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RBI hikes its share in National Housing Bank with Rs.1,000 crore

RBI hikes its share in National Housing Bank with Rs.1,000 crore

🕔09:52, 16.Jan 2016

Mumbai, Jan 16  The Reserve Bank of India (RBI) on Friday announced it has increased shareholding in its wholly-owned subsidiary, the National Housing Bank (NHB), by contributing Rs.1,000 crore towards its paid-up capital.“The Reserve Bank has contributed Rs.1,000 crore towards

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India’s central bank keeps interest rates unchanged

India’s central bank keeps interest rates unchanged

🕔11:41, 1.Dec 2015

Mumbai, Dec 1  The Indian central bank on Tuesday kept its short-term lending and borrowing rates unchanged, in line with expectations, balancing its policy action between a comforting, 7.4 percent economic growth for the second quarter of this fiscal and

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Government joins monetary framework with RBI to curb inflation: PM

Government joins monetary framework with RBI to curb inflation: PM

🕔12:10, 6.Nov 2015

New Delhi, Nov 6  Prime Minister Narendra Modi on Friday said that the government has for the first time entered into a monetary framework with the Reserve Bank of India (RBI) to curb inflation.“We embarked on a course of fiscal

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RBI Rate Cut: RICH GAIN, POOR LOSE…

RBI Rate Cut: RICH GAIN, POOR LOSE…

🕔10:28, 5.Oct 2015

RBI Rate Cut RICH GAIN, POOR LOSE By Shivaji Sarkar The excitement over the Reserve Bank of India’s 0.5 per cent interest rate cut taken as a whole is misplaced. It is a severe blow to depositors. Additionally it will

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Inflation to be kept low while reforms implemented: RBI

Inflation to be kept low while reforms implemented: RBI

🕔14:01, 18.Sep 2015

Mumbai, Sep 18  Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said inflation should be kept low not only now but also in the future, adding that reforms are needed for sustainable growth.Rajan said at an event here

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RBI cancels Sahara India’s para-banking license

RBI cancels Sahara India’s para-banking license

🕔14:23, 8.Sep 2015

Lucknow, Sep 8  In a fresh setback to the beleaguered Sahara India Pariwar, the Reserve Bank of India (RBI) has cancelled the license of its holding company Sahara India Financial Corporation Limited (SIFCL), officials said on Tuesday.The action has been

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Payment Banks: TOWARDS FINANCIAL INCLUSION…

Payment Banks: TOWARDS FINANCIAL INCLUSION…

🕔11:48, 4.Sep 2015

Payment Banks TOWARDS FINANCIAL INCLUSION By Dhurjati Mukherjee  The announcement of in-principle approval of 11 payment banks by the Reserve Bank of India (RBI) is expected to pave the way for financial inclusion through a combination of branches and digital

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RBI to pay back Rs.1,274 crore to Telangana

RBI to pay back Rs.1,274 crore to Telangana

🕔11:12, 1.Sep 2015

New Delhi/Hyderabad, Sept 01  The Reserve Bank of India (RBI) is set to transfer back Rs.1,274.21 crore to Telangana with the union finance ministry advising it to reverse the deductions made from the state’s principal account as “it was not

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RBI tackling inflation: Rajan

RBI tackling inflation: Rajan

🕔10:25, 31.Aug 2015

Washington, Aug 31  Reserve Bank of India (RBI) governor Raghuram Rajan says he is trying to bring down India’s high inflation rate while navigating complications like manufacturers who are hurt by higher interest rates and a stronger currency.RBI’s policy process,

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India has forex reserves to stabilise currency volatility: RBI

India has forex reserves to stabilise currency volatility: RBI

🕔15:51, 24.Aug 2015

Mumbai, Aug 24  On a day when the rupee and stock market went down Reserve Bank of India (RBI) Governor Raghuram Rajan said on Monday India has sufficient foreign exchange reserves to prevent volatility in the currency market. India has

