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  2. The rise and stunning fall of Paytm, which once had India’s ...

    www.aol.com/finance/rise-stunning-fall-paytm...

    In a stock filing immediately after the RBI's order, Paytm warned the order to close Paytm Payments Bank could drag down annual earnings before interest, tax, depreciation and amortization by up ...

  3. Payments bank - Wikipedia

    en.wikipedia.org/wiki/Payments_bank

    Paytm Payments Bank and Airtel Payments Bank together command over 88% of the deposits in payment banks in India in 2018. According to the Reserve Bank of India's report on ‘Trend and progress of Banking in India 2017-2018', the payment banks reported losses in the financial year 2017-2018, after a weak performance in the FY 2016-17. [14]

  4. Paytm Payments Bank - Wikipedia

    en.wikipedia.org/wiki/Paytm_Payments_Bank

    Paytm Payments Bank (PPBL) was an Indian payments bank, founded in 2017 and headquartered in Noida. [2] In the same year, it received the license to run a payments bank from the Reserve Bank of India and was launched in November 2017. [3] [4] [5] In 2021, the bank received a scheduled bank status from the RBI. [6] [7]

  5. Reserve Bank of India - Wikipedia

    en.wikipedia.org/wiki/Reserve_Bank_of_India

    The Reserve Bank of India ... access to financial services and products for the low-income groups in India. ... 2020, RBI is offering Floating Rate Savings Bonds ...

  6. India's Paytm to curtail low-value personal loans after ... - AOL

    www.aol.com/news/indias-paytm-curtail-low-value...

    BENGALURU (Reuters) -India's Paytm will issue fewer sub-50,000-rupee (about $600) personal loans, the digital payments firm said on Wednesday, weeks after the central bank tightened rules on ...

  7. RBI's rejection of 10-year bond bids fuels late rally - AOL

    www.aol.com/news/rbis-rejection-10-bond-bids...

    On Friday, RBI sold bonds worth 113.27 billion rupees, less than half of what it set out to raise for the government and rejected all bids at the sale of the 10-year bond.

  8. Reserve Bank of India Act, 1934 - Wikipedia

    en.wikipedia.org/wiki/Reserve_Bank_of_India_Act...

    Reserve Bank of India Act, 1934 is the legislative act under which the Reserve Bank of India (RBI) was formed. This act along with the Companies Act , which was amended in 1936, were meant to provide a framework for the supervision of banking firms in India .

  9. Monetary Policy Committee (India) - Wikipedia

    en.wikipedia.org/wiki/Monetary_Policy_Committee...

    The current mandate of the committee is to maintain 4% annual inflation until 31 March 2026 with an upper tolerance of 6% and a lower tolerance of 2%. [1] The Reserve Bank of India Act, 1934, was amended by Finance Act (India), 2016, to constitute MPC which will bring more transparency and accountability in fixing India's monetary policy. [2]