RBI Raises Offline Payment Transaction Upper Limit to ₹500 from ₹200 In a significant move aimed at promoting digital transactions and reducing the reliance on cash in India, the Reserve Bank of India (RBI) has recently increased the offline payment transaction upper limit to ₹500 from ₹200. This decision comes as a part of RBI’s…
RBI Expands Presence in North East India with Sub-Office in Kohima, Plans Office in Itanagar RBI Expands Presence in North East India | The Reserve Bank of India (RBI) has taken a significant step towards strengthening its presence in North East India by establishing a sub-office in Kohima, Nagaland. This move comes as part of…
RBI’s Annual Report 2022-2023 The Reserve Bank of India (RBI) recently released its Annual Report for the fiscal year 2022-2023. This report provides valuable insights into the state of the Indian economy and the various measures undertaken by the central bank to ensure stability and growth. In this article, we will delve into the key…
RBI Forex Trading Alert List | RBI Updates Alert List of Entities Not Authorized to Deal in Forex Trading RBI Forex Trading Alert List | The Reserve Bank of India (RBI) has recently released an updated alert list of entities that are not authorized to engage in forex trading. This move by the central bank…
RBI Governor Launches Financial Inclusion Dashboard “Antardrishti” The Reserve Bank of India (RBI) Governor recently launched a new initiative called the “Antardrishti” Financial Inclusion Dashboard. This dashboard aims to provide comprehensive and real-time data on the progress of financial inclusion in the country. It is an important development in the banking sector and holds significance…
RBI Withdrawal ₹2000 Banknotes: RBI Announces Withdrawal of ₹2000 Banknotes from Circulation In a recent development that has caught the attention of government job aspirants, the Reserve Bank of India (RBI) has made a significant announcement regarding the withdrawal of ₹2,000 banknotes from circulation. This decision holds implications for candidates preparing for various competitive exams,…
RBI Collaborates with GFIN to Prevent Greenwashing The Reserve Bank of India (RBI) has joined forces with the Global Financial Innovation Network (GFIN) to combat the growing issue of greenwashing in the financial sector. Greenwashing refers to the practice of presenting misleading information about a product or service’s environmental benefits. The collaboration aims to create…
NeoBank Jupiter Secures NBFC Licence Neobank Jupiter has received a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI). The Mumbai-based company is one of the few Indian fintechs to have acquired an NBFC license. Jupiter was launched in 2019 by Jitendra Gupta, who had previously co-founded Citrus Pay and served as…
RBI Allows AU Small Finance Bank to Deal with Foreign Exchange The Reserve Bank of India (RBI) has recently allowed AU Small Finance Bank to deal in foreign exchange (FX) services. The bank can now offer services such as outward remittances in foreign currency and issuance of foreign currency travel cards, among others. AU Small…
RBI to Launch Centralised Portal PRAVAH for Licencing Approval Applications The Reserve Bank of India (RBI) is set to launch a centralised portal called PRAVAH for all licencing and approval-related applications. The new portal is expected to simplify and streamline the entire process of applying for licences and approvals from the RBI. This move is…
