Page 89 - Latest Updates on Reserve Bank of India
Startup founders write to PM, FM & RBI to review regulatory action on PPBL
Founders have called on the regulator to re-evaluate its directive and engage in dialogue with the fintech industry
 "Startup founders write to PM, FM & RBI to review regulatory action on PPBL")
HDFC Bank Group gets RBI approval to acquire 9.5% stake each in six banks
RBI's approval is valid for one year from the date of RBI's letter, i.e., till February 4, 2025
 "HDFC Bank Group gets RBI approval to acquire 9.5% stake each in six banks")
RBI approves HDFC Bank Group's proposal to acquire 9.5% in IndusInd Bank
The RBI has said that HDFC Bank needs to acquire major shareholding within one year from February 5, 2024, failing which the approval shall stand cancelled
Jio Financial Services denies being in talks to acquire Paytm's wallet biz
Paytm news: Paytm has also denied the news stating it was 'speculative'
 "Jio Financial Services denies being in talks to acquire Paytm's wallet biz")
Paytm Payments Bank and RBI ban: What went wrong and the story so far
RBI Paytm Payments Bank news: After the ban announced on January 31, the shares of One97 Communications Ltd have fallen over 43% and are near their all-time low
On Paytm crisis, startup founders write to PM, RBI to review curbs: Report
Paytm crisis: Last Wednesday, the RBI prohibited Paytm Payments Bank from accepting further deposits, crediting any transactions on customer accounts, digital wallets, etc, beyond February 29
 "On Paytm crisis, startup founders write to PM, RBI to review curbs: Report")
Reserve Bank's decision to freeze Paytm shows faulty understanding
Last week, the Reserve Bank of India barred the institution from any further deposit or credit transaction in customer accounts, wallets or cards after Feb. 29
 "Reserve Bank's decision to freeze Paytm shows faulty understanding")
Can Paytm be used for recharge, UPI services post Feb 29? Company clarifies
Paytm News: The RBI, last Wednesday, ordered Paytm's affiliate Paytm Payments Bank (PPB) to wind down most of its businesses by February 29
Paytm's CEO says there would be no layoffs, working with RBI: Report
Paytm's CEO Vijay Shekhar Sharma assured the employees that they will figure everything out soon
 "Paytm's CEO says there would be no layoffs, working with RBI: Report")
RBI Monetary Policy Committee meet: Check date, time and what to expect
RBI MPC: In a poll conducted by Business Standard, all 10 respondents said that the MPC might maintain the status quo for a sixth consecutive time
 "RBI Monetary Policy Committee meet: Check date, time and what to expect")
RBI may continue status-quo on short-term lending rate, say experts
RBI Governor-headed Monetary Policy Committee (MPC) will start its three-day deliberations on February 6. Governor Shaktikanta Das will announce the decision of the six-member panel on February 8
No change in rate; will the stance change?
Both the US Fed and Bank of England have taken the tightening bias off the table. Will the RBI follow the same path?
 "No change in rate; will the stance change?")
Shadow of KYC-led money laundering falls over Paytm Payments Bank
Payments bank says it has upheld compliance with supervisory instructions
 "Shadow of KYC-led money laundering falls over Paytm Payments Bank")
RBI slaps Rs 5 lakh fine on Bajaj Housing Finance for violating provisions
The action stands in violation of certain provisions of the 'Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021' issued by the RBI
 "RBI slaps Rs 5 lakh fine on Bajaj Housing Finance for violating provisions")
Do not share documents with unknown entities for KYC updation: RBI
'Do not share KYC documents or copies of KYC documents with unknown or unidentified individuals or organizations,' it said
 "Do not share documents with unknown entities for KYC updation: RBI")
Forex reserves increase $591 million to $616.7 billion, shows RBI data
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves
 "Forex reserves increase $591 million to $616.7 billion, shows RBI data")
RBI likely to hold rates until mid-year, first cut in Q3 2024: Poll
A few weeks ago, RBI chief Shaktikanta Das expressed confidence current monetary policy could bring inflation back to its 4% medium-term target
Interim Budget: Disinvestment, monetisation target set at Rs 50,000 crore
Current goal pared down to Rs 30,000 cr
 "Interim Budget: Disinvestment, monetisation target set at Rs 50,000 crore")
Highlights of the day: Delhi airport sees 13 flight diversions on Feb 1
From the delay in train, flight services to the updates about the interim budget 2024, catch all latest news here
 "Highlights of the day: Delhi airport sees 13 flight diversions on Feb 1")
Day after RBI order, Paytm says it will 'accelerate' work with other banks
Paytm's parent added that it expects this action to have an impact of Rs 300 to 500 crore on its annual EBITDA
 "Day after RBI order, Paytm says it will 'accelerate' work with other banks")