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The US Federal Reserve raised interest rates by 25 basis points on Wednesday, its first increase since 2018, and outlined an aggressive monetary policy stance that includes balance sheet reduction to combat record-high inflation. The … Read more
The Reserve Bank of India (RBI) on Friday directed Paytm Payments Bank to stop onboarding new customers with immediate effect and conduct a comprehensive audit of its IT system, citing “material supervisory concerns.” Shares of … Read more
The Reserve Bank of India (RBI) is expected to assess the situation resulting from the US and other nations’ sanctions against Russia and devise appropriate steps for commercial banks to follow in the coming days. … Read more
The Reserve Bank of India said on Tuesday that Gurugram-based sRide Tech Private Limited’ is operating a pre-paid instrument (wallet) through its car-pooling app’sRide’ without the necessary permissions, warning the public against using applications issued … Read more
T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI), advocated for an absolute ban on cryptocurrency in the country on Monday. There are compelling reasons to keep cryptocurrencies out of the formal … Read more