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September Inflation Smashes 9-month High: Will It Delay RBI Rate Cut Plans?

Retail inflation, for the month of September 2024, is reported to have surged to 5.49% thus fueling further doubts over the RBI cutting interest rate in December. India’s retail inflation for September

October 17, 2024

Business

Marshall Wace Sells Stake In Paytm in INR 25 Cr Block Deal

On June 14, UK-based hedge fund Marshall Wace sold 585,938 shares of fintech leader Paytm for INR 25.08 crore in a block deal. According to data from the National Stock Exchange (NSE),

June 16, 2024

Business

RBI Denies Raj Kumar Bansal’s Reappointment as MD and CEO of Edelweiss ARC

The Reserve Bank of India (RBI) has declined the reappointment of Raj Kumar Bansal as the Managing Director (MD) and Chief Executive Officer (CEO) of Edelweiss Asset Reconstruction Company Limited (EARC). This

June 11, 2024

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RBI Introduces Auto-Replenishment for UPI Lite Wallet: What You Need to Know

The Reserve Bank of India (RBI) has taken a significant step to enhance the convenience of small-value digital transactions by proposing an automatic replenishment facility for UPI Lite wallets. This initiative, aimed

June 7, 2024

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Evaluating the Imperative for Enhanced Measures to Curb Unsecured Lending: Insights from RBI Governor Shaktikanta Das

In a recent statement, Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized the necessity of assessing whether additional measures are warranted to decelerate the surge in unsecured lending by banks and

June 7, 2024

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RBI Unlikely to Cut Interest Rates Amid Inflation Concerns, Say Experts

The Reserve Bank of India (RBI) is expected to maintain the benchmark interest rate at its upcoming monetary policy review meeting, scheduled for June 5 to 7, according to experts. This decision

June 3, 2024

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Paytm Payments Bank Update: What Services You Can Still Access After March 15

As the Reserve Bank of India (RBI) imposes restrictions on Paytm Payments Bank Ltd (PPBL) from March 15, it’s crucial to understand the services that will remain available to users post-deadline. Despite

May 29, 2024

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Adani’s Interest in Paytm: One97 Communications Dismisses Acquisition Rumors as Speculative

Reports have surfaced suggesting that Gautam Adani, the chairman of the Adani Group, is looking to acquire a stake in One97 Communications, the parent company of Paytm. However, One97 Communications has officially

May 29, 2024

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RBI Approves Surplus Transfer of Rs 2.11 Trillion to Government for FY24

In a significant move, the Reserve Bank of India’s (RBI) board has approved the transfer of Rs 2.11 trillion ($25.35 billion) as surplus to the federal government for the fiscal year ending

May 22, 2024

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Paytm Embraces UPI Lite Wallet Following RBI’s Payments Bank Crackdown

In response to the Reserve Bank of India’s (RBI) crackdown on its payments bank, One97 Communications, the parent company of Paytm, is shifting its focus towards the Unified Payments Interface (UPI) Lite

May 13, 2024

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