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  Rs 2,000 notes RBI withdrawal: 97.62 pc currency returned by Feb 29, Rs 8,470 crore left to collect

  Business | March 01, 2024 17:30 IST

  RBI business news: Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by Sept 30, 2023. The deadline was later extended to Oct 7, 2023. Deposit and exchange services at bank branches were discontinued on Oct 7.

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  Paytm shares settle marginally lower after hitting upper circuit limit in intra-day trade

  Business | February 27, 2024 18:05 IST

  Paytm business news: Vijay Shekhar Sharma has stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited and the board of the bank has been reconstituted, a filing said on Monday, adding PPBL will commence the process of appointing a new chairman.

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  Why did Vijay Shekhar Sharma resign as chairman of Paytm Payments Bank? | EXPLAINED

  Explainers | February 27, 2024 11:50 IST

  Vijay Shekhar Sharma, CEO of Paytm, resigned as non-executive chairman and board member of Paytm Payments Bank due to regulatory challenges, including RBI's directive to wind down operations by March 15. The RBI's concerns stemmed from compliance issues and perceived proximity to Paytm.

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  Bank Holidays in March 2024: Banks to remain closed on these 14 days. check full list here

  Business | February 26, 2024 11:13 IST

  Bank Holidays: While physical branches may be closed, online banking services remain operational throughout the holidays. It's essential for individuals to plan their visits and transactions accordingly.

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  RBI asks NPCI to help continue UPI operations of Paytm App

  Business | February 23, 2024 16:59 IST

  Last month, the RBI barred Paytm Payments Bank Ltd (PPBL) from further deposits or credit transactions or top ups in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc., other than any interest, cashbacks, or refunds which may be credited anytime.

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  Can you continue to use Paytm FASTag for toll payments? Check RBI FAQs for customers

  Business | February 19, 2024 8:37 IST

  FASTags issued by Paytm Payments Bank will no longer support top-up or recharge functionalities from March 15 onwards.

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  SBI seeks lower cash reserve ratio requirement on green deposits, says chairman Dinesh Khara

  Business | February 16, 2024 12:47 IST

  SBI introduced a green deposit scheme last month, a significant initiative in the domestic banking sector.

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  RBI to conduct variable rate repo auction of Rs 75,000 crore on February 16

  Business | February 16, 2024 7:49 IST

  The reversal of the funds is set for February 23 between 10:30 AM and 11:00 AM.

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  RBI directs Visa, Mastercard to halt card-based commercial payments: Here's why

  Budget | February 14, 2024 23:36 IST

  The development comes on the heels of the RBI initiating regulatory actions against Paytm Payments Bank. Transactions done at other business outlets which may not be authorised to accept commercial card payments have been asked to be temporarily halted.

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  Paytm timeline to restart sanctioning of loans to end on February 14

  Business | February 14, 2024 7:51 IST

  Paytm President and Chief Operating Officer Bhavesh Gupta indicated a temporary halt in issuing new loans to address operational challenges stemming from RBI restrictions on Paytm Payments Bank.

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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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  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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  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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  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.