The National Payments Corporation of India on Thursday granted approval to Paytm-owner One97 Communications Ltd to participate in UPI as a Third-Party Application Provider (TPAP) under the multi-bank model. Axis Bank, HDFC Bank, State Bank of India, and YES Bank will act as Payment System Provider (PSP) banks to Paytm.
Khara will replace SBI Chairman Rajnish Kumar, whose three-year term comes to an end on October 7.
One of the 22 Indian crew manning a crippled cargo ship which collided against a bridge in Baltimore has suffered a 'minor injury' while the rest are all safe aboard the vessel, owners of the Singapore-flagged ship said on Wednesday.
Hours after an Iranian military commander claimed to have located the crash site of the helicopter carrying Iranian President Ebrahim Raisi, conflicting reports emerged as the head of Iran's Red Crescent Society, Pir Hossein Koulivand, said that rescue teams are still searching the area for the accident site.
Raisi's condition currently remains unknown, Iranian state news agency IRNA has reported, after the helicopter he was traveling in crashed in the country's East Azerbaijan Province.
Officials said that Moscow has dispatched a panel of inquiry to probe into the incident.
The bill to amend the IIM Act of 2017 was introduced in the Lok Sabha last Friday amid disruptions by opposition members over the Manipur violence issue.
The pictures and videos of the locals wading through waist deep water in Bawana JJ colony area, waterlogged houses, school and hospital went viral on social media even as teams of engineers from Haryana and Delhi worked on a war footing to plug the breach.
'The committee has been constituted. Different government departments and FSDC members are part of it.'
After stepping down from the board with effect from September 30, he will remain as Chairman Emeritus of the FMCG firm, according to a statement issued on Wednesday. The 79-year-old industrialist passed on the baton of GCPL to his younger daughter Nisaba Godrej in 2017 after leading the company for 17 years.
Reserve Bank Governor Shaktikanta Das on Wednesday said the country is at the doorstep of economic revival on the back of accommodative monetary and fiscal policies being pursued by the central bank and the government.
'There is merit in keeping the central bank's balance sheet strong if the government's fiscal balance sheet is weak.'
The two major parties offer the United States choices that are basically unacceptable and the bench strength, such as it is, is not entirely capable of winning popular acclaim, notes Shreekant Sambrani.
Senior bankers point out that while they will eventually attract qualified professionals, onboarding them takes time.
At the meeting of the Board of Governors of IIM Bengaluru held on February 11, the chairperson, Mukesh D Ambani, expressed his decision to step down, IIM-B said.
RBI had a board meeting recently.
Defending the timing of Yes Bank's moratorium, Reserve Bank of India governor Shaktikanta Das on Friday assured swift resolution to the issues concerning the beleaguered lender. "The resolution (to Yes Bank) will be done very swiftly, it will be done very fast. 30 days which we have given is the outer limit. You will see a very swift action from RBI," Das told reportters in Mumbai.
The former Delhi chief minister said her conscience is clear and she is not scared of anyone.
Meanwhile, the sports ministry has asked the PCB not to offer a long-term contract to its incumbent director of cricket Mohammad Hafeez yet, who came into the role after the 50-overs World Cup last year.
The Reserve Bank (RBI) resisted a 'raid' planned by some in the government to extract Rs 2-3 lakh crore from its balance sheet in 2018 to meet populist spending in run-up to general elections, Viral Acharya, who was deputy governor at RBI at that time, has written.
All three have cited personal reasons for giving up thepositions.
The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.
The Reserve Bank of India (RBI) will meet top executives of asset reconstruction companies (ARCs) on Friday to take stock of the sector. During the meeting, ARCs will also seek clarity from the regulator on bank borrowing. While there is no regulatory ban in place, ARC sources said banks often refuse funding.
Governments that did not respect the central bank's independence would sooner or later incur the wrath of financial markets, ignite economic fire, and come to rue the day they undermined the regulatory institution, Deputy Governor Viral Acharya warned.
Binny and Shukla travelled to Pakistan following an invitation to members of the Asian Cricket Council
The Reserve Bank on Thursday tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans, a move aimed at making the lenders more cautious on such advances. The risk weight on unsecured consumer loans has been raised by 25 percentage points. The new regulations, however, will not be applicable on housing loans, education loans, vehicle loans and loans secured by gold and gold jewellery, the Reserve Bank said in a circular.
Such minutes will be available within two weeks from the date of its confirmation in the next meeting of the central board and on being signed by the chairman in the same meeting, the RBI said in a statement on its website.
Prime Minister Narendra Modi has invited New Jersey Governor Chris Christie to visit India with a trade mission.
'If, as happened in Baramulla during the 2024 Lok Sabha election, the youth in the Valley get triggered enough to jump into the wider fray, the end result would be difficult to predict, especially as the state's post-August 5, 2019 political format remains substantially fragmented and foggy,' points out Mohammad Sayeed Malik, the veteran commentator on Kashmir affairs.
The Reserve Bank has found gaps in banks' corporate governance despite issuing guidelines on the matter, Governor Shaktikanta Das said on Monday. Addressing directors of bank boards, Das said such gaps, which have been mitigated, could have caused "some degree of volatility". He also hit out strongly against "smart accounting" to conceal stress and bloat financial performance.
Three rear compartments of the Kanchanjunga Express derailed under the impact of the collision by the locomotive of the goods train from behind, the police officer said.
'If there is an RBI majority in the committee, there is no question of a veto.'
The Union finance ministry will meet CEOs of public sector banks to discuss issues related to cybersecurity in the wake of the Rs 820 crore (Rs 8.2 billion) fraud that hit Kolkata-based UCO Bank last month.
Delhi Chief Minister Arvind Kejriwal 'directly used' part of the alleged Rs 100 crore generated from the 'kickbacks' of the Delhi excise policy 'scam' by staying in a luxury hotel in Goa, the Enforcement Directorate (ED) has claimed in its charge sheet filed against the Aam Aadmi Party supremo.
All 10 members of the Shri Amarnath Shrine Board sent in their resignations to Jammu and Kashmir Governor N N Vohra on Wednesday.
US President Barack Obama has nominated Janet Yellen to head the Federal Reserve Board, describing her as one of America's "foremost economists and policy makers".
Kerala Governor Justice P Sathasivam has lodged a complaint with the Civil Aviation Ministry seeking an inquiry into the circumstances leading to his missing an Air India flight from Kochi to Thiruvananthapuram on Tuesday.
India and Pakistan haven't played a bilateral series since 2012/13, after that series the bilateral cricket ties between India and Pakistan have been suspended due to the heightened diplomatic tensions between the two neighbours.
The trial court shall, as far as practicable, conduct trial from day to day, and complete the same on or before July 31, 2024, the judge added.
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
