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RBI

India’s forex reserves rise over $507 bn

Mumbai: India's foreign exchange reserves rose by over $5.942 billion during the week ended June 12. According to the RBI's weekly statistical supplement, the overall forex reserves increased to $507.644 billion from $501.703 billion…

RBI to regulate non-bank payments aggregators

Mumbai: The Reserve Bank will from now on regulate non-bank payments aggregators. Besides, existing non-bank PAs will be required to submit application seeking for authorisation on or before June, 30, 2021. In its "Oversight Framework…

RBI takes CRAs’ feedback on rating process

Mumbai: To strengthen the rating process, the Reserve Bank of India (RBI) garnered the credit rating agencies' (CRAs) feedback as well as their assessment of the economy and various sectors. The RBI Governor on Wednesday discussed with top…