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RBI MPC reschedules policy review meet

RBI MPC reschedules policy review meet

🕔16:49, 28.Sep 2020

Mumbai, Sep 28 The Reserve Bank’s Monetary Policy Committee (MPC) meet for the penultimate policy review for 2020 has been rescheduled. Earlier, the MPC was supposed to have met from Sep 29 to Oct 1. “The meeting of the Monetary

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CII seeks changes in RBI directive on opening of current accounts

CII seeks changes in RBI directive on opening of current accounts

🕔19:34, 27.Sep 2020

New Delhi, Sep 27 The Confederation of Indian Industry (CII) has urged the Reserve Bank of India (RBI) for a relook on its last month’s circular on opening of current accounts in banks and suggested changes. The industry body has written

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RBI to retain lending rates, accommodative stance, say experts

RBI to retain lending rates, accommodative stance, say experts

🕔13:45, 27.Sep 2020

Mumbai, Sep 27  Persistently high inflation fanned in part due to supply side disruptions along with seasonal factors will deter the Reserve Bank to administer a dose of lending rate cut during the upcoming monetary policy review. In a poll

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LS passes Banking Regulation Bill to address disruptions in financial system

LS passes Banking Regulation Bill to address disruptions in financial system

🕔08:54, 17.Sep 2020

New Delhi, Sep 17  The Lok Sabha has passed a Bill to address the potential disruptions in the financial system and to ensure that cooperative banks are conducted in a manner that protects the interests of the depositors by increasing

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Complete automation of NPA recognition by June 30, 2021: RBI

Complete automation of NPA recognition by June 30, 2021: RBI

🕔07:13, 15.Sep 2020

Mumbai, Sep 15  The Reserve Bank of India (RBI) on Monday directed banks to complete the automation of bad loan recognition and asset classification by June 30, 2021. In a notification, the RBI said that the processes for NPA identification,

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RBI issues norms for banks to appoint Chief Compliance Officers

RBI issues norms for banks to appoint Chief Compliance Officers

🕔07:22, 12.Sep 2020

Mumbai, Sep 12  The Reserve Bank of India (RBI) on Friday came out with guidelines for banks to appoint Chief Compliance Officers (CCO). In a circular, the central bank said that it has come up with the guidelines to bring

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RBI accepts Kamath-led panel’s suggestions on resolving Covid-linked stress

RBI accepts Kamath-led panel’s suggestions on resolving Covid-linked stress

🕔08:27, 8.Sep 2020

Mumbai, Sep 8  The Reserve Bank of India (RBI) on Monday said that it has broadly accepted the recommendations of the K.V. Kamath-led Expert Committee on Resolution Framework for Covid-19-related stress. The expert committee has recommended financial parameters including aspects

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RBI revises priority sector lending norms, raises credit limits

RBI revises priority sector lending norms, raises credit limits

🕔17:45, 4.Sep 2020

Mumbai, Sep 4 The Reserve Bank of India (RBI) on Friday released its revised priority sector lending guidelines wherein the credit limits have been raised for farmer producer organisations, renewable energy and for health infrastructure. As announced by the RBI Governor,

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RBI’s nod for Murali Ramakrishnan’s appointment as South Indian Bank MD

RBI’s nod for Murali Ramakrishnan’s appointment as South Indian Bank MD

🕔13:16, 3.Sep 2020

Mumbai, Sep 3 The Reserve Bank of India (RBI) has approved the appointment of Murali Ramakrishnan as the MD and CEO of South Indian Bank with effect from October 1. In a regulatory filing on Thursday, the bank said that the

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RBI announces more measures for orderly market conditions

RBI announces more measures for orderly market conditions

🕔07:55, 1.Sep 2020

Mumbai, Sept 01  The Reserve Bank of India (RBI) on Monday announced additional steps to ensure orderly market conditions and congenial financial conditions, including conducting a special open market operation and a repo term operation. In a statement, the RBI

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75% companies availing moratorium are sub-investment grade: CRISIL

