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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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RBI reviewing monetary policy framework change: Governor

RBI reviewing monetary policy framework change: Governor

🕔18:16, 15.Feb 2020

New Delhi, Feb 15  The Reserve Bank of India is currently examining if there is a need to bring any change in the monetary policy framework and that, if required, it will talk to the government, Governor Shaktikanta Das said

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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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RBI keeps repo rate unchanged at 5.15%

RBI keeps repo rate unchanged at 5.15%

🕔12:44, 6.Feb 2020

Mumbai, Feb 6  The Reserve Bank of India on Thursday kept the benchmark rate of interest unchanged at 5.15 per cent in view of the uptick in inflation. The RBI has kept the repo rate unchanged at 5.15 per cent

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RBI ups investment limit for FPIs in govt, corporate bonds

RBI ups investment limit for FPIs in govt, corporate bonds

🕔12:00, 24.Jan 2020

New Delhi, Jan 23 The Reserve Bank of India on Thursday raised the investment limit for FPIs in government and corporate bonds to bring in more foreign funds into the market. Currently, short-term investments by a foreign portfolio investors (FPI)

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RBI ups investment limit for FPIs in govt, corporate bonds

RBI ups investment limit for FPIs in govt, corporate bonds

🕔06:53, 24.Jan 2020

New Delhi, Jan 24 The Reserve Bank of India on Thursday raised the investment limit for FPIs in government and corporate bonds to bring in more foreign funds into the market. Currently, short-term investments by a foreign portfolio investors (FPI) should

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RBI cancels Vodafone m-pesa’s certificate of authorisation

RBI cancels Vodafone m-pesa’s certificate of authorisation

🕔11:46, 22.Jan 2020

Mumbai, Jan 22  The Reserve Bank of India on Tuesday cancelled the Certificate of Authorisation (CoA) of Vodafone m-pesa after its voluntary surrender of authorisation. The company henceforth cannot transact business of issuance and operation of Prepaid payment Instruments, RBI

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RBI directs banks that credit, debit card users can enable, disable

RBI directs banks that credit, debit card users can enable, disable

🕔06:54, 16.Jan 2020

New Delhi, Jan 16  To improve user convenience and increase the security of card transactions,the Reserve Bank of India (RBI) has asked all banks to give card users, credit and debit, the facility to enable/disable their cards for different types

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Operation Twist-III: RBI buys, sells bonds worth Rs 10k crore each

Operation Twist-III: RBI buys, sells bonds worth Rs 10k crore each

🕔06:47, 7.Jan 2020

New Delhi, Jan 7 The Reserve Bank of India (RBI) on Monday bought Rs 10,000 crore of three long-term securities while selling the same amount of three short-term bonds in the third special open market operation in three weeks. It got

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RBI launches mobile app MANI for visually impaired

RBI launches mobile app MANI for visually impaired

🕔18:48, 2.Jan 2020

New Delhi, Jan 2 (IANS) The Reserve Bank of India on Wednesday launched a unique mobile application for aiding visually impaired persons to identify the denomination of Indian bank notes. The application — Mobile Aided Note Identifier — was launched by

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RBI launches mobile app MANI for visually impaired

RBI launches mobile app MANI for visually impaired

🕔06:43, 2.Jan 2020

New Delhi, Jan 2 The Reserve Bank of India on Wednesday launched a unique mobile application for aiding visually impaired persons to identify the denomination of Indian bank notes. The application — Mobile Aided Note Identifier — was launched by RBI

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RBI to conduct another ‘operational twist’ on Monday

RBI to conduct another ‘operational twist’ on Monday

🕔20:02, 26.Dec 2019

Mumbai, Dec 26 (IANS) The Reserve Bank of India (RBI) on Thursday said it will conduct another simultaneous purchase and sale of government securities under the Open Market Operations (OMO) for Rs 10,000 crore each, on Monday. The decision was taken

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RBI to provide liquidity facility to make NEFT system 24×7

RBI to provide liquidity facility to make NEFT system 24×7

🕔07:12, 14.Dec 2019

Mumbai, Dec 14  The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of payment system National Electronic Funds Transfer (NEFT) on a round-the-clock basis from December 16, the central bank

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India’s forex reserves rise to over $451 bn

India’s forex reserves rise to over $451 bn

🕔14:51, 7.Dec 2019

Mumbai, Dec 7  India’s foreign exchange reserves rose by $2.48 billion during the week ended November 29, official data showed on Friday. According to the Reserve Bank of India’s weekly statistical supplement, the overall forex reserves increased to $451.08 billion

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RBI slaps Rs 1 cr penalty on Bandhan Bank

RBI slaps Rs 1 cr penalty on Bandhan Bank

🕔07:00, 30.Oct 2019

New Delhi, Oct 30  The Reserve Bank of India (RBI) on Tuesday imposed Rs 1 crore penalty on Bandhan Bank for non-compliance with promoter holding norms, contained in the licencing guidelines. Under the guidelines, the bank was required to bring

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PMC Bank depositors now allowed to withdraw Rs 40,000

PMC Bank depositors now allowed to withdraw Rs 40,000

🕔07:39, 15.Oct 2019

Mumbai, Oct 15  The Reserve Bank of India on Monday again raised the withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank – to Rs 40,000 from Rs 25,000. According to the RBI, the latest relaxation will allow about

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RBI fixes coop banks’ daily reporting system post PMC fraud

RBI fixes coop banks’ daily reporting system post PMC fraud

🕔09:40, 12.Oct 2019

Mumbai, Oct 12  The Reserve Bank of India on Friday has changed the daily reporting system at cooperative banks after the collapse of Punjab and Maharashtra Cooperative Bank following the unearthing of over Rs 4,000 crore fraud there. In a

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RBI rejects India Bulls-Lakshmi Vilas Bank amalgamation

RBI rejects India Bulls-Lakshmi Vilas Bank amalgamation

🕔08:58, 10.Oct 2019

Mumbai/Chennai, Oct 10  The Reserve Bank of India on Wednesday rejected the merger of Lakshmi Vilas Bank and India Bulls Housing Finance Ltd, months after the bank had sought its approval on May 7. “The RBI vide their letter dated

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