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Aadhaar update: UIDAI makes online document update in Aadhaar free of cost [ad_1] In a step that puts the needs of the people first and would help millions of Indians, the Unique Identification Authority of India (UIDAI) has decided to make it free for residents to update documents in their Aadhaar online, according to the PIB press release. Duration of ...

Banks from 18 countries get RBI’s nod to trade in rupee: Centre in RS The Reserve Bank of India (RBI) has permitted banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) to settle payments in rupees, the government said. Speaking in Rajya Sabha, Union Minister of State for Finance Bhagwat Kishanrao Karad said that 60 ...

Central Banking publication names Shaktikanta Das governor of the year Reserve Bank of India’s Shaktikanta Das has been awarded the title of Governor of the Year by financial publisher ‘Central Banking’, which lauded him for critical reforms and overseeing payments innovation. “…Das has defended reform progress and driven it further himself. He shepherded the bankruptcy ...

SBI’s start-up branches showing good inflow of deposits: Chairman Khara State Bank of India’s (SBI’s) branches catering to the start-up ecosystem in the country are showing good inflow of deposits in the last two months. SBI Chairman Dinesh Khara told Business Standard that the bank was witnessing good traction in terms of flow of deposits for the Bengaluru ...

RBI rejects Bajaj Fin’s plan for Philippines operations over FATF concerns The Reserve Bank of India (RBI) has turned down an application from Bajaj Finserv to enter the Philippines market for lending activities. This is because the Philippines has been increasingly coming under the lens of the Financial Action Task Force, and has already been designated as ...

Treasury bill yields plunge as SVB collapse affects interest rate view After skyrocketing in the first 11 weeks of 2023, yields on the government’s Treasury Bills (T-bills) recorded a sharp decline on Wednesday as instability in global markets following the collapse of US-based Silicon Valley Bank (SVB) led to anticipation of central banks going slow on further ...

RBI doing it right on rate hikes, need more: IMF economist Luis Breuer IMF senior representative to India Luis Breuer on Wednesday said the RBI was doing the right thing on rate hikes, and added that there was need for more. “We believe that the tightening stance is appropriate for India in the medium-term, to ...

RBI, UAE central bank sign MoU on interoperability of their CBDCs The central banks of India and the United Arab Emirates have signed a memorandum of understanding (MoU) to explore interoperability between their respective central bank digital currencies, among other things. In a statement on Wednesday, Reserve Bank of India (RBI) said, “RBI and the ...

HDFC Bank, Flipkart Wholesale launch co-branded card for latter’s members HDFC Bank and Flipkart Wholesale, the omnichannel B2B platform of the Flipkart Group, launched a co-branded credit card exclusively for Flipkart Wholesale members on Wednesday . The credit card will offer users five per cent cashback on Flipkart Wholesale online spending. The launch of co-branded ...

Amid unabated fund outflow, rupee falls 25 paise to 82.62 against US dollar The rupee declined by 25 paise to 82.62 (provisional) against the US dollar on Wednesday amid a strong greenback against major currencies overseas and unabated foreign fund outflows. Traders said negative sentiment in the domestic equity market also hit the domestic currency. ...