Latest News 2024

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Welcome India’s Best Finance Partner For Every Business Owner In This Section We Cover All Latest News 2024 About Banking News, Finance News, Business News

Paytm

Paytm payments bank some services will ban but paytm app will be working know answer by paytm

Following the restriction on certain services of Paytm Payments Bank, can you still perform money transfers using the Paytm app? The company provided this response. Paytm Payments Bank Hit by RBI Restrictions: What You Need to Know Effective February 29, 2024, Paytm Payments Bank faces significant limitations imposed by the Reserve Bank of India (RBI). […]

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Rs 2,000 notes exchange facility will be unavailable on January 12

Rs 2,000 notes exchange facility will be unavailable on January 12 at Mumbai Regional Office, says RBI

Rs 2,000 notes exchange facility will be unavailable on January 12 Here is a Reading friendly summary of the article about Rs 2000 note exchange facility being unavailable on Jan 12: . A few years back, the government had banned old Rs 500 and Rs 1000 notes. At that time, the Reserve Bank of India

Rs 2,000 notes exchange facility will be unavailable on January 12 at Mumbai Regional Office, says RBI Read More »

MSMEs and SME Updates

31.6 million MSMEs registered With Gov. in July,2020 to Dec,2023

31.6 million MSMEs registered With Gov. in July,2020 to Dec,2023 Here is a child-friendly summary of the article about MSMEs registered With Gov: MSME stands for Micro, Small and Medium Enterprises. MSMEs are small businesses that provide goods and services in our country. Examples are local shops, factories, handicraft makers etc. The Indian government keeps

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92% out of the outstanding loans

92% out of the outstanding loans are derived from housing personal auto credit card debt.

92% out of the outstanding loans are derived from housing personal auto credit card debt. Here is a summary about the majority of loans being for housing and personal use report Published By RBI 2023: The Reserve Bank of India (RBI) released some data about loans people have taken from banks. The RBI found that

92% out of the outstanding loans are derived from housing personal auto credit card debt. Read More »

UPI regulation

UPI transaction rules 2024: New regulations applicable from January 1

UPI transaction rules 2024: New regulations applicable from January 1 summary about new UPI transaction rules from January 1, 2024: UPI or Unified Payments Interface allows us to easily make payments from our bank accounts using our phones. You may have seen your parents use apps like Google Pay, PhonePe and PayTM that use UPI.

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2000 currency notes are back in the system

The Reserve Bank of India (RBI) has reported that 97.38 of the Rs. 2000 currency notes are back in the system.

The Reserve Bank of India (RBI) has reported that 97.38 of the Rs. 2000 currency notes are back in the system. A few years back, the Indian government had banned some old Rs 500 and Rs 1000 notes. It wanted people to deposit these old notes back into banks. At that time, the Reserve Bank

The Reserve Bank of India (RBI) has reported that 97.38 of the Rs. 2000 currency notes are back in the system. Read More »

RBI Digital Currency

RBI meets target as December 27 saw more than 1 million CBDC transactions

RBI meets target as December 27 saw more than 1 million CBDC transactions The Reserve Bank of India (RBI) has its own digital currency called the Central Bank Digital Currency or CBDC. It’s a bit like an online version of cash. The RBI had set a target to reach 1 million CBDC transactions in a

RBI meets target as December 27 saw more than 1 million CBDC transactions Read More »