The stakeholders included Banks, National Payments Corporation of India (NPCI), Third Party Application Providers and Technology Service Providers, and discussions centred around potential strategies for further expanding the reach of UPI
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RBI in its recent draft circular on prudential norms has said provisioning of infrastructure and non-infrastructure loans to 5 per cent
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REC provides long-term loans and other financing products to State, Centre, and Private Companies for the creation of infrastructure assets in the country.
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Custodian banks issuing IPCs must have a clause in their agreements with clients, granting the banks an inalienable right over the securities to be received as payout in any settlement.
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Atanu Chakraborty is reappointed for the same designation after Reserve Bank of India (RBI) approval for three years.
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According to a press release by the RBI, the total value of Rs 2000 banknotes in circulation, which stood at Rs 3.56 lakh crore at the close of business on 19 May 2023, has significantly declined to Rs 7,961 crore at the close of business on 30 April 2024.
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The penalty, imposed by an order dated April 29, 2024, has been invoked under the powers vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act
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The IPO with Rs 2150 per share with a market value of Rs 18,300 crore, currently trades with an almost 84 per cent loss at Rs 344 on NSE
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