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Tag "RBI Governor"

RBI hints at further cut in interest rate to counter corona risks

RBI hints at further cut in interest rate to counter corona risks

🕔15:43, 17.Apr 2020

New Delhi, April 17 The Reserve Bank of India has hinted at further cuts in interest rates to maintain adequate liquidity in the system and counter the intensification of risks to growth and financial stability brought on by COVID-19. Announcing

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SIDBI, NABARD, NHB get Rs 50,000 cr refinancing support from RBI

SIDBI, NABARD, NHB get Rs 50,000 cr refinancing support from RBI

🕔13:12, 17.Apr 2020

New Delhi, April 17 The Reserve Bank of India has turned its attention to meeting the funding requirements of NBFCs, MFIs and housing finance by providing special refinance facilities of Rs 50,000 crore to All India Financial Institutions (AIFIs) such as

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All-out efforts needed to protect Indian economy: RBI Guv

All-out efforts needed to protect Indian economy: RBI Guv

🕔14:45, 13.Apr 2020

Mumbai, April 13  Reserve Bank of India (RBI) Governor Shaktikanta Das is of the view that all-out effort is required to protect the domestic economy against the impact of the cornavirus crisis, according to the minutes of the last MPC

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Sitharaman lauds RBI rate cut, says need quick transmission

Sitharaman lauds RBI rate cut, says need quick transmission

🕔20:44, 27.Mar 2020

New Delhi, March 27  After the RBI Governor announced an emergency rate cut on Friday, Union Finance Minister Nirmala Sitharaman lauded the move and stressed the need for lower cost of retail loans and that reduced interest rate needs quick

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RBI cuts key lending rates to 4.40%; maintains accommodative stance

RBI cuts key lending rates to 4.40%; maintains accommodative stance

🕔10:39, 27.Mar 2020

Mumbai, March 27  The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the COVID-19 outbreak. Accordingly, the Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate

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Transmission rates improving, inflation spike factored in: RBI Guv

Transmission rates improving, inflation spike factored in: RBI Guv

🕔13:54, 15.Feb 2020

New Delhi, Feb 15  Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said the transmission of rate cuts was gradually and steadily improving and allayed any fears on the latest inflation spike to 7.59 per cent saying these

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RBI launches mobile app MANI for visually impaired

RBI launches mobile app MANI for visually impaired

🕔06:43, 2.Jan 2020

New Delhi, Jan 2 The Reserve Bank of India on Wednesday launched a unique mobile application for aiding visually impaired persons to identify the denomination of Indian bank notes. The application — Mobile Aided Note Identifier — was launched by RBI

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PMC mess: Inputs given on Act amendment: Das

PMC mess: Inputs given on Act amendment: Das

🕔13:21, 8.Nov 2019

New Delhi, Nov 8 RBI Governor Shaktikanta Das on Thursday said there is a forensic audit underway in PMC Bank and that it is closely monitoring the situation and has already given inputs for the proposed amendments in the Cooperative

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Next MPC meet may take call on lower repo rate: RBI chief

Next MPC meet may take call on lower repo rate: RBI chief

🕔06:37, 9.Oct 2019

Mumbai, Oct 9  RBI Governor Shaktikanta Das has said till the growth is revived, the RBI will continue to remain in an accommodative mode and therefore a conclusion on what is the minimum repo rate where the central bank will

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Indian banking sector sound, stable: RBI Governor

Indian banking sector sound, stable: RBI Governor

🕔13:19, 4.Oct 2019

New Delhi, Oct 4  Days after the PMC Bank came under scanner for alleged frauds, the RBI Governor Shaktikanta Das on Friday said that all was well with the banking system and one incident could not reflect the health of

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Despite RBI cuts, consumers yet to benefit as transmission slow

Despite RBI cuts, consumers yet to benefit as transmission slow

🕔19:09, 7.Aug 2019

Mumbai, Aug 7  In a bid to boost demand and growth, the RBI’s Monetary Policy Committee (MPC) on Wednesday announced 35 bps cut in repo rate, which eventually is expected to be transmitted to retail loans. However, a look at

