Tag:RBI

News

137% Surge in UPI Transactions Amid Growing Concerns Over Fraud, Reveals RBI Report

In a stark revelation, the Reserve Bank of India (RBI) has disclosed a staggering surge in digital payment fraud, soaring to an unprecedented 14.57...
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News

UPI Dominates Digital Payments in FY24 with Record Growth: RBI Report

Unified Payments Interface (UPI) accounted for nearly four out of five digital payments in India during the financial year 2024 (FY24), according to the...
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News

RBI Shifts Strategy to Limit Rupee Volatility with Non-Deliverable Forwards

The Reserve Bank of India (RBI) is altering its approach to managing rupee volatility by increasingly utilizing non-deliverable forwards (NDFs) over traditional spot market...
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Transfer/Appointment

R. Lakshmi Kanth Rao Appointed as Executive Director of RBI

The Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as Executive Director, effective from May 10, 2024. Rao was previously serving...
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Banking

RBI Lifts Restrictions on Bank of Baroda’s Mobile App Bob World

The Reserve Bank of India (RBI) has granted Bank of Baroda to resume on-boarding customers through its mobile application, Bob World. This decision comes...
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Banking

RBI Directs Non-Bank Lenders to Adhere to Cash Payout Limit for Loans

India's Reserve Bank, in a recent move, cautioned non-bank lenders against surpassing the permissible limit of ₹20,000 ($240) for cash loans, aiming to curb...
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Appointment

Sanjeev Nautiyal Appointed as MD and CEO of Ujjivan Small Finance Bank

The Reserve Bank of India (RBI) has approved the appointment of Sanjeev Nautiyal as the Managing Director and Chief Executive Officer (CEO) of Ujjivan...
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Appointment

Atanu Chakraborty Reappointed as Part-Time Chairman of HDFC Bank Board

The Reserve Bank of India (RBI) has approved the reappointment of retired IAS officer Atanu Chakraborty as the part-time Chairman and Independent Director of...
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Latest news

Transfer/Appointment

Lt. Gen Syed Ata Hasnain (Retd.) Appointed Governor of Bihar

Lt. Gen Syed Ata Hasnain (Retd.) has been appointed as the Governor of Bihar, marking the transition of the...
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Appoitment

Sanjay Agarwal Reappointed as MD & CEO of AU Small Finance Bank

AU Small Finance Bank has reappointed Sanjay Agarwal as its Managing Director & Chief Executive Officer, reaffirming leadership continuity...
Transfer/Appointment

Odisha IAS Reshuffle: Key Changes Across MSME, Industry and Governance Sectors

The Government of Odisha has issued a fresh round of administrative adjustments among senior IAS officers, as per a...