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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IndusInd Bank reports net profit of Rs 1,241 crore in Q3
As of December 31, IndusInd Bank's net lending was Rs 2.28 lakh crore, up 10% over the year.
India’s forex reserves decrease by $678 million to $634.28 billion: RBI
The Indian currency gains strength when the RBI's reserve is loaded with dollars.
RBI’s efforts bear fruit as exotic foreign exchange derivative returns to India
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.
Fino Payments Bank stocks up by 2.99% as RBI permits for international money transfer service
The bank received the Reserve Bank of India's approval for commencing international remittance business under the Money Transfer Service Scheme (MTSS) today.
RBL Bank hits 52-week low, shares down by 8.32%
So far this week the company's shares have fallen by over 28 per cent.
RBL Bank shares drop by 20% after MD Vishwavir Ahuja steps down
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.
Govt must consider merging private lender RBL Bank with state-owned bank: AIBEA
The company's Non-Performing Assets rose from only Rs 357 crore in 2017 to more than Rs 2,600 crore.
RBI issues new debit, credit card rules for online payments, Check details here
They suggested using encrypted tokens to carry transactions instead from 1 January 2022.
Explained: Will UPI payments via feature phones benefit digital payment firms?
"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.
Co-operative societies can no longer use ‘bank’ in their title: RBI
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.
India’s forex reserves witnesses a drop by $1.145 billion in November: RBI
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.
Attempts to mislead youth through cryptocurrency should be stopped: GOI
The government is assured that this is an evolving technology; hence the government will keep an eye and take proactive steps, the people said.
India witnesses a decline in forex reserve by $1.14 billion
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.
PM Narendra Modi launches RBI retail direct scheme, Check details here
The Reserve Bank of India has introduced a scheme that allows individual investors to buy and sell government assets.
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