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Tag "reserve bank of india"

LS passes Banking Regulation Bill to address disruptions in financial system

LS passes Banking Regulation Bill to address disruptions in financial system

🕔08:54, 17.Sep 2020

New Delhi, Sep 17  The Lok Sabha has passed a Bill to address the potential disruptions in the financial system and to ensure that cooperative banks are conducted in a manner that protects the interests of the depositors by increasing

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Complete automation of NPA recognition by June 30, 2021: RBI

Complete automation of NPA recognition by June 30, 2021: RBI

🕔07:13, 15.Sep 2020

Mumbai, Sep 15  The Reserve Bank of India (RBI) on Monday directed banks to complete the automation of bad loan recognition and asset classification by June 30, 2021. In a notification, the RBI said that the processes for NPA identification,

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RBI issues norms for banks to appoint Chief Compliance Officers

RBI issues norms for banks to appoint Chief Compliance Officers

🕔07:22, 12.Sep 2020

Mumbai, Sep 12  The Reserve Bank of India (RBI) on Friday came out with guidelines for banks to appoint Chief Compliance Officers (CCO). In a circular, the central bank said that it has come up with the guidelines to bring

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RBI accepts Kamath-led panel’s suggestions on resolving Covid-linked stress

RBI accepts Kamath-led panel’s suggestions on resolving Covid-linked stress

🕔08:27, 8.Sep 2020

Mumbai, Sep 8  The Reserve Bank of India (RBI) on Monday said that it has broadly accepted the recommendations of the K.V. Kamath-led Expert Committee on Resolution Framework for Covid-19-related stress. The expert committee has recommended financial parameters including aspects

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RBI revises priority sector lending norms, raises credit limits

RBI revises priority sector lending norms, raises credit limits

🕔17:45, 4.Sep 2020

Mumbai, Sep 4 The Reserve Bank of India (RBI) on Friday released its revised priority sector lending guidelines wherein the credit limits have been raised for farmer producer organisations, renewable energy and for health infrastructure. As announced by the RBI Governor,

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RBI’s nod for Murali Ramakrishnan’s appointment as South Indian Bank MD

RBI’s nod for Murali Ramakrishnan’s appointment as South Indian Bank MD

🕔13:16, 3.Sep 2020

Mumbai, Sep 3 The Reserve Bank of India (RBI) has approved the appointment of Murali Ramakrishnan as the MD and CEO of South Indian Bank with effect from October 1. In a regulatory filing on Thursday, the bank said that the

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RBI announces more measures for orderly market conditions

RBI announces more measures for orderly market conditions

🕔07:55, 1.Sep 2020

Mumbai, Sept 01  The Reserve Bank of India (RBI) on Monday announced additional steps to ensure orderly market conditions and congenial financial conditions, including conducting a special open market operation and a repo term operation. In a statement, the RBI

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75% companies availing moratorium are sub-investment grade: CRISIL

75% companies availing moratorium are sub-investment grade: CRISIL

🕔15:54, 31.Aug 2020

New Delhi, Aug 31  The moratorium on loan repayments provided by banks at the behest of the Reserve Bank of India (RBI) has provided much-needed liquidity support to mid-sized sub-investment grade (rated CRISIL BB+ or lower) companies, an analysis by

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Just 4 months from April worsened GST compensation cess prospects

Just 4 months from April worsened GST compensation cess prospects

🕔07:48, 28.Aug 2020

New Delhi, Aug 28  As the Centre laid down options of borrowing by states from the Reserve Bank of India (RBI) in lieu of the GST compensation cess, a look at data shows that four month period between April and

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Pandemic-proofing: Govt consumption to support demand, says RBI

Pandemic-proofing: Govt consumption to support demand, says RBI

🕔17:30, 25.Aug 2020

Mumbai, Aug 25  Government consumption is expected to continue “pandemic-proofing” of demand, the Reserve Bank said on Tuesday. In its Annual Report 2019-20, the Reserve Bank of India said that when the demands gets stabilised, private consumption is likely to

