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Tag "reserve bank of india"

‘Centre, states need to bolster RBI steps via vaccination, better health infra’

‘Centre, states need to bolster RBI steps via vaccination, better health infra’

🕔20:52, 10.May 2021

New Delhi, May 10 As the country struggles amid the second wave of Covid-19 and economic activities again halt, an SBI report has commended measures taken by the Reserve Bank of India (RBI) amid the pandemic to support the economy and

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RBI extends restrictions on Millath Co-op Bank by 3 months

RBI extends restrictions on Millath Co-op Bank by 3 months

🕔20:07, 8.May 2021

Mumbai, May 8  The Reserve Bank of India (RBI) has extended the restrictions on Karnataka-based Millath Co-operative Bank by three months, till August 8, 2021. As per RBI’s directions, the co-operative bank shall not, without prior approval of RBI in

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RBI eases KYC compliance; extends video KYC to new customers

RBI eases KYC compliance; extends video KYC to new customers

🕔06:42, 6.May 2021

Mumbai, May 6  The Reserve Bank of India did not stop at providing liquidity enhancement measures to tackle the current economic strain unleashed by the resurgence of a Covid-19 wave. It also rationalised certain compliance matters to provide ease of

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RBI announces 2nd round of loan restructuring for MSMEs, individuals

RBI announces 2nd round of loan restructuring for MSMEs, individuals

🕔06:41, 6.May 2021

Mumbai, May 6  The Reserve Bank of India has announced another round of loan restructuring for MSMEs, small businesses and individuals with aggregate exposure of up to Rs 25 crore, who have not been beneficiaries of restructuring frameworks. RBI Governor

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RBI Governor meets MD, CEOs of small finance banks

RBI Governor meets MD, CEOs of small finance banks

🕔19:12, 30.Apr 2021

Mumbai, April 30  The Reserve Bank of India on Friday held a meeting with heads of small finance banks on credit flows to different segments of the borrowers and get a sense of emerging stress on banks’ balance sheet in

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Committee on ARCs invites views from stakeholders

Committee on ARCs invites views from stakeholders

🕔06:45, 29.Apr 2021

Mumbai, April 29  The Reserve Bank of India constituted committee on Asset Reconstruction Companies (ARCs) has invited ARCs, market participants and other stakeholders to share their views and suggestions on the issue of working of such companies. The committee, headed

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RBI imposes restrictions on American Express, Diners Club

RBI imposes restrictions on American Express, Diners Club

🕔07:23, 24.Apr 2021

Mumbai, April 24  The Reserve Bank of India (RBI) has imposed restrictions on American Express Banking Corp and Diners Club International Ltd from on-boarding new domestic customers onto their card networks from May 1, 2021. These entities have been found

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RBI okays Atanu Chakraborty as part-time Chairman of HDFC Bank

RBI okays Atanu Chakraborty as part-time Chairman of HDFC Bank

🕔07:22, 24.Apr 2021

Mumbai, April 24  The Reserve Bank of India (RBI) has approved the appointment of Atanu Chakraborty as part-time Chairman of HDFC Bank. The appointment comes into effect on May 5, 2021, for a period of three years. “The Reserve Bank

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RBI directs banks to halve dividend payouts amid 2nd Covid wave

RBI directs banks to halve dividend payouts amid 2nd Covid wave

🕔15:42, 23.Apr 2021

Mumbai, April 23  The Reserve Bank of India (RBI) has directed the banks to restrict dividend payouts to 50 per cent in a bid to conserve capital and stay resilient. In a notification to all the commercial and co-operative banks,

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Airtel Payments Bank increases day-end balance limit to Rs 2 lakh

Airtel Payments Bank increases day-end balance limit to Rs 2 lakh

🕔18:37, 18.Apr 2021

New Delhi, April 18  In line with the Reserve Bank of India’s (RBI) guidelines, Airtel Payments Bank on Sunday announced that it has become the first payments bank in the country to enable Rs 2 lakh day-end balance account limit.

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RBI sets up new Regulations Review Authority

RBI sets up new Regulations Review Authority

🕔10:10, 16.Apr 2021

Mumbai, April 16  The Reserve Bank of India (RBI) has set up a new Regulations Review Authority (RRA 2.0) for a period of one year to review regulatory prescriptions internally as well as by seeking suggestions from RBI-regulated entities and

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RBI to buy different maturity bonds under 1st quantitative easing plan

RBI to buy different maturity bonds under 1st quantitative easing plan

🕔06:52, 9.Apr 2021

Mumbai, April 9  The Reserve Bank of India will purchase government securities maturing between November 2023 and March 2035 under the quantitative easing programme announced by Governor Shaktikanta Das after the monetary policy committee (MPC) meeting on Wednesday. In order

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Maximum balance for payments bank customers raised to Rs 2 lakh

Maximum balance for payments bank customers raised to Rs 2 lakh

🕔06:51, 9.Apr 2021

Mumbai, April 9  The Reserve Bank of India (RBI) has enhanced the maximum balance at the end of the day for payments banks to Rs 2 lakh per customer with immediate effect. The development comes a day after RBI Governor

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RBI asks banks to put in place policy to refund ‘interest on interest’

RBI asks banks to put in place policy to refund ‘interest on interest’

🕔04:43, 8.Apr 2021

Mumbai, April 8  The Reserve Bank of India (RBI) has directed all banks and NBFCs to immediately put in place a board-approved policy to refund or adjust the ‘interest on interest’ charged to borrowers during the moratorium period of March

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Relaxation for ECB borrowers amid pandemic

Relaxation for ECB borrowers amid pandemic

🕔17:33, 7.Apr 2021

Mumbai, April 7  The Reserve Bank of India (RBI) has relaxed the period of external commercial borrowing (ECB) proceeds in terms deposits. Post the decision, unutilised ECB proceeds drawn down on or before March 1, 2020 can be parked in

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Payments Banks allowed to hold Rs 2L balance per customer

Payments Banks allowed to hold Rs 2L balance per customer

🕔17:21, 7.Apr 2021

Mumbai, April 7  In a major boost to operations of the Payments Banks, the Reserve Bank of India on Wednesday doubled the limit of maximum balance that an individual customer can hold with them. Accordingly, Payments Banks can now hold

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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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RBI decides to open up RTGS, NEFT for payment system operators

RBI decides to open up RTGS, NEFT for payment system operators

🕔17:12, 7.Apr 2021

Mumbai, April 7  In a major move in the online payments segments, the Reserve Bank of India (RBI) has decided to allow payment system operators to take direct membership of Centralised Payment Systems (CPS), such as RTGS and NEFT. Membership

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RBI Guv calls for coordinated action to give tax relief on petroleum products

RBI Guv calls for coordinated action to give tax relief on petroleum products

🕔12:04, 7.Apr 2021

Mumbai, April 7 (IANS) Reserve Bank of India Governor Shaktikanta Das on Wednesday put onus on both Centre and the States to ensure that through coordinated policy measures the cost build up in the petroleum products does not escalate further. While

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States to borrow Rs 1.78 lakh cr in April-June

States to borrow Rs 1.78 lakh cr in April-June

🕔06:50, 7.Apr 2021

Mumbai, April 7  States and Union Territories are likely to borrow Rs 1.78 lakh crore in the April-June quarter 2021. In a statement on Tuesday, the RBI said: “The Reserve Bank of India, in consultation with the state governments/Union Territories

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