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Reserve Bank Of India News

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RBI announces exclusive '.bank.in' domain to tackle financial frauds, expands digital security measures

The RBI has already introduced additional authentication factors for digital payments, and this security measure will now be extended to online international transactions made to offshore merchants, ensuring safer cross-border digital payments.To help market participants manage i...
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Rupee’s freefall: Will RBI intervene as currency nears 87.60 against USD?

On Wednesday, the rupee plunged 36 paise to close at an all-time low of 87.43 against the US dollar....
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RBI receives disturbing bomb threat as Delhi schools grapple with similar crisis!

New Delhi: The Reserve Bank of India received a bomb threat via email in Russian, prompting an investigation by Mumbai police, coinciding with a wave of similar threats targeting schools in Delhi. ...
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Why did RBI transport 102 tonnes of Gold from Bank of England on Dhanteras?

RBI transports gold to India: This move reflects India’s ongoing strategy to safeguard its gold reserves in light of rising global geopolitical tensions, with further transfers being considered....
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Why hasn't RBI cut interest rates despite US rate cuts and low inflation?

RBI Interest Rate 2024: The policy stance was changed from "withdrawal of accommodation" to "neutral," signaling the RBI’s intention to provide more flexibility in responding to evolving economic conditions. ...
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India's GDP growth slows to lowest in five quarters: April-June 2024 figures show decline

India's GDP growth for the April-June 2024 quarter has slumped to 6.7%, its lowest in five quarters. The decline underscores the challenges facing the...
Shaktikant Das, RBI Governor

Now from days to hours, RBI announces faster cheque clearance

Traditionally, cheque clearance has taken anywhere from two to five days, often causing delays in financial planning and transactions. The new system ...
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You will not be able to pay Credit Card bills via Paytm, Phone Pe; Here are new rules

As per recent guidelines of RBI, all the payments have to go through the Bharat Bill Payment System (BBPS), managed by the National Payments Corporati...
RBI Governor Shaktikanta Das

Repo rate remains unchanged for 8th time; know how it will impact general public

No change means that banks taking loans from RBI will continue to get loans at the same rate as they were getting earlier....
Queen of England in vaults of Bank of England.

Why is India’s gold in Bank of England? What is 'City of London' where world stores its gold?

The Bank of England is located in the 'City of London,' a unique jurisdiction with its own police, laws, and court system. ...
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RBI halts Kotak Mahindra from issuing new credit cards; Here's what's wrong

The central bank's primary objective is for Kotak Mahindra Bank to address the identified IT risk and information security concerns effectively. ...
Reserve Bank of India

RBI proposes new guidelines for payment aggregators: Here's what you need to know

Payment aggregators are required to ensure that marketplaces onboarded by them strictly adhere to collecting and settling funds solely for services of...
RBI governor Shaktikanta Das

Why is RBI's gold reserves at all time high amid soaring prices?

RBI's foreign exchange reserves have also hit an all-time high, soaring to $645.6 billion by the end of March 2024....
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Man receives message on phone, looses Rs 16 lakh in one second; Here's what happened

As financial scams continue to proliferate, vigilance remains the cornerstone of defense against such nefarious schemes. ...
Paytm Payment Bank

What are RBI's new restrictions for Paytm Payment's Bank? All you need to know about its aftermath

The latest directive from the RBI prohibits Paytm Payments Bank from accepting new deposits, credit transactions, or top-ups until March 15, 2024....

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