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Specified G-secs to be opened for NRIs from April 1: RBI

Specified G-secs to be opened for NRIs from April 1: RBI

🕔07:05, 31.Mar 2020

New Delhi, March 31  The Reserve Bank on Monday notified that some categories of government securities will be opened fully for non-resident investors, and will continue to be open for the domestic investors. At present, G-secs are not fully opened

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RBI allows 3 month moratorium on all term loan EMIs

RBI allows 3 month moratorium on all term loan EMIs

🕔13:50, 27.Mar 2020

New Delhi, March 27 In a big relief to the corporate sector, the Reserve Bank of India on Friday allowed a three month moratorium on payment of instalment in respect of all term loans outstanding on March 1, 2020. “All

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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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Sensex up 1,100 points on RBI relief hopes

Sensex up 1,100 points on RBI relief hopes

🕔10:28, 27.Mar 2020

Mumbai, March 27  The Indian stock market witnessed a gap-up opening on Friday and the Sensex traded over 1,100 points higher of hopes of further relief by the Reserve Bank of India (RBI). RBI Governor Shaktikanta Das is scheduled to

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RBI announces additional Rs 30K cr OMO purchase of govt securities

RBI announces additional Rs 30K cr OMO purchase of govt securities

🕔07:00, 21.Mar 2020

Mumbai, March 21  The Reserve Bank of India on Friday announced it would undertake additional purchase of government securities worth Rs 30,000 crore through open market operations (OMO) in a bid to increase liquidity and enhance confidence in the financial

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RBI announces Rs 10K cr OMO purchase of govt securities

RBI announces Rs 10K cr OMO purchase of govt securities

🕔20:08, 18.Mar 2020

Mumbai, March 18  The Reserve Bank of India (RBI) on Wednesday announced it would purchase government securities worth Rs 10,000 crore through open market operations in a bid to increase liquidity and enhance confidence in the market amid the coronavirus

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Will add liquidity if needed, RBI assures Yes Bank depositors

Will add liquidity if needed, RBI assures Yes Bank depositors

🕔07:10, 17.Mar 2020

Mumbai, March 17  Describing the reconstruction scheme for Yes Bank as credible and sustainable, Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday sought to assure the private bank’s depositors that their hard-earned money is safe. He also said

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RBI to conduct LTROs worth additional Rs 1 lakh cr

RBI to conduct LTROs worth additional Rs 1 lakh cr

🕔21:22, 16.Mar 2020

Mumbai, March 16 In a bid to ease the liquidity strain that might be caused due to the coronavirus outbreak and its subsequent economic fallout, the Reserve Bank of India on Monday decided to conduct more long term repo operations

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Corona Impact: Reserve Bank expected to cut rates

Corona Impact: Reserve Bank expected to cut rates

🕔17:32, 16.Mar 2020

Mumbai, March 16  To deal with the economic fallout of coronavirus outbreak, the Reserve Bank of India is expected to ease key lending rate soon. Accordingly, industry watchers contend that RBI might go ahead and ease lending rate before its

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New rules for debit and credit cards kick in from Monday

New rules for debit and credit cards kick in from Monday

🕔21:35, 15.Mar 2020

New Delhi, March 15 The new rules for debit and credit cards to increase security and reduce frauds kick in from Monday. In January, the Reserve Bank of India (RBI) had issued new rules to improve user convenience and increase

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Yes Bank being monitored since 2017, RBI will probe wrong-doings: FM

Yes Bank being monitored since 2017, RBI will probe wrong-doings: FM

🕔07:08, 7.Mar 2020

New Delhi, March 7  Finance Minister Nirmala Sitharaman on Friday said the government has asked the Reserve Bank of India to look into wrongs at the Yes Bank and assign individual responsibilities. The bank was being under watch since 2017

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RBI releases Yes Bank revival draft, says SBI ready to invest

RBI releases Yes Bank revival draft, says SBI ready to invest

🕔18:09, 6.Mar 2020

SBI to infuse 2450 cr for 10% stake of face value of Rs 10 Yes Bank Capital Altered to 5000 cr Mumbai, March 6 The Reserve Bank of India on Friday put out the draft of a revival scheme for

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No negotiations with Yes Bank, matter came to board : SBI

No negotiations with Yes Bank, matter came to board : SBI

🕔06:44, 6.Mar 2020

Mumbai, March 6 (IANS) While denying that any negotiations took place to acquire equity in Yes Bank, State Bank of India (SBI) has said that it has given an in-principle approval to explore investment opportunity. In a regulatory filing to exchanges,

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RBI supersedes Yes Bank board, to draw up reconstruction plan in 30 days

RBI supersedes Yes Bank board, to draw up reconstruction plan in 30 days

🕔06:43, 6.Mar 2020

New Delhi, March 5 The Reserve Bank of India on Thursday announced it has superseded the Yes Bank Board of Directors for 30 days and has appointed former SBI CFO Prashant Kumar as the bank’s administrator. In line with the

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RBI expected to cut rates soon to soothe markets

RBI expected to cut rates soon to soothe markets

🕔06:55, 4.Mar 2020

New Delhi, March 4  As the spread of coronavirus infection continues to shiver investor sentiments across the globe and with the US Federal Reserve having reduced policy rates by 50 basis points (bps) on Tuesday, the Reserve Bank of India

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RBI approves Kathpalia’s appointment as IndusInd Bank MD & CEO

RBI approves Kathpalia’s appointment as IndusInd Bank MD & CEO

🕔06:45, 28.Feb 2020

Mumbai, Feb 28  Private lender IndusInd Bank on Thursday said that it has received RBI’s approval for the appointment of Sumant Kathpalia as the bank’s MD and CEO for three years post the retirement of the incumbent Romesh Sobti. According

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RBI to switch to April-March accounting year from next fiscal

RBI to switch to April-March accounting year from next fiscal

🕔20:16, 15.Feb 2020

New Delhi, Feb 15  Over eighty years after it was set up, the Reserve Bank of India on Saturday decided to follow April-March fiscal year, and not the current July-June, as its accounting year to align with that of the

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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 issues draft framework for alternative retail payments system

RBI issues draft framework for alternative retail payments system

🕔07:09, 12.Feb 2020

New Delhi, Feb 12  The Reserve Bank of India on Tuesday published the draft framework for authorisation of a new pan-India umbrella organisation for retail payment systems, apart from the National Payments Corporation of India (NPCI) which developed the widely-used

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RBI announced relief to real estate and MSMEs sector; Bi-monthly policy

RBI announced relief to real estate and MSMEs sector; Bi-monthly policy

🕔15:30, 6.Feb 2020

By Prakash Bhargava New Delhi—The Reserve Bank of India (RBI) on Thursday announced major relief to medium enterprises by linking pricing of loans for the also on external benchmark effective April 1, 2020 and  decided to extend the benefit of

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