaid instruments, FASTags, and National Common Mobility Cards.