New Delhi. Officials of India digital currency is expected to hit the market in 2023. Sources said the currency will be similar to an electronic wallet currently operated by a private company, but more importantly, it will have a “government…
Tag: reserve Bank
Reliance Capital’s bondholders lose 50 percent
New Delhi. It’s time to dump him and move on. It is possible to get even half of the invested amount. According to market sources, bondholders of Anil Ambani’s company Reliance Capital, which is facing bankruptcy, will get only half…
Sitharaman chairs the second BRICS Finance Ministers and Central Bank Governors meeting
New Delhi. Finance Minister Nirmala Sitharaman and Reserve Bank Governor Shaktikanta Das chaired the second meeting of the Finance Ministers and Central Bank Governors (FMCBG) of BRICS countries. In this meeting held on Thursday through video conferencing, discussions were held…
Reserve Bank imposed a penalty of crores on 14 banks, 2 crore penalty on Bank of Baroda
New Delhi. The Reserve Bank of India (RBI) has imposed heavy penalties on 14 banks for not following the rules of banking properly. RBI has also imposed a fine of Rs 50 lakh on the country’s largest State Bank of…
No change in interest rates, RBI cuts growth forecast to 9.5%
New Delhi. Consumers taking home loans or car loans have yet to get any relief from the Reserve Bank of India. The Reserve Bank of India (RBI) has once again decided not to make any changes in the policy interest…
Monetary policy: Disappointment of common man due to RBI’s move
new Delhi. The Reserve Bank of India has not made any change in the repo rate (4 per cent) announced today. For the third time in a row, there has been no change in policy rates. With this, the expectation…
RBI took big action on this bank, customers can withdraw only 25 thousand rupees in a month
new Delhi. The Reserve Bank of India (RBI) has taken major action on Lakshmi Vilas Bank and placed the bank in the Moratorium. Customers of the bank will be able to withdraw cash of only 25 thousand rupees till December…
Reserve Bank puts Lakshmi Vilas Bank in Moratorium, withdrawal limit fixed
new Delhi. The Reserve Bank of India (RBI) has taken major action on Lakshmi Vilas Bank and placed the bank in the Moratorium. Customers of the bank will be able to withdraw cash of only 25 thousand rupees till December…