Bitcoin, Ethereum, or NFT will never be legal tenders in India: Finance Secretary
TV Somanathan, Finance Secretary, warned against investing in crypto assets, stating, "there is no guarantee whether your investment will be successful or not."
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TV Somanathan, Finance Secretary, warned against investing in crypto assets, stating, "there is no guarantee whether your investment will be successful or not."
As of December 31, IndusInd Bank's net lending was Rs 2.28 lakh crore, up 10% over the year.
The Indian currency gains strength when the RBI's reserve is loaded with dollars.
RBI welcomes lenders to offer derivative products this month. Banks like ICICI Bank & Axis Bank sold barrier forex options to customers including Reliance Industries & Supreme Petrochem.
The bank received the Reserve Bank of India's approval for commencing international remittance business under the Money Transfer Service Scheme (MTSS) today.
So far this week the company's shares have fallen by over 28 per cent.
This stepping down really did a number on the bank shares as the RBL's shares today tumbled down by 20% in Monday's intra-day trade.
The company's Non-Performing Assets rose from only Rs 357 crore in 2017 to more than Rs 2,600 crore.
They suggested using encrypted tokens to carry transactions instead from 1 January 2022.
"UPI is the single largest retail payment system in the country in terms of volume of transactions (14 crore transactions per day, October 2021)," said RBI in a statement.
RBI stated it has been noticing that few co-operative societies are utilising the word 'bank' in their names in infringement of the Banking Regulation Act.
The data showed that the nation's reserve position with the IMF dropped by USD 27 million to USD 5.201 billion in the reporting week.
The government is assured that this is an evolving technology; hence the government will keep an eye and take proactive steps, the people said.
The country's reserve position with the IMF reduced by USD 14 million to USD 5.228 billion in the reporting week, the data presented.
The Reserve Bank of India has introduced a scheme that allows individual investors to buy and sell government assets.
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