The RBI said that following the cancellation of the Certificate of Authorisation (CoA), these companies cannot transact the business of issuance and operation of prepaid payment instruments.
In the quarter ended September of 2021, the bank became profitable
The Reserve Bank of India (RBI) has warned of a rise in bad loans in 2022 and emerging signs of stress in micro, small and medium enterprises
Investors including Rakesh Jhunjhunwala and RK Damani approached the Reserve Bank Of India to buy a 10 per cent stake in the bank
RCL has failed to meet its numerous payment obligations to its creditors and handle serious governance issues
The meeting of the panel is significant since it comes only days after PM Modi conducted a high-level discussion with officials on the subject.
The government has approved the reappointment of Shaktikanta Das as Governor of the Reserve Bank of India for a period of three years.
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