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Tag "reserve bank of india"

Government may receive first tranche of RBI surplus this calendar

Government may receive first tranche of RBI surplus this calendar

🕔18:00, 16.Aug 2019

New Delhi, Aug 16  The Finance Ministry is likely to receive the first tranche of the RBI’s surplus money towards December after its central board discusses and approves the report finalised by the Bimal Jalan panel. The six-member panel led

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Despite RBI cuts, consumers yet to benefit as transmission slow

Despite RBI cuts, consumers yet to benefit as transmission slow

🕔19:09, 7.Aug 2019

Mumbai, Aug 7  In a bid to boost demand and growth, the RBI’s Monetary Policy Committee (MPC) on Wednesday announced 35 bps cut in repo rate, which eventually is expected to be transmitted to retail loans. However, a look at

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RBI imposes monetary penalty on eleven banks

RBI imposes monetary penalty on eleven banks

🕔10:23, 6.Aug 2019

Mumbai, Aug 6  The Reserve Bank of India imposed monetary penalty on eleven banks for non-compliance with provisions of “Frauds classification and reporting by commercial banks and select FIs”. Individually, the penalty on 11 banks ranges from Rs 1.5 crore

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IOB’s authorised capital increased to Rs 15,000 crore

IOB’s authorised capital increased to Rs 15,000 crore

🕔16:15, 30.Jul 2019

Chennai, July 30  The central government, after consultations with the Reserve Bank of India, has increased the authorised capital of Indian Overseas Bank (IOB) from Rs 10,000 crore to Rs 15,000 crore through a gazette notification. In a statement issued

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RBI levies Rs 7 cr fine on SBI for non-compliance of norms

RBI levies Rs 7 cr fine on SBI for non-compliance of norms

🕔09:52, 16.Jul 2019

Mumbai, July 16  The Reserve Bank of India on Monday said that it has imposed a penalty of Rs 7 crore on State Bank of India for non-compliance of several norms. “This action is based on deficiencies in regulatory compliance

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RBI panel estimates transferable surplus at just Rs 8,000 cr: Report

RBI panel estimates transferable surplus at just Rs 8,000 cr: Report

🕔08:59, 3.Jul 2019

New Delhi, July 3  The panel set up to review the Reserve Bank of India’s economic capital framework estimated the transferable surplus, or the amount the central bank could potentially pass on to the government, at close to Rs 8,000

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India’s end-March external debt rises 2.6% to $543 bn

India’s end-March external debt rises 2.6% to $543 bn

🕔13:15, 29.Jun 2019

Mumbai, June 29  India’s external debt for the quarter-ended March 2019 rose 2.6 per cent or $13.7 billion to $543 billion on account of an increase in short-term debt, commercial borrowings and non-resident Indian (NRI) deposits. According to the Reserve

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RBI sets base rate of 9.18% for NBFC-MFI borrowers for July-Sept

RBI sets base rate of 9.18% for NBFC-MFI borrowers for July-Sept

🕔13:10, 29.Jun 2019

Mumbai, June 29  The Reserve Bank of India on Friday set an average base rate of 9.18 per cent for non-banking financial companies and micro finance institutions to be charged from their customers for the quarter beginning July 1. “The

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RBI’s MPC found clear signs of economy losing traction

RBI’s MPC found clear signs of economy losing traction

🕔21:28, 20.Jun 2019

Mumbai, June 20  At the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting earlier this month, RBI Governor Shaktikanta Das had pointed to clear evidence of economic activity losing traction while presenting the rationale for a rate cut,

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Fitch pegs India’s growth at 6.6% in 2019-20

Fitch pegs India’s growth at 6.6% in 2019-20

🕔06:51, 18.Jun 2019

New Delhi, June 18  Fitch Ratings on Monday saw India’s growth for FY 2019-20 at 6.6 per cent and 7.1 per cent in 2021-22. Fitch was optimistic on India’s growth, saying that the monetary and regulatory easing from the Reserve