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Banking system has to be liberated from risk aversion: RBI

Banking system has to be liberated from risk aversion: RBI

🕔17:28, 25.Aug 2020

Mumbai, Aug 25  As the pandemic has brought about dire need for liquidity, the Reserve Bank of India has said that the banking sector needs to get out of the risk aversion mode and give credit to the productive sector

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Rs 2,000 currency notes not printed in FY20: RBI

Rs 2,000 currency notes not printed in FY20: RBI

🕔17:26, 25.Aug 2020

New Delhi, Aug 25 Currency notes of Rs 2,000 were not printed at all in financial year 2019-20, according to the Reserve Bank of India (RBI). The central bank’s Annual Report for 2019-20 also showed that the supply of banknotes during

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Independent regulator needed for targeted public investment: RBI

Independent regulator needed for targeted public investment: RBI

🕔17:24, 25.Aug 2020

Mumbai, Aug 25  The Reserve Bank of India has called for setting up an independent regulator for targeted public investment to revive and crowd in private investment. In its Annual Report 2019-20, it said that targeted public investment funded by

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RBI to conduct open market operations worth Rs 20,000 crore

RBI to conduct open market operations worth Rs 20,000 crore

🕔12:40, 25.Aug 2020

Mumbai, Aug 25 The Reserve Bank of India (RBI) on Tuesday announced the sale and purchase of government securities worth Rs 20,000 crore under open market operations. The OMO would be conducted in two tranches, each worth Rs 10,000 crore. The

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RBI releases ‘National Strategy for Financial Education: 2020-2025’

RBI releases ‘National Strategy for Financial Education: 2020-2025’

🕔16:38, 20.Aug 2020

Mumbai, Aug 20  To achieve the vision of creating a financially aware and empowered India, the Reserve Bank on Thursday released the ‘Second National Strategy for Financial Education (NSFE) for the period 2020-2025. The NSFE 2020-25 intends to support the

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Yes Bank shares soar 5% on repayment of Rs 35,000 cr to RBI

Yes Bank shares soar 5% on repayment of Rs 35,000 cr to RBI

🕔17:58, 19.Aug 2020

Mumbai, Aug 19  Yes Bank shares hit the 5 per cent upper circuit on Wednesday after its Chairman said the bank has repaid Rs 35,000 crore to the Reserve Bank of India (RBI) of the special liquidity facility provided by

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RBI releases framework for umbrella retail payments entities

RBI releases framework for umbrella retail payments entities

🕔08:06, 19.Aug 2020

Mumbai, Aug 19  The Reserve Bank of India (RBI) on Tuesday came up with a framework for pan-India Umbrella Entity for Retail Payments, wherein the central bank has said that an entity must have a minimum paid-up capital of Rs

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Kamath to head RBI panel; Diwakar, Manoharan, IBA CEO on board

Kamath to head RBI panel; Diwakar, Manoharan, IBA CEO on board

🕔17:01, 7.Aug 2020

Mumbai, Aug 7  The Reserve Bank of India (RBI) on Friday announced the constitution of an expert committee led by KV Kamath to make recommendations on a special window for Covid-related stressed assets under the bank’s ‘Prudential Framework on Resolution

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RBI adds glitter to gold, allows higher loans against jewellery

RBI adds glitter to gold, allows higher loans against jewellery

🕔19:02, 6.Aug 2020

New Delhi, Aug 6  The Reserve Bank of India on Thursday added additional shine to gold ornaments and jewellery by allowing banks to give loans up to 90 per cent of the value of such items pledged by borrowers. At

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Covid Relief: RBI extends scheme for MSME debt restructuring

Covid Relief: RBI extends scheme for MSME debt restructuring

🕔18:25, 6.Aug 2020

Mumbai, Aug 6  The Reserve Bank of India on Thursday extended a scheme whereby stressed MSME borrowers will become eligible for restructuring their debt, provided their accounts with lenders were classified as ‘standard’ as on March 1, 2020. Accordingly, the

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