Bank credit growth slowed to 16.8% in third quarter: RBI- Bank credit growth slowed down to 16.8% in the October-December 2022 period from a year earlier, RBI data showed. According to the Reserve Bank of India's quarterly statistics on bank deposits and credit, this compares to 17.2% in the ...

RBI scraps licence of MP-based Garha Co-operative Bank: The licence of Madhya Pradesh's Garha Co-operative Bank, Guna, was withdrawn by the Central Bank of India (RBI) due to insufficient capital and earning potential. According to a statement from the RBI, approximately 98.4% of the depositors of ...

RBI: Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems- Reserve Bank of India vide its Circular dated 16th February, 2023 regarding the introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and ...

RBI makes changes in NEFT, RTGS for daily reporting of foreign remittances: With the Home Ministry mandating SBI to report all details of overseas donors, including the purpose of remittances on a daily basis, the Reserve Bank of India (RBI) on Thursday made necessary changes in NEFT and RTGS ...

CAMSPay receives RBI nod to operate as payment aggregator: CAMSPay has received in-principle approval from RBI to operate as a payment aggregator. It is a part of Chennai-based Computer Age Management Services (CAMS). February 2023 Current Affairs Quiz CAMSPAy, a payment platform ...

RBI’s financial literacy week 2023: The RBI's "Financial Literacy Week" began on February 13 and runs through February 17, 2023. Since 2016, the Reserve Bank of India (RBI) has held this event annually to spread information on financial education to the general people throughout the country.  Last ...

RBI announces pilot for QR code-based Coin Vending Machine: The governor of the RBI, Shaktikanta Das, indicated that a pilot programme to introduce coin-operated vending machines that employ QR codes will start soon. In response to the outcome of the monetary policy for the year 2023, the Central ...

RBI expands scope of TReDS platform to allow insurance facility, secondary market ops & to improve cashflow of MSMEs: RBI expands scope of TReDS platform to allow insurance facility, secondary market ops & to improve cashflow of MSMEs. The guidelines on Trade Receivables Discounting System ...

RBI: Number of micro ATMs increases in 2022- According to data, released by the RBI, as of December 2022, the total number of micro ATMs across the country has reached 14.19 lakh. But, there has been no significant surge in the value of money withdrawn through these devices since June ...

RBI’s Digital Payments Index Jumps to 377.46 in Sept from 349.30 in March: According to the RBI's Digital Payments Index, which gauges the uptake of online transactions, digital payments worldwide saw growth of 24.13% in the year through September 2022.The newly-constituted RBI’s Digital Payments ...