RBI limits lenders' net rupee positions to $100 million to stabilize currency amid rising energy prices and foreign outflows.
RBI has capped banks' daily net open rupee positions at $100 million in the onshore forex market, with compliance required by April 10.
The penalty follows a statutory inspection of Pine Labs conducted for the period between July 2024 and May 2025. RBI ...
Apex bank’s outline for India’s payments ecosystem includes ‘shared responsibility framework’, payments switching service, and more ...
RBI imposes monetary penalties on Union Bank, Central Bank of India, Bank of India and Pine Labs for non-compliance with ...
You could have legally remitted about Rs 2.15 crore in March 2025 at an exchange rate of Rs 86 to a dollar, but you can now ...
This initiative aims to merge the trusted, well-established features of traditional paper cheques with the efficiency, speed ...
The Reserve Bank of India (RBI) on Friday injected Rs 65,322 crore of transient liquidity into the banking system through a ...
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