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Tag "reserve bank of india"

Banking, financial stocks to be in focus as RBI commences MPC meet

Banking, financial stocks to be in focus as RBI commences MPC meet

🕔16:28, 2.Dec 2020

Mumbai, Dec 2  Banking and financial sector stocks will be in focus throughout rest of the trade week as the Reserve Bank commenced its Monetary Policy Committee meet on Wednesday. According to analysts, these sectors have performed well, of late,

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Indian economy exhibited stronger pick up than expected : RBI Governor

Indian economy exhibited stronger pick up than expected : RBI Governor

🕔16:31, 26.Nov 2020

Mumbai, Nov 26 (IANS) The Indian economy has exhibited stronger pick up in momentum of recovery than expected, said Reserve Bank of India Governor Shaktikanta Das on Thursday. Addressing the 4th Annual Day of Foreign Exchange Dealers’ Association of India (FEDAI),

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RBI becomes 1st central bank to have 1 mn followers on Twitter

RBI becomes 1st central bank to have 1 mn followers on Twitter

🕔10:58, 23.Nov 2020

Mumbai, Nov 23  The Reserve Bank of India’s (RBI) Twitter handle achieved 1 million followers on Sunday, turning it the first central bank in the world to achieve the feat. Taking to Twitter, RBI Governor, Shaktikanta Das wrote: “RBI Twitter

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RBI panel bats for large corporate-backed private banks

RBI panel bats for large corporate-backed private banks

🕔19:25, 20.Nov 2020

New Delhi, Nov 20 (IANS) The Reserve Bank of India’s internal working committee has recommended path-breaking reforms in the Indian banking sector, calling for participation of large Indian corporates and industrial house as promoters of banks. The P.K. Mohanty-headed working group

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RBI imposes penalty on Muthoot Finance, Manappuram Finance

RBI imposes penalty on Muthoot Finance, Manappuram Finance

🕔07:24, 20.Nov 2020

Mumbai, Nov 20  The Reserve Bank of India (RBI) on Thursday imposed penalties of Rs 10 lakh and Rs 5 lakh on Muthoot Finance and Manappuram Finance respectively for norm violations. The central bank has penalised Muthoot Finance Limited for

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RBI proposes to merge Lakshmi Vilas Bank with DBS Bank India

RBI proposes to merge Lakshmi Vilas Bank with DBS Bank India

🕔06:51, 18.Nov 2020

Chennai, Nov 18  The Reserve Bank of India (RBI) on Tuesday proposed a draft scheme of amalgamation of the beleaguered Lakshmi Vilas Bank with DBS Bank India Ltd, a wholly-owned subsidiary of DBS Bank Ltd, Singapore. The RBI has also

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India enters into technical recession for first time: RBI Report

India enters into technical recession for first time: RBI Report

🕔13:23, 12.Nov 2020

Mumbai, Nov 12  India has technically entered into a recession with a likely contraction in its GDP during the July-September period, according to a report by the Reserve Bank of India (RBI). RBI’s Economic Activity Index estimates that India’s GDP

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RBI lifts restrictions on Equitas Small Finance Bank

RBI lifts restrictions on Equitas Small Finance Bank

🕔16:22, 9.Nov 2020

Mumbai, Nov 9 Equitas Small Finance Bank on Monday said that the Reserve Bank of India (RBI) has lifted the restrictions imposed on the bank, including on opening of new branches. The Central bank had also directed a freeze on the

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RBI allows banks, NBFCs to co-lend to priority sectors

RBI allows banks, NBFCs to co-lend to priority sectors

🕔07:14, 6.Nov 2020

New Delhi, Nov 6  The Reserve Bank of India (RBI) on Thursday announced a Co-Lending Model (CLM) scheme under which banks can provide loans along with all registered NBFCs, including housing finance companies (HFCs), to priority sector borrowers based on

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RBI to restore currency, bond market trading hours from Nov 9

RBI to restore currency, bond market trading hours from Nov 9

🕔21:36, 2.Nov 2020

Mumbai, Nov 2  The Reserve Bank of India will restore trading hours for currency and bond markets in a phased manner from November 9. The RBI on Monday notified that market activities including the sales and purchase of G-secs will

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RBI Guv tests positive of COVID-19, to work from isolation

RBI Guv tests positive of COVID-19, to work from isolation

🕔19:04, 25.Oct 2020

Mumbai, Oct 25  Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday said that he has tested positive of novel coronavirus infection. Das, however, said that he is asymptomatic and is feeling alright. “I have tested COVID-19 positive. Asymptomatic.

