RBI defends Rs 2000 note exchange exercise in court, says not demonetisation

The Reserve Bank of India (RBI) on Tuesday told the Delhi high court that withdrawal of Rs 2000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was......

PIL filed against exchange of Rs 2000 notes without ID, requisition slip

A public interest litigation was filed in the Delhi high court on Monday against permission to exchange Rs 2000 banknotes without obtaining any requisition slip and identity proof. Photograph: ANI......

Delhi woman dies after being dragged for 4 km by car

In a shocking incident, a 20-year-old woman died after her scooty was hit by a car and her body was dragged for around four kilometres in outer Delhi's Sultanpuri on Sunday, police said. IMAGE:......

Mother Teresa's charity requested bank account freeze: Govt

The Mother Teresa-founded Missionaries of Charity's application for renewal of a licence to receive foreign contributions was turned down by the Union Home Ministry on Christmas Day citing 'some......

'Cheaper, faster, safer': India, Singapore launch real-time payments link

In the first such collaboration for India, the country’s flagship payments platform, the Unified Payments Interface (UPI), and Singapore’s PayNow payment system have launched a......

Credit card spends in Dec cross Rs 1 trillion for 10th month in a row

After a sequential fall in November, due to high base and waning of the festival season effect, credit card spends have picked up again in December, recording over Rs 1 trillion for the 10th......

Credit card spends fall 11% in Nov

Credit card spending dropped 11 per cent sequentially in November at Rs 1.15 trillion, but topped Rs 1 trillion for the ninth month straight, data from the Reserve Bank of India (RBI) showed as the......

Credit card base of major issuers erodes in Q2 over RBI's norms

Credit card issuers saw significant erosion of their card base during the July-September quarter as the Reserve Bank of India’s (RBI) norms mandated deactivation of cards that have been......