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Tag "reserve bank of india"

RBI approves Piramal Group’s proposed takeover of DHFL

RBI approves Piramal Group’s proposed takeover of DHFL

🕔18:07, 18.Feb 2021

Mumbai, Feb 18  The Reserve Bank of India (RBI) has approved the takeover of Dewan Housing Finance Corporation Ltd (DHFL) by Piramal Group. The development comes just a month after the Committee of Creditors (CoC) of DHFL voted in favour

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RBI forms expert panel for Urban Co-operative Banks

RBI forms expert panel for Urban Co-operative Banks

🕔17:55, 15.Feb 2021

Mumbai, Feb 15  The Reserve Bank of India (RBI) has constituted an expert committee under the chairmanship of it’s former Deputy Governor N.S. Vishwanathan on Primary (Urban) Co-operative Banks. The eight-member panel will take stock of the regulatory measures taken

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Das urges policy action to keep petro products, industrial raw material prices under check

Das urges policy action to keep petro products, industrial raw material prices under check

🕔09:40, 6.Feb 2021

Mumbai, Feb 6  Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday put onus on both the Centre and states to ensure through concerted policy measures that current cost build in petroleum products and industrials raw materials does not

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RBI to roll out Integrated Ombudsman Scheme in June

RBI to roll out Integrated Ombudsman Scheme in June

🕔15:56, 5.Feb 2021

Mumbai, Feb 5  The Reserve Bank of India (RBI) will roll out the Integrated Ombudsman Scheme for banks, NBFCs and non-bank prepaid payment issuers (PPIs) in June this year. At present, the framework for alternate dispute resolution consists of three

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Structural Reform: RBI gives retail investors direct access to G-sec market

Structural Reform: RBI gives retail investors direct access to G-sec market

🕔12:00, 5.Feb 2021

Mumbai, Feb 5  The Reserve Bank of India (RBI) has decided to give retail investors direct access to the government securities market. The major structural reform was announced by RBI Governor Shaktikanta Das on Friday. According to Das, India will

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RBI releases circular on risk-based internal audit for NBFCs, UCBs

RBI releases circular on risk-based internal audit for NBFCs, UCBs

🕔14:18, 3.Feb 2021

Mumbai, Feb 3 The Reserve Bank of India (RBI) on Wednesday released a circular on risk-based internal audit (RBIA) for non-banking finance companies (NBFC) and urban co-operative banks (UCB). The circular covers all deposit taking and non-deposit taking NBFCs, including Core

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RBI to do annual assessment of banks’ grievances redressal system

RBI to do annual assessment of banks’ grievances redressal system

🕔07:47, 1.Feb 2021

Mumbai, Feb 01 The Reserve Bank of India (RBI) will undertake annual assessment of customer service and grievances redressal mechanisms of banks as part of its supervisory mechanism. The RBI recently decided to put in place a comprehensive framework for

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Cryptocurrency industry hopeful as RBI mulls over digital currency

Cryptocurrency industry hopeful as RBI mulls over digital currency

🕔07:56, 28.Jan 2021

New Delhi, Jan 28  With the Reserve Bank of India (RBI) now saying that it is exploring the need for a digital version of fiat currency, cryptocurrency stakeholders have called the move a step in the right direction towards strengthening

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New RBI proposal for NBFC funding in IPOs to help primary issues in restoring sanity

New RBI proposal for NBFC funding in IPOs to help primary issues in restoring sanity

🕔10:46, 27.Jan 2021

The Reserve Bank of India issued a discussion paper last Friday on regulations concerning NBFCs. The crux of these regulations is to reduce significantly the arbitrage between NBFCs and banks. The other area of significance is IPO funding where currently

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Intervention Impact: RBI expected to rein-in rising rupee

Intervention Impact: RBI expected to rein-in rising rupee

🕔11:12, 24.Jan 2021

Mumbai, Jan 24  The Reserve Bank of India (RBI) is expected to rein in any sharp appreciation in rupee due to hefty FIIs’ inflows during the upcoming week. Experts contend that effects of large FIIs’ inflows will be neutralised by

