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Reserve Bank of India

SUVs roar on country roads as sales from rural India sees a spike

by Adesola Mojo
SUVs roar on country roads as sales from rural India sees a spike

Hyundai Motor’s top three cars sold in rural India during January-April 2024 were all SUVs, nudging out small car Grand i10 from the podium for the first time, reflecting the …

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Categories Automobile

Ban on Paytm Payments Bank: Startup founders send letter to RBI, here’s what it says

by Ev Richard
Ban on Paytm Payments Bank: Startup founders send letter to RBI, here’s what it says

Paytm founder Vijay Shekhar Sharma has found strong support from his fellow startup founders. A group of startup founders have written to Reserve Bank of India governor Shaktikanta Das and …

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Categories Technology

Paytm Shares Plan to Deal with RBI Ban on Paytm Payments Bank |

by Ev Richard
Paytm Shares Plan to Deal with RBI Ban on Paytm Payments Bank |

In a recent development, Paytm Payments Bank Limited (PPBL), an associate of One 97 Communications Limited (OCL), has been directed by the Reserve Bank of India (RBI) to take immediate …

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Categories Technology

Suzuki Motorcycle India partners with SMFG India Credit Co for vehicle finance

by Adesola Mojo
Suzuki Motorcycle India partners with SMFG India Credit Co for vehicle finance

Suzuki Motorcycle India Pvt Ltd on Friday said it has partnered with SMFG India Credit Co Ltd (formerly Fullerton India Credit Co) to provide financing on purchase of its two-wheelers. …

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Categories Automobile

RBI: RBI has a warning on these ads on Facebook, Instagram and other social media platforms

by Ev Richard
RBI: RBI has a warning on these ads on Facebook, Instagram and other social media platforms

The Reserve Bank of India (RBI) has an important warning for the public. The country’s apex bank RBI has cautioned the public not to fall prey to misleading advertisements related …

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Categories Technology

UPI: No OTP authentication required for these UPI auto payments up to Rs 1 lakh

by Ev Richard
UPI: No OTP authentication required for these UPI auto payments up to Rs 1 lakh

The Reserve Bank of India (RBI) has proposed to increase the limits for UPIauto payments for certain transactions without requiring additional verification, like one-time passwords (OTP). This means users won’t …

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Categories Technology

UCO Bank: Government to meet RBI, NPCI and TRAI after UCO Bank incident: What caused ‘Rs 820 crore technical glitch’ at the bank

by Ev Richard
UCO Bank: Government to meet RBI, NPCI and TRAI after UCO Bank incident: What caused ‘Rs 820 crore technical glitch’ at the bank

The Finance ministry has taken a serious notice of the recent major issue at UCO Bank and the rising cases of bank frauds in the country. The ministry and the …

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Categories Technology

Rbi: RBI returns Instamojo’s payment aggregator licence application

by Ev Richard
Rbi: RBI returns Instamojo’s payment aggregator licence application

Update: The story has been updated with Instamojo‘s commentsThe Reserve Bank of India (RBI) has reportedly returned Instamojo’s application for a payment aggregator (PA) licence. According to a report in …

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Categories Technology

Upi: UPI Lite X for offline payments: What it means for users

by Ev Richard
Upi: UPI Lite X for offline payments: What it means for users

Unified Payment Interface (UPI) has become one of the most popular ways for transactions in India. To improve convenience in payments, the governor of the Reserve Bank of India (RBI) …

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Categories Technology

RBI Maintains Repo Rate at 6.5%: No Change in Your EMIs

by Craig Fedirighi
RBI Maintains Repo Rate at 6.5%: No Change in Your EMIs

No Impact On EMIs As RBI Keeps Repo Rate Unchanged At 6.5% The Reserve Bank of India (RBI) has decided to keep the repo rates unchanged at 6.5% for the …

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Categories Business
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