Led by IT professional Gyan Srivastava, the bootstrapped startup took over three years to stabilize its business model through extensive innovation in packaging and logistics
The dollar index fell 0.07% to 104.04, while the euro was up 0.08% to $1.0785
There are other nine non-banking finance companies which surrendered the Certificate of Registration (CoR), the RBI said
'NBFCs have evolved as niche companies serving specific economic functions, and it is uncharacteristic of them to demand becoming like a bank': Rao said
The rupee depreciated 5 paise to 83.01 against the US dollar in early trade on Friday, tracking a strong American currency and elevated crude oil prices in the international market
NPCI oversees the United Payments Interface payments, and NHAI operates the FASTag service
RBI says lending rates not hiked enough
Central bank also suggested streamlining of AePS to address frauds
"Worse, even that high percentage of bad debts was an underestimate," the paper said
State-owned Indian Bank's chief S L Jain welcomed the policy announcement as a balanced call
Real estate developers and consultants feel that the strong momentum in the housing market will continue with the RBI deciding to keep the key policy rate unchanged
Repo rate unchanged: The experts in the real estate industry said that this decision is likely to keep the momentum in the industry intact
RBI policy meet: The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged
Paytm Payments Bank crisis: Das said, 'The RBI is and will continue to encourage and support innovation and technology in the financial sector'
The trust in Paytm has decreased among 68% of Indian Kirana stores after the RBI announcement on January 31, a report released on Thursday said
RBI MPC Meeting Live Updates: RBI's MPC which began on February 6 has concluded today. The Central bank's MPC has decided to keep the repo rate unchanged at 6.5%. Catch all updates here
RBI launched a pilot of the retail CBDC in December 2022 and achieved the target of having 1 million transactions a day in December 2023
'Imperative for monetary policy to actively pursue disinflation to anchor inflation expectations,' says Shaktikanta Das
Central Depository Services India (CDSL) may initiate inspection into Paytm Money's customer verification protocols following RBI's directives and regulatory actions against Paytm Payments Bank
RBI monetary policy time: The MPC decision will be announced by Shaktikanta Das at 10 am on Thursday