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RBI cancels licence of Laxmi Co-operative Bank, Solapur

RBI cancels licence of Laxmi Co-operative Bank, Solapur

🕔07:25, 23.Sep 2022

Mumbai, Sep 23 (IANS) The Reserve Bank of India (RBI) on Thursday cancelled the licence of The Laxmi Co-operative Bank Ltd in Maharashtra’s Solapur. Consequently, the bank ceases to carry on banking business, with effect from the close of business on

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Short-term rates rise multi-year high as liquidity in banking system slips into deficit

Short-term rates rise multi-year high as liquidity in banking system slips into deficit

🕔18:31, 22.Sep 2022

Mumbai, Sep 22 (IANS) Rates on short-term instruments such as commercial papers, Certificate of deposit and treasury bills rose sharply in last few weeks after the liquidity in the banking system slipped into a deficit post remaining in huge surplus.

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RBI Governor stresses fintech’s role as a force multiplier

RBI Governor stresses fintech’s role as a force multiplier

🕔09:13, 21.Sep 2022

RBI Governor Shaktikanta Das in his address to the Global Fintech Fest (GFF) 2022 marked the theme of his talk as Fintech as a Force Multiplier. New Delhi, Sep 20 (IANS) RBI Governor Shaktikanta Das in his address to the Global

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Now use credit & debit card using card tokenisation from Oct 1 implemented by RBI

Now use credit & debit card using card tokenisation from Oct 1 implemented by RBI

🕔17:36, 17.Sep 2022

Mumbai, Sep 17 (IANS) The Reserve Bank of India (RBI) is ready to bring its card-on-file tokenisation norms into effect from October 1 after various complaints were filed regarding the misuse of debit or credit cards. Several people were cheated in

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Amid rising prices, monetary policy may keep inflation expectations firmly anchored: RBI Bulletin

Amid rising prices, monetary policy may keep inflation expectations firmly anchored: RBI Bulletin

🕔20:13, 16.Sep 2022

New Delhi, Sep 16 (IANS) With inflation remaining beyond the RBI’s tolerance level of 6 per cent for the past eight months, the central bank has noted that this underscores the need for the monetary policy to keep second order effects

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RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley

RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley

🕔17:23, 16.Sep 2022

Mumbai, Sep 16 (IANS) The Monetary Policy Committee in the September credit policy is likely to increase the repo rate by 50 basis points to 5.90 per cent and will keep stance unchanged, according to a report by Morgan Stanley. “We

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Only legal loan apps to be hosted on app stores, says Centre

Only legal loan apps to be hosted on app stores, says Centre

🕔16:30, 9.Sep 2022

New Delhi, Sep 9 (IANS) The Reserve Bank of India (RBI) will prepare a “whitelist” of all the legal apps and the Union Ministry of Electronics and Information Technology will ensure that only these “whitelist” apps are hosted on app stores.

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NTT DATA Payment Services gets RBI nod for payment aggregator license

NTT DATA Payment Services gets RBI nod for payment aggregator license

🕔17:52, 5.Sep 2022

Mumbai, Sep 5 (IANS) Payment service provider NTT DATA Payment Services India (earlier Atom Technologies) on Monday said it has received an in-principle approval from the Reserve Bank of India (RBI) for the Payment Aggregator (PA) license. The company has an

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Credit growth outpaced deposit growth of banks in June: RBI

Credit growth outpaced deposit growth of banks in June: RBI

🕔07:15, 26.Aug 2022

Chennai, Aug 26 (IANS) Credit growth outpaced deposit growth for commercial banks in June, the Reserve Bank of India (RBI) said in its quarterly statistics on deposit and credit of commercial banks for June 2022 released on Thursday. As credit growth

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RBI lifts business curbs imposed on American Express Banking Corp

RBI lifts business curbs imposed on American Express Banking Corp

🕔06:42, 25.Aug 2022

Mumbai, Aug 25 (IANS) The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central bank said in a release. “With

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RBI set to increase interest rates by another 50-60 bps in 2022

RBI set to increase interest rates by another 50-60 bps in 2022

🕔12:56, 23.Aug 2022

New Delhi, Aug 23 (IANS) The minutes of the August 22 Monetary Policy Committee of the RBI highlights that inflation continues to remain the key concern for the MPC members despite a deceleration in the overall price momentum after a peak

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RBI releases discussion paper on charges in payment systems

RBI releases discussion paper on charges in payment systems

🕔07:19, 18.Aug 2022

Mumbai, Aug 18 (IANS) The Reserve Bank of India (RBI) released a discussion paper on “Charges in Payment Systems” for public feedback, the central bank said in a release. Feedback may be provided in respect of questions raised therein, including other

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Banks hike deposit rates ahead of festive season

Banks hike deposit rates ahead of festive season

🕔07:16, 18.Aug 2022

Mumbai, Aug 18 (IANS) Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed. The hike in deposit rates are in line with the Reserve Bank of India’s

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Today’s 50 bps hike sign RBI more concerned about rupee, external situation: SBI Ecowrap

Today’s 50 bps hike sign RBI more concerned about rupee, external situation: SBI Ecowrap

🕔19:35, 5.Aug 2022

Mumbai, Aug 5 (IANS) With the Reserve Bank of India (RBI) on Friday raising the repo rate by 50 basis points to take it to pre-pandemic levels at 5.40 per cent, as the MPC seeks to bring inflation closer to the

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Benchmark bond yield rises 9 basis bps post RBI hikes repo rate

Benchmark bond yield rises 9 basis bps post RBI hikes repo rate

🕔12:36, 5.Aug 2022

Mumbai, Aug 5 (IANS) The yield on benchmark government bond yields rose sharply by 9 basis points in the morning trade after the Reserve Bank of India (RBI) announced an increase of the repo rate by 50 basis points. The yield

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RBI hikes policy rate by 50bps to 5.4%

RBI hikes policy rate by 50bps to 5.4%

🕔10:12, 5.Aug 2022

Chennai, Aug 5 (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate or repo rate by 50 basis points (bps) to 5.4 per cent. The policy or the repo rate is the interest

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RBI names minority-dominated regions for banks’ priority lending schemes

RBI names minority-dominated regions for banks’ priority lending schemes

🕔05:12, 4.Aug 2022

Mumbai, Aug 4 (IANS) In a significant move, the Reserve Bank of India (RBI) has released a list of states, Union Territories and districts dominated by different minority communities for extending priority lending schemes implemented by scheduled commercial banks in the

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RBI may hike 25-50 basis points at monetary policy meeting next week

RBI may hike 25-50 basis points at monetary policy meeting next week

🕔16:08, 30.Jul 2022

Mumbai, July 30 (IANS) The Reserve Bank of India’s (RBI) rate-setting committee is likely to hike 25-50 basis points in repo rate in the monetary policy meeting to be held between August 3-5, according to the estimates of various fund managers

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RBI seeks regulations on cryptocurrencies : Sitharaman in Lok Sabha

RBI seeks regulations on cryptocurrencies : Sitharaman in Lok Sabha

🕔19:18, 18.Jul 2022

Finance Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Reserve Bank of India (RBI) has recommended framing of regulations for cryptocurrencies. The Indian government wants an international collaboration if such a ban has to be put

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RBI, Bank Indonesia to cooperate against money laundering, terror financing

RBI, Bank Indonesia to cooperate against money laundering, terror financing

🕔21:34, 17.Jul 2022

Chennai, July 17 (IANS) The Reserve Bank of India (RBI) on Saturday said it has signed an MoU with Bank Indonesia (BI) to improve mutual cooperation between the two central banks. Under the MoU, signed on July 16 in Indonesia’s Bali,

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