remittance

Washington, India, received $120 billion in remittances in 2023, almost double the $66 billion received by Mexico during the same period, the World Bank said in a report released Wednesday.China ($50 billion), the Philippines ($39 billion) and Pakistan ($27 billion) feature in the list of top...

New Delhi, India Post Payments Bank (IPPB) has started sending money to India from abroad in partnership with Euronet's Riya Money Transfer, a senior IPPB official said on Wednesday.R Visvesvaran, managing director and CEO of IPPB, said the recipient of the money will not have to pay any fee...

Mumbai: The Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 88.70 lakh on SBM Bank (India) for non-compliance of certain regulatory norms.In a statement, the central banks said the penalty has been imposed for non-compliance with the license conditions imposed by the...

New Delhi [India]: The outlook for the Indian economy remains bright due to continued strengthening of various macroeconomic fundamentals, strong financial and corporate sectors, the Reserve Bank of India said in its annual report published on Thursday. RBI said in its 284-page report. He said...

India will receive over USD 111 billion in remittances in 2022, the 8th largest in the world, becoming the first country to reach USD 100 billion, the UN migration agency has said.India, Mexico, China, Philippines and France were the top five remittance receiving countries in 2022, the...