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RBI Governor calls on Jaitley, terms it courtesy call

RBI Governor calls on Jaitley, terms it courtesy call

🕔09:21, 27.May 2019

New Delhi, May 27  Reserve Bank of India (RBI) Governor Shaktikanta Das called on Union Finance Minister Arun Jaitley here on Sunday. Das, in a tweet, described the visit as a courtesy meeting. The meeting comes amidst reports and speculations

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RBI issues Rs 50 notes bearing Governor Das’ signature

RBI issues Rs 50 notes bearing Governor Das’ signature

🕔06:52, 17.Apr 2019

Mumbai, April 17  The Reserve Bank of India (RBI) on Tuesday issued Rs 50 denomination banknotes bearing the signature of Governor Shaktikanta Das. “The design of these notes is similar in all respects to Rs 50 banknotes in Mahatma Gandhi

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RBI Governor to meet MSMEs, NBFCs next week

RBI Governor to meet MSMEs, NBFCs next week

🕔11:11, 3.Jan 2019

Mumbai, Jan 3  A day after the Reserve Bank allowed restructuring defaulted loans of up to Rs 25 crore taken by micro, small and medium enterprises (MSMEs), its Governor Shaktikanta Das said he will hold talks with representatives from the

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RBI Governor to meet officials of private sector banks next week

RBI Governor to meet officials of private sector banks next week

🕔10:01, 21.Dec 2018

Mumbai, Dec 21  After completing his consultations with heads of state-run banks, Reserve Bank of India Governor Shaktikanta Das will meet top officials from private sector lenders and cooperative banks next week. On Thursday, Das said that he has completed

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Shaktikanta Das is the New RBI Governor

Shaktikanta Das is the New RBI Governor

🕔18:52, 11.Dec 2018

New Delhi, Dec 11 The government on Tuesday appointed former Economic Affairs Secretary Shaktikanta Das as the new RBI Governor, a day after Urjit Patel suddenly resigned. “The Appointments Committee of the Cabinet has approved the appointment of Shaktikanta Das, former

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Urjit Patel quits as RBI Governor, setting off a crisis

Urjit Patel quits as RBI Governor, setting off a crisis

🕔19:04, 10.Dec 2018

Mumbai, Dec 10  The Reserve Bank of India (RBI) Governor Urjit Patel resigned from his post on Monday with immediate effect, citing “personal reasons”, setting of a major crisis in India’s politico-economic sphere. Patel’s resignation comes in the backdrop of

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Demonetisation to have high short-term economic costs, Rajan cautioned government

Demonetisation to have high short-term economic costs, Rajan cautioned government

🕔09:45, 6.Sep 2017

New Delhi, Sep 6 The demonetisation tool used by the Indian government to drive out black money could have long-term benefits but its short-term economic costs would outweigh them, ex-Reserve Bank of India governor Raghuram Rajan feels. “I was asked

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Bad Bank: TACKLE NPAs JUDIOUSLY …

Bad Bank: TACKLE NPAs JUDIOUSLY …

🕔09:39, 30.Mar 2017

Bad Bank TACKLE NPAs JUDIOUSLY By Dhurjati Mukherjee  The top brass of the Reserve Bank of India (RBI) met recently regarding setting up a bad bank, an idea most recently highlighted by Chief Economic Adviser Arvind Subramanian. This would help

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Jaitley, RBI Governor discuss banks’ bad loans

Jaitley, RBI Governor discuss banks’ bad loans

🕔09:37, 11.Mar 2017

New Delhi, March 11  Finance Minister Arun Jaitley met with Reserve Bank of India (RBI) Governor Urjit Patel and other senior officials here on Friday to discuss the issue of banks’ non-performing assets (NPAs) or bad loans, sources said.“Lot of

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