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The Reserve Bank of India (RBI), India’s central bank, has confirmed a partnership with Ripple Labs for its Digital Rupee initiative. RBI will use Ripple’s XRP Ledger and the firm’s expertise in blockchain technology and cross-border transactions to

A story on ATMs - Total number of ATMs India had at the end of fy23 was 1.31 lakhs. These are standalone ATMs that aren't inside a bank's branch. This figure is about 1.5% more than last year. This tiny growth isn't driven by banks, but instead by

Today's scoop: 😋 Despite RBI action, Kotak Mahindra Bank stays strong, assuring customers of smooth operations. ☝️ While pausing new credit card issuances temporarily, they're on it—working hand in hand with regulators. ⛔ Stock prices took a hit

Navi Finserv Ordered to Cease Loan Disbursement by RBI 🚨 In a recent development, Navi Finserv, the NBFC arm of Sachin Bansal’s Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa

Opened a start-up current account with Yes Bank. Out of service area so the RM has to get permission from head office. Yesterday RM called saying RBI has frozen the account because allegedly they called me to verify and I said "we never applied for

About Rates in the market... To strike a balance in market, the RBI has to consider all economic factors and carefully set the key rates. Any imbalance in these rates can lead to economic chaos: 1)Repo Rate:-The rate at which RBI lends money to oth

Have studied about Monetary Policy in short and it's effect. The monetary policy is a tool through which the Reserve Bank of India (RBI) controls the money supply by controlling the interest rates. RBI is India’s central bank. While setting the int

"RBI Lifts 7-Month Ban on JM Financial Services, Allowing Financing Against Shares and Debentures" Following the RBI's decision to lift restrictions after seven months, JM Financial Services can now resume offering financing against shares and deben

Hey! 👋 Check out this app I built: bit.ly/4eJuaRz. You can upload your bank statement or PhonePe transaction history PDFs, and the app will analyze your transactions to provide insights and suggestions on your spending habits. Please note, the app

Hello, I’m Abubakar Yahaya Inuwa, founder of EventNukhba. Recently, it has become difficult for Nigerians to use ATM cards or send remittances from Nigerian banks to India, as these services no longer function as they used to. This has caused major c