Monday, September 25, 2023

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RBI to introduce Digital Rupee pilot in 4 cities today; Deets inside

The first pilot of the Reserve Bank of India - issued (RBI) digital rupee will begin today. Earlier this week, the Central bank announced...

Here’re the reasons behind fluctuations in currency value

A couple of days ago, the rupee rose to 71 paise to 80.69 against the US dollar. Last year, it was around Rs 74...

This is why banks want you to swipe new credit card

Credit cared-issuing banks are going all out to get customers to use their cards within a month of receiving them. In the month of...

Indian Overseas Bank increases interest rates

Chennai, Oct 10: Indian Overseas Bank (IOB) has increased the interest rates offered on the retail term deposits post Monetary Policy Committee meeting of...

Number of credit cards decline by 23 lakh in a month

Due to a change in the RBI's regulation that needed lenders to deactivate cards that have not been in use for a year, the...

Edu NBFC Avanse Financial Services raises Rs 390 Cr funding

Avanse Financial Services, education-focused non-banking financial company, announced on Thursday that it has raised Rs 390 Cr funding. The funding has been raised from...

Rupee falls lowest among all the vital currencies in the world

So far in 2022, rupee has witnessed numerous fallings just for 6.51% against the dollar. The following is the complete data about how much...

Forex trading: Beware of RBI Alert

As illegal trading platforms are crowding the online space and cheating innocent people, Reserve Bank of India (RBI) has issued an important alert regarding...

UK slips behind India to become world’s 6th biggest economy

As stated by Bloomberg, Britain has dropped behind India to become the world's 6th largest economy. To become the 5th biggest economy, India toppled...

RBI seeks public review on alterations in payment systems

Along with the possibility of imposing tiered charges on transactions done via the Unified Payments Interface, the Reserve Bank of India is seeking feedback...

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