Tag:Reserve Bank of India

BFSI

RBI Joins ASEAN Nations in Project Nexus for Instant Cross-Border Retail Payments

In a landmark agreement, the Reserve Bank of India (RBI) and four ASEAN countries have committed to the creation of a platform designed to...
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Banking

RBI Increases Ways and Means Advances Limit for States and UTs to Rs 601.18 Billion

The Reserve Bank of India (RBI) has announced a significant increase in the aggregate limit for the Ways and Means Advances (WMA) facility available...
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Economy

RBI Governor Shaktikanta Das Predicts Major Structural Shift in India’s Growth Trajectory

Reserve Bank of India (RBI) Governor Shaktikanta Das has expressed a highly optimistic economic outlook, forecasting that India is on the cusp of a...
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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 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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Banking

RBI to Combat Cyber Fraud, Including Restrictions on Suspicious Bank Accounts

Reserve Bank of India (RBI) is poised to introduce new guidelines aimed at bolstering the country's defenses against the rising tide of cyber crime....
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Banking

RBI Directs Kotak Mahindra Bank to Halt New Credit Card Issuance and Customer Onboarding

The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to suspend the issuance of fresh credit cards and cease onboarding new customers...
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Appointment

Somnath Adak Appointed Group Chief Financial Officer at TO THE NEW and CloudKeeper

TO THE NEW and CloudKeeper have appointed Somnath Adak as Group Chief Financial Officer (CFO), strengthening the financial leadership...
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Appointment

Altera Appoints Nishit Sahay as Chief Information Officer

Altera has appointed Nishit Sahay as its Chief Information Officer (CIO), strengthening the company’s senior technology leadership. In his...
Appointment

Chetan Garg Appointed Chief Financial Officer at RateGain

RateGain has appointed Chetan Garg as its Chief Financial Officer (CFO), strengthening the company’s senior leadership team. In his...