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CAMS Receives RBI Authorization As Online Payment Aggregator; What Did The Management Say?

Computer Age Management Services (CAMS), on April 10 announced that the Reserve Bank of India (RBI) has granted it the authorization to operate as an online payment aggregator. This development follows an in-principle authorization issued by the RBI to CAMS back ...

Gold Prices Soar Amidst Speculation and Geopolitical Tensions; Check Details?

Gold prices on Wednesday surged towards record highs, with the Bank of America projecting a potential peak during speculation of $3,000 by 2025. The precious metal continues its rally, driven by speculative buying and sustained geopolitical tensions in the Middle East, ...

Paytm Payments Bank CEO Surinder Chawla Resigns Amid Regulatory Challenges

Amidst regulatory challenges faced by Paytm Payments Bank, its Managing Director and CEO, Surinder Chawla, has tendered his resignation, according to a regulatory filing by One97 Communications, the brand owner of Paytm, on April 9. Chawla's departure from the company comes ...

Bank Holidays Gudi Padwa, EID, Biju, Ugadi 2024: Banks Will Be Closed For Five Days This Week; City-Wise List!

Banks are in for a very-long weekend, to be precisely a long-list of five days holiday starting from April 9. However, these bank holidays vary from city to city. If you're planning to visit your bank's branch, you might want to ...

India's Mobile Wallet Payments Projected To Surpass Rs 531 Trillion

Mobile wallet payments are poised to revolutionise India's payment ecosystem, overshadowing traditional methods like cash and cards. According to GlobalData, a renowned data and analytics company based in London, mobile wallet adoption in India is experiencing an unprecedented surge, with projections ...

RBI Leads Global Trend As Central Banks Ramp Up Gold Reserves Amid Economic Uncertainties; Details

To fortify its foreign exchange reserves and factor in the global economic uncertainty, the Reserve Bank of India (RBI) has continued its accumulation of gold reserves. Weekly data from the RBI reveals a significant uptick, with a notable 6-tonne increase in ...

RBI Monetary Policy: Guv Das Proposes UPI Payments at Cash Deposit Machines; What Does This Mean?

The Reserve Bank of India (RBI) has proposed allowing third-party UPI apps to facilitate payments and cash deposits at Cash Deposit Machines (CDMs) using the Unified Payments Interface (UPI). This announcement came during the RBI's first bi-monthly committee meeting for the ...

'The Elephant In The Room..': RBI Expects FY25 Inflation At 4.5%; CPI To Cool Below 4% In Q2

The Reserve Bank Of India (RBI) said the elephant in the room is inflation. And to tame it, RBI governor Shaktikanta Das said monetary policy must continue to be disinflationary. He further said that robust growth prospects give MPC enough room ...

Monetary Policy: RBI Keeps GDP Growth Forecast At 7% For FY25; Cuts Q1 Outlook Ahead Of Election

The Reserve Bank of India (RBI) has stayed on its estimate of 7% for overall GDP growth for the financial year FY25. However, Governor Shaktikanta Das announced that they are cutting the Q1 GDP growth forecast by 1 bps to 7.1% ...

RBI Monetary Policy: MPC Holds Key Rates Ahead Of Lok Sabha Election, Repo Rate Stays At 6.5%

The Reserve Bank of India (RBI) for the seventh time in a row decided to hold key policy repo rate at 6.5%, highest since August 2018. The six-member monetary policy committee (MPC) also opted for continuation of "withdrawal of accommodation" stance ...

Closing Bell: Sensex,Nifty Trading UP; Top Gainers are ITC, HDFC Bank, and Bajaj Finserv

Indian stock markets continue to trade red after RBI decided to keep its key policy rate unchanged. IT stocks declined in trade today. Stocks from IT industry fell amid the ongoing uncertainty prevailing over US interest rate adjustments. BSE Sensex fell ...

RBI Monetary Policy Live Updates: RBI Governor Keeps Repo Rate Unchanged At 6.5%

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