‘Depositors should be careful while chasing high returns’

Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors to be careful while chasing high returns as it comes with higher risk. Continue Reading

RBI keeps key rates unchanged

The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) expectedly voted to keep the benchmark repo and reverse repo rates unchanged at record lows today as the apex bank retained its gross domestic product (GDP) growth target for Asia’s third largest economy at 9.5 per cent in FY 2021-22. Continue Reading

Will expand scope of investment, says Modi

Prime Minister Narendra Modi today launched two ‘innovative, customer-centric initiatives’ of the Reserve Bank of India (RBI), the Retail Direct Scheme and the Integrated Ombudsman Scheme. Continue Reading

RBI slaps Rs 1 cr penalty on Paytm Payments Bank

The Reserve Bank of India (RBI), on Wednesday, announced that it has slapped a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL) for an offence committed of the nature referred to in Section 26 (2) of Payment and Settlement Systems Act, 2007 (PSS Act). Continue Reading