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Tag "reserve bank of india"

Undeterred by Covid-19, govt goes ahead with PSU banks merger

Undeterred by Covid-19, govt goes ahead with PSU banks merger

🕔11:21, 30.Mar 2020

New Delhi, March 28  The government is going ahead with the plan to consolidate public sector banks, undeterred by the spread of Covid-19 that has disrupted business across the country, including banking operations. Accordingly, the amalgamation of the Oriental Bank

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RBI allows 3 month moratorium on all term loan EMIs

RBI allows 3 month moratorium on all term loan EMIs

🕔13:50, 27.Mar 2020

New Delhi, March 27 In a big relief to the corporate sector, the Reserve Bank of India on Friday allowed a three month moratorium on payment of instalment in respect of all term loans outstanding on March 1, 2020. “All

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RBI cuts key lending rates to 4.40%; maintains accommodative stance

RBI cuts key lending rates to 4.40%; maintains accommodative stance

🕔10:39, 27.Mar 2020

Mumbai, March 27  The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the COVID-19 outbreak. Accordingly, the Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate

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Sensex up 1,100 points on RBI relief hopes

Sensex up 1,100 points on RBI relief hopes

🕔10:28, 27.Mar 2020

Mumbai, March 27  The Indian stock market witnessed a gap-up opening on Friday and the Sensex traded over 1,100 points higher of hopes of further relief by the Reserve Bank of India (RBI). RBI Governor Shaktikanta Das is scheduled to

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RBI announces additional Rs 30K cr OMO purchase of govt securities

RBI announces additional Rs 30K cr OMO purchase of govt securities

🕔07:00, 21.Mar 2020

Mumbai, March 21  The Reserve Bank of India on Friday announced it would undertake additional purchase of government securities worth Rs 30,000 crore through open market operations (OMO) in a bid to increase liquidity and enhance confidence in the financial

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RBI announces Rs 10K cr OMO purchase of govt securities

RBI announces Rs 10K cr OMO purchase of govt securities

🕔20:08, 18.Mar 2020

Mumbai, March 18  The Reserve Bank of India (RBI) on Wednesday announced it would purchase government securities worth Rs 10,000 crore through open market operations in a bid to increase liquidity and enhance confidence in the market amid the coronavirus

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Corona Impact: Reserve Bank expected to cut rates

Corona Impact: Reserve Bank expected to cut rates

🕔17:32, 16.Mar 2020

Mumbai, March 16  To deal with the economic fallout of coronavirus outbreak, the Reserve Bank of India is expected to ease key lending rate soon. Accordingly, industry watchers contend that RBI might go ahead and ease lending rate before its

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New rules for debit and credit cards kick in from Monday

New rules for debit and credit cards kick in from Monday

🕔21:35, 15.Mar 2020

New Delhi, March 15 The new rules for debit and credit cards to increase security and reduce frauds kick in from Monday. In January, the Reserve Bank of India (RBI) had issued new rules to improve user convenience and increase

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No negotiations with Yes Bank, matter came to board : SBI

No negotiations with Yes Bank, matter came to board : SBI

🕔06:44, 6.Mar 2020

Mumbai, March 6 (IANS) While denying that any negotiations took place to acquire equity in Yes Bank, State Bank of India (SBI) has said that it has given an in-principle approval to explore investment opportunity. In a regulatory filing to exchanges,

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RBI supersedes Yes Bank board, to draw up reconstruction plan in 30 days

RBI supersedes Yes Bank board, to draw up reconstruction plan in 30 days

🕔06:43, 6.Mar 2020

New Delhi, March 5 The Reserve Bank of India on Thursday announced it has superseded the Yes Bank Board of Directors for 30 days and has appointed former SBI CFO Prashant Kumar as the bank’s administrator. In line with the

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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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