The Reserve Bank of India (RBI) has asked all agency banks that do business with the government to maintain branch operations through March 31, 2024, in an effort to guarantee smooth financial operations and careful accounting for the fiscal year ending 2023–2024. Due to the fact that the end of the fiscal year falls on…
The security measures surrounding India’s digital payment systems are of utmost importance to the Reserve Bank of India (RBI). The security and safety of digital transactions for users is a topic of great importance. “The RBI has made tremendous progress in preserving the integrity and security of digital payments in an era of digital revolution….
Sovereign Gold Bond Scheme 2023-24: The Reserve Bank of India (RBI) has announced that the next tranche of Sovereign Gold Bonds will go on sale on February 12 and will have an issue price of ₹6,263 per gauge. Registration for the Scheme is available through February 16th. The period from February 12 to 16, 2024,…
Today’s Stock Market: The Indian stock market saw intense selling pressure on Thursday following the Reserve Bank of India’s (RBI) announcement to maintain key rates unchanged following the monetary policy meeting.During trading on Thursday, the Nifty 50 index dropped by 1%, reached an intraday low of 21,709, and gained close to 225 points.The BSE Sensex…
The Reserve Bank of India (RBI) severely damaged Paytm Payments Bank’s business on Wednesday, January 31, by forbidding the company from providing any of its essential services, such as wallets and accounts, starting in March. Though the action severely restricts the company’s operations, it is not officially a cancellation of Paytm Payments Bank’s license. The…
