SBI Credit Card Charge News: SBI Cards & Payment Services has announced an increase in the SBI Credit Card charges. Rent payments made through credit cards will now incur a fee of Rs 199 plus taxes, as per an email and SMS notification sent to SBI Cards users.
The government has set a target of Rs 16,000 crore for Sovereign Green Bond auction in the current financial year, aiming to reduce emissions and increase non-fossil fuel-based energy resources.
UPI is a system that bunches multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing and merchant payments under a common platform.
Reserve Bank Governor Shaktikanta Das rejected speculations about Indian banks may have exposure to ongoing market turbulence prompted by the Adnai row.
Home, car loan EMIs set to rise again as RBI hiked interest rate by 25 BPS to 6.5%
The RBI has been tasked to ensure that retail inflation remains at 4 per cent with a margin of 2 per cent.
Since May last year, the Reserve Bank has increased the short-term lending rate by 225 basis points to contain inflation, mostly driven by external factors, especially global supply chain disruption following the Russia-Ukraine war outbreak.
Another official of the RBI said users of Central Bank Digital Currency in the retail segment will reach 50,000 by the end of this month.
Core inflation is the portion of overall inflation that excludes food and oil. Since, food costs have decreased, which is generally what happens in the winter, Rajan argued that the problem with inflation is disinflation.
The observations in the RBI's Report titled 'State Finances: A Study of Budgets of 2022-23' comes in the backdrop of Congress-ruled Himachal Pradesh becoming the latest state to announce reverting to the Dearness Allowance (DA) linked Old Pension Scheme (OPS).
Amid global shocks and challenges, the Indian economy presents a picture of resilience and the regulators are ready to take appropriate actions to preserve financial stability, RBI Governor Shaktikanta Das said.
While talking with Congress leader Rahul Gandhi, the former governor of the Reserve Bank of India said, "India is also going to be hit. India's interest rates have also gone up but Indian exports have been slowing quite a bit. India's inflation problem is more about commodities inflation problem, ve
RBI stopped printing the Rs 2,000 currency notes 3 years back. There is information that people have hoarded it and it is being used for terror funding, drug trafficking and black money, Sushil Modi said.
The RBI on Wednesday hikes the key repo rate by 35 basis points. The rise in repo rate is the fifth straight increase since May.
SC on demonetisation: Reserving its verdict on a batch of pleas challenging the Centre's 2016 decision, a five-judge constitution bench headed by Justice SA Nazeer heard the submissions from Attorney General R Venkataramani, RBI's counsel, and the petitioners’ lawyers.
The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das decided by majority view in favour of the rate hike.
The RBI has said the e₹-R would offer features of physical cash like trust, safety and settlement finality.
The RBI Governor termed the launch of the central bank digital currency (CBDC) as a landmark moment in the history of currencies in the country.
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with certain provisions of the White Label ATM (WLA) directions, the central bank said in a release.
The Reserve Bank of India (RBI) will launch first pilot of Digital Rupee for the wholesale segment on November 1, 2022 (Tuesday), a statement said on Monday.
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