RBI disbands license of Laxmi Co-operative Bank Limited
The Laxmi Co-operative Bank Limited’s license has been revoked, according to the RBI, since the lender lacks sufficient capital and growth potential. Solapur, Maharashtra-based The...
Tag : RBI
Ashneer Grover criticizes RBI’s recent mandate against pre-paid payments instruments (PPI)
The former BharatPe co-founder and managing director (MD) Ashneer Grover is yet again in the news as he has targeted the Reserve Bank of India’s...
Inflation on retail reduces to 7.04% in May, however, above RBI’s limit of 6%
The retail inflation of India has been constantly rising; however, recently, the inflation rate has declined exponentially to 7.04% in the month of May since...
Reserve Bank of India to soon integrate UPI mode to credit cards
In a recent development, the Reserve Bank of India has initiated a mandate that states that credit card holders will most likely be able to...