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RBI proposes multilayer system, stricter norms for NBFCs

RBI proposes multilayer system, stricter norms for NBFCs

🕔03:15, 23.Jan 2021

Mumbai, Jan 23  The Reserve Bank of India (RBI) on Friday proposed a four-layered structure for non-banking finance companies (NBFCs) and new norms to strengthen their governance and operations. The RBI, in a discussion paper, proposed to differentiate between NBFCs

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RBI imposes Rs 2 cr fine on Deutsche Bank AG

RBI imposes Rs 2 cr fine on Deutsche Bank AG

🕔07:10, 13.Jan 2021

Mumbai, Jan 13  The Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG for non-compliance with certain directions issued by the central bank. An RBI statement said that the action is

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RBI creates ‘Payments Infrastructure Development Fund’

RBI creates ‘Payments Infrastructure Development Fund’

🕔07:24, 6.Jan 2021

Mumbai, Jan 6  The Reserve Bank of India has created a ‘Payments Infrastructure Development Fund’ to encourage acquirers to deploy ‘Points of Sale’ infrastructure in tier-3 to tier-6 centres and northeastern states. A PoS infrastructure can have physical or digital

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RBI introduces Digital Payments Index

RBI introduces Digital Payments Index

🕔13:04, 2.Jan 2021

Mumbai, Jan 2  The Reserve Bank of India (RBI) has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country. The RBI-DPI comprises of five broad parameters that enable measurement of deepening

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Banks’ GNPA ratio declines to 7.5% at September-end: RBI report

Banks’ GNPA ratio declines to 7.5% at September-end: RBI report

🕔07:18, 30.Dec 2020

Mumbai, Dec 30  India’s scheduled commercial banks (SCBs) consolidated their gains achieved after the turnaround in 2018-19 during 2019-20 and first half of 2020-21, the Reserve Bank of India (RBI) said in a report. As per the report on ‘Trend

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India’s inflation target should be maintained at 4%: RBI Working Paper

India’s inflation target should be maintained at 4%: RBI Working Paper

🕔06:56, 29.Dec 2020

New Delhi, Dec 29  India’s inflation target should be maintained at 4 per cent in the medium term, according to a working paper by the Reserve Bank of India (RBI). The paper, published by the RBI’s Department of Economic and

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Beating predictions, economy pulling out of Covid’s deep abyss: RBI

Beating predictions, economy pulling out of Covid’s deep abyss: RBI

🕔19:16, 24.Dec 2020

Mumbai, Dec 24  India’s economy is pulling out of Covid-19’s deep abyss at a faster pace than most predictions, Reserve Bank of India said in its monthly bulletin for December. “Since the assessment presented in the last month’s article, more

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Indian economy reviving at unforeseen pace: RBI

Indian economy reviving at unforeseen pace: RBI

🕔13:54, 24.Dec 2020

New Delhi, Dec 24  As economic activities gather momentum and strive to get back to pre-Covid levels, the Reserve Bank of India has said that the Indian economy is reflating at a pace higher than most predictions. The monthly bulletin

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NBFCs with 15% CRAR for 3 yrs may be allowed to pay dividend

NBFCs with 15% CRAR for 3 yrs may be allowed to pay dividend

🕔06:56, 10.Dec 2020

Mumbai, Dec 10  The Reserve Bank of India (RBI) has come up with a draft circular for declaration of dividend by NBFCs, wherein it has proposed that NBFCs should have at least 15 per cent Capital to Risk Weighted Assets

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Covid effect: RBI asks banks not to declare dividend for FY 20

Covid effect: RBI asks banks not to declare dividend for FY 20

🕔07:07, 7.Dec 2020

New Delhi, Dec 7  The Reserve Bank of India (RBI) has asked banks to conserve capital and not make any dividend payments for financial year 2020. RBI Governor Shaktikanta Das said in his monetary policy statement on Friday that in

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