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RBI slaps Rs 2 cr penalty on Kotak Mahindra Bank

RBI slaps Rs 2 cr penalty on Kotak Mahindra Bank

🕔07:33, 8.Jun 2019

Mumbai, June 8  The Reserve Bank of India (RBI) on Friday imposed a penalty of Rs 2 crore on Kotak Mahindra Bank for not complying with the central bank’s directions to furnish details of its promoter shareholding. The bank was

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RBI to issue revised NPA circular in 3-4 days

RBI to issue revised NPA circular in 3-4 days

🕔15:10, 6.Jun 2019

Mumbai, June 6  Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the RBI will issue a new circular on non-performing assets (NPAs) in three to four days. The circular is likely to set new norms and bring

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Rate cut hat-trick: RBI turns accommodative to boost growth

Rate cut hat-trick: RBI turns accommodative to boost growth

🕔13:06, 6.Jun 2019

Mumbai, June 6  Home and auto loans are set to become cheaper as the Reserve Bank of India (RBI) went for a hat-trick of rate cut on Thursday as it lowered its key lending rate for commercial banks by 25

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RBI sets up panel to develop secondary market for corporate loans

RBI sets up panel to develop secondary market for corporate loans

🕔10:00, 30.May 2019

Mumbai, May 30 The Reserve Bank of India on Wednesday constituted a task force on development of secondary market for corporate loans. The six-member task force will have T. N. Manoharan, Chairman of Canara Bank, as its chairperson and will submit

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RBI to extend RTGS deadline to 6 p.m. from June 1

RBI to extend RTGS deadline to 6 p.m. from June 1

🕔08:29, 29.May 2019

Mumbai, May 29  The Reserve Bank of India has decided to extend the usage timings for ‘Real Time Gross Settlement’ (RTGS) system from June 1. A notification to this effect was issued on Tuesday. RTGS is a financial transaction system,

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RBI Governor calls on Jaitley, terms it courtesy call

RBI Governor calls on Jaitley, terms it courtesy call

🕔09:21, 27.May 2019

New Delhi, May 27  Reserve Bank of India (RBI) Governor Shaktikanta Das called on Union Finance Minister Arun Jaitley here on Sunday. Das, in a tweet, described the visit as a courtesy meeting. The meeting comes amidst reports and speculations

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RBI to inject durable liquidity worth Rs 15,000 cr

RBI to inject durable liquidity worth Rs 15,000 cr

🕔07:01, 25.May 2019

Mumbai, May 25  To ease liquidity concerns, the Reserve Bank of India (RBI) on Friday said that it will inject Rs 15,000 crore through open market operations (OMOs) on June 13. Open market operations (OMOs) are conducted by the RBI

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RBI may toughen NBFCs’ access to public deposits

RBI may toughen NBFCs’ access to public deposits

🕔19:15, 22.May 2019

New Delhi, May 22  The Finance Ministry may ask the Reserve Bank of India (RBI) to put strong regulatory framework around NBFCs accessing non-bank public deposits, like pension and provident fund, as these are savings of the salaried class and

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RBI to create specialised cadre to supervise banks, NBFCs

RBI to create specialised cadre to supervise banks, NBFCs

🕔11:03, 22.May 2019

Chennai, May 22  Reserve Bank of India has decided to create a “specialised supervisory and regulatory cadre” to strengthen supervision over commercial banks, urban cooperative banks and Non-Banking Financial Companies (NBFCs). The decision was taken at the apex bank’s Central

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Need to set up state finance panels discussed: RBI

Need to set up state finance panels discussed: RBI

🕔19:43, 8.May 2019

Mumbai, May 8  The necessity of setting up ‘State Finance Commissions’ was discussed in a meeting between RBI Governor Shaktikanta Das and Finance Commission Chairman N.K. Singh. The 15th Finance Commission headed by Chairman Singh on Wednesday held a detailed

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