State Bank of India: Public sector lender State Bank of India (SBI) in its Executive Committee of the Central Board on Tuesday approved to examine the status and decide on long-term fund-raising in single or multiple trenches up to US $2 Billion. SBI said that the fundraising of up to $2 billion would be done […]
Interest rates may stay higher for longer: Das
Reserve Bank of India (RBI) governor Shaktikanta Das stated on Friday there may be the opportunity of hobby charges staying better for longer, the arena over. “If the geopolitical conflicts continue, it can be a scenario of `excessive for long` with reference to hobby charges international over, now no longer simply the US,” Das observed. […]
RBI refuses to grant Paytm license as payment aggregator, asks company to reapply
The Reserve Bank of India (RBI) has refused to grant Paytm Payments Services (PPSL) a licence to operate as a payment aggregator, the company informed the bourses on November 26.The fintech company’s subsidiary had applied for authorisation to provide payment aggregator (PA) services for online merchants. This makes Paytm the only large payment gateway player […]