Foreign investors may return to India, but not everyone is convinced it matters
“Trend reversal has happened.” That is how Rajat Rajgarhia, Managing Director and CEO at Motilal Oswal Institutional Equities,…
From UPI to CBDCs, India sets digital payments agenda at BRICS
New Delhi: India is likely to push for seamless cross-border payments using central bank digital currencies (CBDCs) within…
Decoupling from dollar: India sells US Treasuries & buys gold, holdings drop to 5-year low
With gold and other assets accounting for a growing share of reserves, India’s strategy echoes steps taken by…
RBI proposes linking BRICS’ digital currencies, says report – here’s why it would be an important move
The Reserve Bank of India (RBI) has proposed linking the official digital currencies of BRICS countries to facilitate…
Unclaimed assets in India: How to claim your deposits with IEPF — an explainer
Around ₹1.84 lakh crore worth of financial assets remain unclaimed by banks and regulatory authorities. Union Finance Minister…
PhonePe gets RBI nod to operate as ‘online payment aggregator’
Digital payments platform PhonePe on Friday announced that it has received the final authorization from the Reserve Bank…
PhonePe, Paytm, Cred halt credit card rent payments amid new RBI norms
Leading fintech platforms, including PhonePe, Paytm and Cred, have halted rent payment services on their apps. The category…
Paytm Payments Services Wins Payment Aggregator Authorization
Indian FinTech company Paytm said Tuesday (Aug. 12) that its payments subsidiary received “in-principle” authorization from the Reserve…
Paytm’s unit gets Indian central bank nod to operate as online payment aggregator
BENGALURU (Reuters) -Indian fintech firm Paytm’s Payment Services unit has got ‘in-principle’ approval from the country’s central bank…
RBI to make process easy for legal heirs claiming money from bank accounts of deceased customers
Mumbai, Aug 06: The Reserve Bank of India (RBI) announced on Wednesday that it has decided to standardise…
Euro hits record high against rupee, Europe trips get costlier
The euro climbed to an all-time high of ₹102.3763 against the Indian rupee, according to the Reserve Bank…
Legal heirs to find it easier to claim deceased person’s bank account, lockers: RBI plans to simplify procedure
Reserve Bank of India (RBI) governor, Sanjay Malhotra, announced three consumer centric initiatives on the concluding day of…