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BusinessToday.In
New Delhi, April 6, 2018
RBI cracks down on Bitcoin, bans banks from dealing with cryptocurrency tradersThe Reserve Bank of India (RBI) has released a statement directing all regulated entities, including banks, to stop dealing with individuals and businesses dabbling in virtual currencies. This amounts to a ban on banks in dealing with companies or individuals that trade in cryptocurrencies. The RBI also said that it will soon issue a separate circular on this matter. By its own admission, this move is a...


PTI
April 5, 2018



BusinessToday.In
April 5, 2018
Today, the Reserve Bank of India released a statement directing all regulated entities, including banks, to stop dealing with individuals and businesses dabbling in virtual currencies. This amounts to a ban on banks in dealing with companies or individuals that trade in cryptocurrencies.


Reuters
April 5, 2018
After taking a big hit in February, the Nikkei/IHS Markit Services Purchasing Managers' Index managed to narrowly push back above the 50-mark that separates growth from contraction, rising to 50.3 last month from 47.8.


PTI
April 4, 2018



BusinessToday.In
April 4, 2018
A 70:30 joint venture between Reliance Industries and the State Bank of India, Jio Payments Bank will be competing against more established players like the two-year-old Airtel Payments Bank, Paytm founder Vijay Shekhar Sharma-promoted Paytm Payments Bank.


BusinessToday.In
March 23, 2018
PNB has said that the details regarding money withdrawn from the foreign branch of the other banks against each LoU is presently not available as the matter is 'under investigation'.


Rajeev Dubey
March 19, 2018
Regulators hate it, investors love it. The great tussle to find the middle ground for cryptocurrencies...


BusinessToday.In
March 18, 2018
Trump's views of America were \"50 years out of date\", said the US economist.


BusinessToday.In
New Delhi, March 14, 2018
RBI has banned the issuance of letters of undertaking and letters of comfort to plug the loopholes in the system. Both these instruments were forms of credit guarantee, often used by importers to fund their overseas purchases. Watch BusinessToday.In Editor Rajeev Dubey talk about why RBI banned LoUs and LoCs, but decided to continue with the letters of credit (LCs) and bank guarantees.


BusinessToday.In
March 14, 2018
Bank Guarantees and LCs are considered less risky because receiving banks have to conduct their own credit appraisal on companies before accepting them.


PTI
March 14, 2018



PTI
March 14, 2018



BusinessToday.In
New Delhi, March 14, 2018
Google has banned binary options, cryptocurrencies, foreign exchange markets, and contracts for difference. The technology behemoth says the step has been taken to combat emerging threats and improve the ads experience online.


Mail Today Bureau
New Delhi, March 14, 2018
The RBI on Tuesday barred banks from issuing guarantees in the form of letters of undertaking (LoU) to prevent any further misuse of the facility as was done in the Massive PNB fraud.


Mail Today Bureau
March 1, 2018
India's economic growth surged to a five-quarter high of 7.2 per cent in the October-December quarter of the current fiscal, enabling the country to regain the status of the fastest growing economy in the world ahead of China after a year's gap.


Reuters
bangalore, February 28, 2018
Growth in India's factory activity slowed to a four-month low in February as new orders eased and weighed on output after manufacturers raised prices at the fastest pace in a year, a business survey showed on Wednesday.


PTI
February 25, 2018



BusinessToday.in
New Delhi, February 15, 2018
The bouquets and brickbats and reservations continue to fly thick after the Reserve Bank of India's surprise announcement of a new framework to deal with stressed assets earlier this week.


BusinessToday.in
New Delhi, February 13, 2018
During the Union Budget 2018 speech, Finance Minister Arun Jaitley also made it quite evident that cryptocurrency is considered illegal by the government.


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