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NaBFID to be regulated as AIFI under RBI Act

NaBFID to be regulated as AIFI under RBI Act : Rashtra News #NaBFID #regulated #AIFI #RBI #Act The Reserve Bank on Tuesday said NaBFID will be regulated and supervised as an All India Financial Institution by it under the RBI Act, 1934. The National Bank for Financing Infrastructure and Development (NaBFID) Act, 2021, received the ....

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RBI Claims 97.62% Of Rs 2,000 Currency Notes Back In System; Note Continue To Be Legal Tender

The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹8470 crore ....

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₹2000 banknote still legal tender, circulation drops to ₹8,470 crore: RBI

The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation on May 19, 2023. ....

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Paytm, Paytm Payments Bank discontinue inter-company pacts to reduce dependencies

Amid RBI s action on its associate firm, One 97 Communications on Friday said the board has approved the discontinuation of inter-company pacts with Paytm Payments Bank to reduce dependencies. ....

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Is Paytm Payments Bank saga casting a shadow on India's UPI success story? 3 experts weigh in

Most fintech players believe that crackdown on Paytm Payments Bank is a setback, albeit temporary, and does not encapsulate the state of affairs of the industry. They also assert that the UPI’s success story is yet not ripe, and has several more milestones to achieve ....

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