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Multi-Crore 'Iridium' Scam Busted In Tamil Nadu, 27 Arrested
In a major crackdown on a large-scale financial fraud, the Crime Branch police of Tamil Nadu arrested 27 more people for their involvement in the multi-crore "Iridium scam" that duped people across the state by misusing the name of the RBI
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India, Pak Conflict Had "Negligible Impact" On Economic Activity: RBI Governor
Reserve Bank Governor Sanjay Malhotra on Friday said the India-Pakistan conflict, following the Pahalgam attack in which 26 civilians were killed, had a negligible impact on economic activity.
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RBI Governor Says Crypto Discussion Paper Will Clarify India’s Stance on Virtual Assets; Industry Reacts
RBI Governor Sanjay Malhotra stated that the upcoming crypto discussion paper, being prepared under the Finance Ministry’s oversight, will provide clarity on the future of crypto assets in India. However, he did not specify a timeline for its release.
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Acted On Unsecured Loans To Avert Bigger Problems: RBI Governor
The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".
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Kerala Financially Distressed Due To Poor Governance By UDF, LDF: Nirmala Sitharaman
Nirmala Sitharaman on Thursday said that, according to RBI, Kerala is one of the top five financially-stressed states in India, and alleged that this was due to the poor governance of successive UDF and LDF governments in the state.
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Cryptocurrencies Pose Risks to Emerging Markets, Central Bank's Stand Remains Unchanged: RBI Governor
RBI Governor Shaktikanta Das said on Thursday that the central bank's position on cryptocurrencies had not changed, despite wider acceptance in other countries. The central bank chief was responding to a question about the US securities regulator approving the first US-listed exchange-traded funds for Bitcoin. The RBI Governor has repeatedly stated...
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NCB Said to Have Busted Narcotics Gang Involved in DarkNet, Cryptocurrency
The Narcotics Control Bureau (NCB) has busted an international criminal gang that dealt in drugs using DarkNet and cryptocurrency with linkages in several countries as well as multiple states in India, sources said. The modus operandi of the drug traffickers included the use of the Darknet, cryptocurrency, digital media, UPIs, and fake KYC document...
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SBI Resolves Technical Glitch Impacting Online Banking Services for 'Few Hours', Issues Statement
State Bank of India (SBI) admitted to a "technical glitch" on Monday that impacted its online banking services for a few hours. SBI customers complained of inability to access the bank's Yono banking app and also undertake any banking transactions online, while some were unable to access the bank's services since late last week.
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CBDCs Will Make Cross-Border Transactions Cost-Effective and Fast, Says RBI Deputy Governor
Reserve Bank of India's (RBI) Deputy Governor T. Rabi Sankar has stated at the Indo-US summit that CBDC is the most efficient system in sight for cross-border payments.
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Cryptocurrencies a ‘Clear Danger’, Warns RBI Governor Amid Global Crypto Uncertainty
RBI Governor Shaktikanta Das described cryptocurrencies as a ‘clear danger’ on Thursday. Warning about the risks of cryptocurrencies yet again, the central bank governor stated that “anything that derives value based on make believe”, without any underlying value, is simply “speculation under a sophisticated name”. The RBI’s warning c...
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Multi-Crore 'Iridium' Scam Busted In Tamil Nadu, 27 Arrested
In a major crackdown on a large-scale financial fraud, the Crime Branch police of Tamil Nadu arrested 27 more people for their involvement in the multi-crore "Iridium scam" that duped people across the state by misusing the name of the RBI
-
India, Pak Conflict Had "Negligible Impact" On Economic Activity: RBI Governor
Reserve Bank Governor Sanjay Malhotra on Friday said the India-Pakistan conflict, following the Pahalgam attack in which 26 civilians were killed, had a negligible impact on economic activity.
-
RBI Governor Says Crypto Discussion Paper Will Clarify India’s Stance on Virtual Assets; Industry Reacts
RBI Governor Sanjay Malhotra stated that the upcoming crypto discussion paper, being prepared under the Finance Ministry’s oversight, will provide clarity on the future of crypto assets in India. However, he did not specify a timeline for its release.
-
Acted On Unsecured Loans To Avert Bigger Problems: RBI Governor
The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".
-
Kerala Financially Distressed Due To Poor Governance By UDF, LDF: Nirmala Sitharaman
Nirmala Sitharaman on Thursday said that, according to RBI, Kerala is one of the top five financially-stressed states in India, and alleged that this was due to the poor governance of successive UDF and LDF governments in the state.
-
Cryptocurrencies Pose Risks to Emerging Markets, Central Bank's Stand Remains Unchanged: RBI Governor
RBI Governor Shaktikanta Das said on Thursday that the central bank's position on cryptocurrencies had not changed, despite wider acceptance in other countries. The central bank chief was responding to a question about the US securities regulator approving the first US-listed exchange-traded funds for Bitcoin. The RBI Governor has repeatedly stated...
-
NCB Said to Have Busted Narcotics Gang Involved in DarkNet, Cryptocurrency
The Narcotics Control Bureau (NCB) has busted an international criminal gang that dealt in drugs using DarkNet and cryptocurrency with linkages in several countries as well as multiple states in India, sources said. The modus operandi of the drug traffickers included the use of the Darknet, cryptocurrency, digital media, UPIs, and fake KYC document...
-
SBI Resolves Technical Glitch Impacting Online Banking Services for 'Few Hours', Issues Statement
State Bank of India (SBI) admitted to a "technical glitch" on Monday that impacted its online banking services for a few hours. SBI customers complained of inability to access the bank's Yono banking app and also undertake any banking transactions online, while some were unable to access the bank's services since late last week.
-
CBDCs Will Make Cross-Border Transactions Cost-Effective and Fast, Says RBI Deputy Governor
Reserve Bank of India's (RBI) Deputy Governor T. Rabi Sankar has stated at the Indo-US summit that CBDC is the most efficient system in sight for cross-border payments.
-
Cryptocurrencies a ‘Clear Danger’, Warns RBI Governor Amid Global Crypto Uncertainty
RBI Governor Shaktikanta Das described cryptocurrencies as a ‘clear danger’ on Thursday. Warning about the risks of cryptocurrencies yet again, the central bank governor stated that “anything that derives value based on make believe”, without any underlying value, is simply “speculation under a sophisticated name”. The RBI’s warning c...
