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RBI signs MoU with Bank of Mauritius to promote use of local currencies for bilateral transactions.
Daily Learnings... • 1y
Brief History of RBI The Reserve Bank of India (RBI) was established on April 1, 1935, based on the Hilton Young Commission's recommendations and the Reserve Bank of India Act, 1934. Initially, the RBI took over the functions of the Controller of
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The Reserve Bank of India (RBI) has announced that it will soon revise the transaction limits for Unified Payments Interface (UPI) payments made to merchants, also known as person-to-merchant (P2M) transactions. This move is aimed at enhancing the ef
See MoreDon't Miss Opchunity... • 5m
As of January 24, 2025, here are the latest developments in the cryptocurrency industry: 1. Presidential Executive Order on Cryptocurrency President Donald Trump has signed an executive order titled "Strengthening American Leadership in Digital Fin
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How does RBI earn money ? & why the RBI is more of a banker than a regulator. Last year, the RBI transferred over ₹87,000 Crore to the government, and it's expected to surpass ₹1,00,000 Crore in FY 2025. But how does the RBI generate this enormous
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