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UPI Lite wallet limit and transaction limits for feature phone users increased
The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to ₹5,000 and per…
Rise seen in financial inclusion index, jobs in the country, notes RBI
Improvement in FI-Index is mainly contributed by usage dimension, which further reflect deepening o…
RBI directs all banks to keep branches open till March 31 for annual closing
The central bank has written a letter to all the agency banks that they should keep their designate…
ANI
Retail inflation eases to 3-month low of 5.1% in January, IIP grows 3.8% in December
Retail inflation eased to a three-month low of 5.1% in January mainly on account of lower food pric…
Simplifying digital payments: Creating a UPI pin adds the layer of protection
The Indian government’s unified payments interface (UPI) was launched back in 2016, and it took the…
RBI allows banks to issue electronic cards for overdraft accounts
"...it has been decided to permit banks to issue electronic cards to natural persons having Overdra…
PTI
Prosecutors say Sam Bankman-Fried helped create a new company with no employees to get round FTX being rejected for a bank account in California
The company, North Dimension, had no business operations besides a bank account, prosecutors said i…
Pete Syme
U.S. Bank has been fined nearly $36 million for freezing some customers' access to unemployment benefits during the pandemic
The CFPB said U.S. Bank froze tens of thousands of ReliaCard accounts and didn't make it easy for c…
Grace Dean
Goldman CEO David Solomon releases charity single called 'Learn to Love Me' as part of his electronic-dance side project
A Goldman spokesperson said its CEO "enjoys producing music, and he is dedicated to giving back. Al…
Zahra Tayeb
With transactions worth ₹126 lakh crore, UPI rules digital payments in 2022: Worldline report
Indians are increasingly choosing to pay digitally with transactions via debit, credit, prepaid car…
India's growth to moderate to 6.4% in FY24: Asian Development Bank
The Asian Development Bank on Tuesday said India's economic growth is expected to moderate to 6.4 p…
PTI
Rupee at 80: Here’s how a falling Rupee could impact India's current account deficit
The Indian Rupee has breached the psychologically important barrier of 80 against the US Dollar. Ru…