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India at the doorstep of revival: RBI Governor

India at the doorstep of revival: RBI Governor

🕔06:57, 22.Oct 2020

New Delhi, Oct 22  Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that India is at the doorstep of a revival process from the ongoing pandemic. Speaking at an event, he said that it is very important

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RBI to commence ‘On Tap TLTRO’ worth Rs 1 lakh cr on Thursday

RBI to commence ‘On Tap TLTRO’ worth Rs 1 lakh cr on Thursday

🕔06:56, 22.Oct 2020

Mumbai, Oct 22  To provide banks with liquidity that can be used to support specific sectors, the Reserve Bank of India will conduct ‘On tap Targeted Long-term Repo Operations’ on Thursday. The operations will be conducted for a total amount

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RBI’s loan recast framework to support Covid-hit realty projects

RBI’s loan recast framework to support Covid-hit realty projects

🕔06:49, 19.Oct 2020

New Delhi, Oct 19  The Reserve Bank of India’s framework for loan recast or stress resolution for the Covid-19 related stress which allows banks to restructure loans of real estate companies at the project level comes as a major relief

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RBI to conduct OMOs in SDLs worth Rs 10,000 cr

RBI to conduct OMOs in SDLs worth Rs 10,000 cr

🕔16:24, 17.Oct 2020

Mumbai, Oct 16 The Reserve Bank of India (RBI) on Friday announced the purchase of state development loans worth Rs 10,000 crore under open market operations. The auction will be conducted on October 22. The RBI, in a statement, said that

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Banks free to provide funds to Amrapali projects, RBI tells SC

Banks free to provide funds to Amrapali projects, RBI tells SC

🕔07:19, 14.Oct 2020

New Delhi, Oct 14  The Reserve Bank of India on Tuesday informed the Supreme Court that banks are free to decide on the aspect of financing the Amrapali projects in accordance with their commercial judgements. A bench comprising Justices U.U.

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Households expect inflation to remain elevated: Survey

Households expect inflation to remain elevated: Survey

🕔07:03, 12.Oct 2020

Mumbai, Oct 12  Households expect inflation to remain elevated over the next one year, as per a survey by the Reserve Bank of India (RBI). The ‘Inflation Expectations Survey of Households’, however, noted that the respondents’ perception of current inflation

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RBI gives liquidity boost but retains lending rates, gives optimistic outlook

RBI gives liquidity boost but retains lending rates, gives optimistic outlook

🕔20:10, 9.Oct 2020

Mumbai, Oct 9  The Reserve Bank made an expected move by retaining key lending rates, but cheered investors and home buyers by giving a liquidity boost and an optimistic outlook. The central bank’s Monetary Policy Committee, in its penultimate meet

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Industry hails RBI’s liquidity steps, accommodative stance

Industry hails RBI’s liquidity steps, accommodative stance

🕔18:09, 9.Oct 2020

New Delhi, Oct 9  As the Reserve Bank of India (RBI) came up with another slew of measures to improve the liquidity scenario, industry players and experts have lauded its steps. They also appreciated the fact that the central bank

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RBI to maintain comfortable liquidity conditions, announces Rs 20K cr OMOs

RBI to maintain comfortable liquidity conditions, announces Rs 20K cr OMOs

🕔14:18, 9.Oct 2020

Mumbai, Oct 9  To maintain comfortable liquidity conditions in the Covid battered economy, the Reserve Bank of India (RBI) on Friday announced the sale and purchase of government securities worth Rs 20,000 crore under open market operations (OMOs). According to

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