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China devaluation a risk, if long-term: Raghuram Rajan

China devaluation a risk, if long-term: Raghuram Rajan

🕔14:56, 20.Aug 2015

Mumbai, Aug 20  Repeating his warnings about global markets being at risk of a crash due to competitive loose monetary policies adopted by rich nations, RBI Governor Raghuram Rajan on Thursday said the recent devaluation of the Chinese currency poses

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RBI nod to Reliance, others for payment banks

RBI nod to Reliance, others for payment banks

🕔11:53, 20.Aug 2015

Chennai/New Delhi, Aug 20  The Reserve Bank of India (RBI) on Wednesday granted ‘in principle’ approval to 11 applicants, including Reliance Industries Ltd., Aditya Birla Nuvo Ltd., Department of Posts and Cholamandalam Distribution Services Ltd., to set up payment banks.

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RBI awaits rate-cuts by commercial lenders

RBI awaits rate-cuts by commercial lenders

🕔11:20, 5.Aug 2015

Mumbai, Aug 5  Ignoring the clamour for an easing of monetary policy, India’s central bank on Tuesday kept its key lending rates unchanged, sticking to its stand that further cuts can only be effected if commercial lenders pass on the

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RBI has decided to evaluate earlier rate cuts: Moody’s

RBI has decided to evaluate earlier rate cuts: Moody’s

🕔15:18, 4.Aug 2015

Chennai, Aug 4 Global credit rating agency Moody’s Investors Service on Tuesday said the Reserve Bank of India (RBI) has decided to keep the policy rate at 7.25 percent and evaluate the impact of 75 basis points of interest rate

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RBI governor likely to hold interest rates

RBI governor likely to hold interest rates

🕔15:52, 3.Aug 2015

New Delhi, Aug 3  The Reserve Bank of India (RBI) is widely expected to hold interest rates at its monetary policy review on Tuesday. According to the Export-Import Bank of India, the rising trend in inflation seen over the last

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Deadline to exchange pre-2005 currency notes extended

Deadline to exchange pre-2005 currency notes extended

🕔11:22, 29.Jun 2015

New Delhi, June 29  The Reserve Bank of India has extended the deadline for exchanging pre-2005 currency notes of various denominations, including Rs.500 and Rs.1,000, by six months till December-end. “The Reserve Bank of India has extended the date for

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State-run banks will need more capital to meet adequacy norms: RBI

State-run banks will need more capital to meet adequacy norms: RBI

🕔11:03, 27.Jun 2015

New Delhi, June 27  The Reserve Bank of India said on Friday that state-run banks are adequately capitalised, but would need additional funds to comply with international capital adequacy norms in the future. “Right now the banks are adequately capitalised.

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PNB bags four prizes in Reserve Bank Rajbhasha Shield Pratiyogita

PNB bags four prizes in Reserve Bank Rajbhasha Shield Pratiyogita

🕔10:04, 24.Jun 2015

Every year Reserve Bank of India ((RBI) honors those Nationalized Banks and Financial institutions whose performance is excellent in implementation of Official Language Policy and use of Hindi in their day to day working. RBI has declared the results for

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Jaitley to meet heads of state-run banks

Jaitley to meet heads of state-run banks

🕔11:59, 11.Jun 2015

New Delhi, June 11  Finance Minister Arun Jaitley will meet heads of public sector banks on Friday to persuade them to pass on Reserve Bank of India’s (RBI) rate cut benefit to borrowers to stimulate growth. The meeting will also

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RBI allows banks to control company if debt restructuring fails

RBI allows banks to control company if debt restructuring fails

🕔11:53, 9.Jun 2015

Mumbai, June 9  The Reserve Bank of India (RBI) on Monday allowed banks to recast a company’s debt under a “strategic debt restructuring” (SDR) scheme wherein the lender must hold 51 percent or more of the equity after the debt-for-share

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