In the 6th Bi-monthly Monetary policy statement for 2017-18, the Reserve Bank of India (RBI) has kept the key interest rate “repo rate” unchanged at 6% and reverse...
Jerome Hayden Powell has been sworn-in as the new Chairman of the Federal Reserve for a four-year term on February 5, 2018. The oath was administered by Vice...
Arun Jaitely, the Union Finance Minister, has inaugurated India’s first sentiment index “CriSidEx” for micro and small enterprises in New Delhi. CriSidEx, which is developed jointly by SIDBI...
The Union Government has allowed Small Finance Banks and Payments Banks to offer Atal Pension Yojana (APY). Recently, 10 Small Finance Banks and 11 Payment Banks have got...
Dilip Asbe has been appointed as the new Managing Director and CEO of National Payments Corporation of India (NPCI). Prior to this, Asbe was CEO-in-charge of NPCI. He...
US buyout giant Kohlberg Kravis Roberts (KKR) & Co. has become the first foreign investor to fully own an Asset Reconstruction Company (ARC) in India as it received...
To promote digital transactions, the union cabinet has recently decided to bear the Merchant Discount Rate (MDR) applicable on digital payments via debit cards, etc., up to Rs...
India will host the 3rd Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) at Mumbai in June 25-26, 2018. The theme of the...
OBOPAY, the global mobile payment solutions company, has recently secured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed...
The Reserve Bank of India (RBI) has kept the key interest rate “repo rate” unchanged at 6% and reverse repo at 5.75% in its fifth bi-monthly monetary policy...
