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Consumption demand making strong comeback: RBI Guv

Consumption demand making strong comeback: RBI Guv

🕔07:36, 17.Nov 2021

Mumbai, Nov 17 (IANS) Reserve Bank of India Governor Shaktikanta Das on Tuesday said that consumption demand triggered by the festive season is making a strong comeback. Speaking at the eighth SBI Banking & Economics Conclave, he said: “There are signs

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RBI Governor Shaktikanta Das’s term extended

RBI Governor Shaktikanta Das’s term extended

🕔11:49, 29.Oct 2021

Mumbai, Oct 29 (IANS) The Centre has extended the tenure of Reserve Bank of India Governor Shaktikanta Das by another three years. Accordingly, the Appointments Committee of the Cabinet, approved Das’s reappointment. In an order, it said: “The ‘Appointments Committee of

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RBI’s monetary policy, upcoming Q2 results’ expectations lift equities

RBI’s monetary policy, upcoming Q2 results’ expectations lift equities

🕔17:38, 8.Oct 2021

Mumbai, Oct 8 (IANS) India’s key equity indices – S&P BSE Sensex and NSE Nifty50 – traded in the green during Friday’s late afternoon trade session after RBI’s monetary policy boosted sentiments. Besides, positive global cues and investors’ expectations of healthy

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RBI extends enhanced WMA limits till fiscal end

RBI extends enhanced WMA limits till fiscal end

🕔13:45, 8.Oct 2021

Mumbai, Oct 8  In view of the uncertainties related to the ongoing pandemic, the RBI has decided to continue with the enhanced Ways and Means Advances (WMA) limits up to March 31, 2022. As recommended by the Advisory Committee chaired

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RBI proposes framework for geo-tagging of physical payment acceptance infra

RBI proposes framework for geo-tagging of physical payment acceptance infra

🕔13:43, 8.Oct 2021

Mumbai, Oct 8 (IANS) The RBI has proposed a framework for geo-tagging of physical payment acceptance infrastructure of merchants for widening access to digital payments. Geo-tagging involves capturing geographical coordinates – viz latitude and longitude of physical payment acceptance infrastructure –

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Policy Push: RBI’s MPC retains rates, accommodative stance

Policy Push: RBI’s MPC retains rates, accommodative stance

🕔13:42, 8.Oct 2021

Mumbai, Oct 8 (IANS) The Reserve Bank of India (RBI) retained its key short-term lending rates during its October monetary policy review of FY22. The growth-oriented accommodative stance was also retained to give a push to economic activity. The Monetary Policy

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RBI to cease G-SAP operations to balance liquidity

RBI to cease G-SAP operations to balance liquidity

🕔12:25, 8.Oct 2021

New Delhi, Oct 8  The Reserve Bank of India on Friday said it will cease the operations of its secondary market ‘G-Sec Acquisition Programme’ or ‘G-SAP’. RBI Governor ShaktiKanta Das said that G-SAPs have been successful in addressing market concerns

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RBI extends dates for classification of bank credit to focused NBFCs

RBI extends dates for classification of bank credit to focused NBFCs

🕔12:22, 8.Oct 2021

Mumbai, Oct 8 (IANS) RBI has extended dates for the classification of bank credit to focused NBFCs as priority sector lending till March 31, 2022. The provision ended on September 30 and a need was felt for extending the facility with

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RBI proposes Internal Ombudsman schemes for NBFCs with high customer interface

RBI proposes Internal Ombudsman schemes for NBFCs with high customer interface

🕔12:22, 8.Oct 2021

Mumbai, Oct 8  With a view to further strengthen the internal grievance redress mechanism of NBFCs, the Reserve Bank of India (RBI) on Friday decided to introduce the Internal Ombudsman Scheme (IOS) for certain categories of NBFCs which have higher

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RBI introduces Digital Payment Solutions in offline Mode

RBI introduces Digital Payment Solutions in offline Mode

🕔12:19, 8.Oct 2021

Mumbai, Oct 8 (IANS) The Reserve Bank of India (RBI) on Friday proposed to introduce a framework for carrying out retail digital payments in offline mode across the country. In common parlance this means introduction of facility where digital transactions could