75% companies availing moratorium are sub-investment grade: CRISIL

🕔15:54, 31.Aug 2020

New Delhi, Aug 31  The moratorium on loan repayments provided by banks at the behest of the Reserve Bank of India (RBI) has provided much-needed liquidity support to mid-sized sub-investment grade (rated CRISIL BB+ or lower) companies, an analysis by

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Just 4 months from April worsened GST compensation cess prospects

Just 4 months from April worsened GST compensation cess prospects

🕔07:48, 28.Aug 2020

New Delhi, Aug 28  As the Centre laid down options of borrowing by states from the Reserve Bank of India (RBI) in lieu of the GST compensation cess, a look at data shows that four month period between April and

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RBI’s balance sheet grows 30% in 2019-20 to Rs 53.34 lakh cr

RBI’s balance sheet grows 30% in 2019-20 to Rs 53.34 lakh cr

🕔07:47, 26.Aug 2020

Mumbai, Aug 26  Despite Covid-19, the Reserve Bank of India (RBI) on Tuesday reported a growth of 30 per cent in its balance sheet to around Rs 53.34 lakh crore for the year 2019-20. RBI’s financial year runs from July-June.

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Pandemic-proofing: Govt consumption to support demand, says RBI

Pandemic-proofing: Govt consumption to support demand, says RBI

🕔17:30, 25.Aug 2020

Mumbai, Aug 25  Government consumption is expected to continue “pandemic-proofing” of demand, the Reserve Bank said on Tuesday. In its Annual Report 2019-20, the Reserve Bank of India said that when the demands gets stabilised, private consumption is likely to

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Banking system has to be liberated from risk aversion: RBI

Banking system has to be liberated from risk aversion: RBI

🕔17:28, 25.Aug 2020

Mumbai, Aug 25  As the pandemic has brought about dire need for liquidity, the Reserve Bank of India has said that the banking sector needs to get out of the risk aversion mode and give credit to the productive sector

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Rs 2,000 currency notes not printed in FY20: RBI

Rs 2,000 currency notes not printed in FY20: RBI

🕔17:26, 25.Aug 2020

New Delhi, Aug 25 Currency notes of Rs 2,000 were not printed at all in financial year 2019-20, according to the Reserve Bank of India (RBI). The central bank’s Annual Report for 2019-20 also showed that the supply of banknotes during

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RBI to conduct open market operations worth Rs 20,000 crore

RBI to conduct open market operations worth Rs 20,000 crore

🕔12:40, 25.Aug 2020

Mumbai, Aug 25 The Reserve Bank of India (RBI) on Tuesday announced the sale and purchase of government securities worth Rs 20,000 crore under open market operations. The OMO would be conducted in two tranches, each worth Rs 10,000 crore. The

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RBI releases ‘National Strategy for Financial Education: 2020-2025’

RBI releases ‘National Strategy for Financial Education: 2020-2025’

🕔16:38, 20.Aug 2020

Mumbai, Aug 20  To achieve the vision of creating a financially aware and empowered India, the Reserve Bank on Thursday released the ‘Second National Strategy for Financial Education (NSFE) for the period 2020-2025. The NSFE 2020-25 intends to support the

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Yes Bank shares soar 5% on repayment of Rs 35,000 cr to RBI

Yes Bank shares soar 5% on repayment of Rs 35,000 cr to RBI

🕔17:58, 19.Aug 2020

Mumbai, Aug 19  Yes Bank shares hit the 5 per cent upper circuit on Wednesday after its Chairman said the bank has repaid Rs 35,000 crore to the Reserve Bank of India (RBI) of the special liquidity facility provided by

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RBI releases framework for umbrella retail payments entities

RBI releases framework for umbrella retail payments entities

🕔08:06, 19.Aug 2020

Mumbai, Aug 19  The Reserve Bank of India (RBI) on Tuesday came up with a framework for pan-India Umbrella Entity for Retail Payments, wherein the central bank has said that an entity must have a minimum paid-up capital of Rs

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