The Reserve Bank on Tuesday barred JM Financial Products Ltd from providing any form of financing against shares and debentures, including sanction and disbursal of loans against initial public offering, with immediate effect. A security official walks past an emblem of the Reserve Bank of India at the RBI headquarters, in Mumbai (PTI FILE) {{^userSubscribed}} …
Paytm Payments Services applied for a licence with the Reserve Bank in November 2020 to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways. However, the apex bank rejected PPSL’s application in November 2022. The RBI asked the company to resubmit it to comply with Press Note 3 …
The Reserve Bank of India (RBI) has recently set the ball rolling for the licensing framework for authorised persons under the Foreign Exchange Management Act (FEMA). In other words, a new set of rules are being drafted to give permission to authorised persons to become money changers. It was first announced in the statement on …
The Reserve Bank of India on 24 November updated the ‘Alert List’ of unauthorized forex trading platforms by adding 19 more entities, including FX SmartBull, Just Markets, and GoDo FX, taking the total to 75. According to the list, these entities are neither authorized to deal in forex under the Foreign Exchange Management Act, 1999 …
Image Source : FILE Reserve Bank of India The Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish …
Image Source : FREEPIK.COM RBI likely to start digital rupee pilot The Reserve Bank of India (RBI) is likely to introduce the pilot of the Central Bank Digital Currency (CBDC) for transactions for the interbank borrowing or call money market by October, said central bank Executive Director Ajay Kumar Choudhary on Sunday. The pilot for …