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RBI enhances Transaction Limit in IMPS transfers to Rs 5 lakh

RBI enhances Transaction Limit in IMPS transfers to Rs 5 lakh

🕔12:18, 8.Oct 2021

Mumbai, Oct 8 (IANS) In order to promote digital transactions, the Reserve Bank of India (RBI) on Friday enhanced the transaction limit using Immediate Payment Service (IMPS) of banks to Rs 5 lakh. RBI Governor Shaktikanta Das said that the limit

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Growth Rebound: RBI retains FY22 GDP growth projection at 9.5%

Growth Rebound: RBI retains FY22 GDP growth projection at 9.5%

🕔12:17, 8.Oct 2021

New Delhi, Oct 8 (IANS) The Reserve Bank of India (RBI) on Friday retained the FY22 projection for real GDP growth at 9.5 per cent. Accordingly, RBI Governor Shaktikanta Das pointed out that GDP is expected to grow at 7.9 per

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RBI reduces retail inflation estimate for FY22 to 5.3%

RBI reduces retail inflation estimate for FY22 to 5.3%

🕔12:16, 8.Oct 2021

New Delhi, Oct. Oct 8  The Reserve Bank of India (RBI) has reduced the retail inflation projection for the ongoing financial year to 5.3 per cent from the previous estimate of 5.7 per cent. In a virtual address post the

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Growth Stimulating: RBI’s MPC retains rates, accommodative stance

Growth Stimulating: RBI’s MPC retains rates, accommodative stance

🕔12:15, 8.Oct 2021

Mumbai, Oct 8 (IANS) The Reserve Bank of India (RBI) retained its key short-term lending rates during the October monetary policy review of FY22. Besides, the growth-oriented accommodative stance was retained to give a push to economic activity. Accordingly, the Monetary

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RBI to purchase Rs 15K cr of securities under G-SAP 2.0

RBI to purchase Rs 15K cr of securities under G-SAP 2.0

🕔12:11, 24.Sep 2021

Mumbai, Sep 24  The Reserve Bank will conduct open market purchase of government securities worth Rs 15,000 crore on September 30, under the G-sec Acquisition Programme (G-SAP 2.0). The open market purchase was announced by the RBI after the Monetary

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Need to continue labour, product markets reforms for growth: RBI Guv

Need to continue labour, product markets reforms for growth: RBI Guv

🕔07:17, 23.Sep 2021

Mumbai, Sep 23  There is a need to continue with labour and product market reforms to usher in inclusive and sustainable growth, Reserve Bank of India Governor Shaktikanta Das said on Wednesday. In his address at the 48th National Management

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RBI Guv meets private bank CEOs, seeks implementation of liquidity measures

RBI Guv meets private bank CEOs, seeks implementation of liquidity measures

🕔07:45, 26.May 2021

Mumbai, May 26  Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday asked heads of select private sector banks to boost credit flows to retail and small business borrowers and quickly implement all the measures announced by the apex

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High frequency indicators showing mixed signals: RBI Guv

High frequency indicators showing mixed signals: RBI Guv

🕔06:48, 6.May 2021

Mumbai, May 6  As country battles the Covid crisis and states go for lockdowns, Governor of the Reserve Bank of India (RBI) Shaktikanta Das has said that high frequency indicators are showing mixed signals for the Indian economy. He said

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Equity indices in green as RBI Guv announces liquidity measures

Equity indices in green as RBI Guv announces liquidity measures

🕔11:32, 5.May 2021

Mumbai, May 5  The key Indian equity indices traded on a positive note on Wednesday as the RBI Governor announced few measures to counter the impact of the second wave of Covid on the economy and businesses. Around 10.45 a.m.,

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RBI to constitute committee for review of ARC working

RBI to constitute committee for review of ARC working

🕔17:14, 7.Apr 2021

Mumbai, April 7  The Reserve Bank of India (RBI) has proposed to constitute a Committee to undertake a comprehensive review of the working of Asset Reconstruction Companies (ARCs) in the financial sector ecosystem. The committee would recommend suitable measures for

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