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Tag "reserve bank of india"

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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RBI’s surplus tranfer to Centre to be discussed

RBI’s surplus tranfer to Centre to be discussed

🕔06:48, 7.May 2019

New Delhi, May 7  The 15th Finance Commission will meet the RBI Governor, banks and financial institutions in a two-day meet in Mumbai, from Wednesday to discuss the transfer of central bank’s surplus capital to the government, among other issues.

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RBI penalises five PPI issuers

RBI penalises five PPI issuers

🕔06:50, 4.May 2019

Mumbai, May 4  The Reserve Bank of India (RBI) on Friday imposed monetary penalty on five Prepaid Payment Instrument (PPI) issuers, including Vodafone m-pesa, for non-compliance of regulatory guidelines. Accordingly, the RBI has fined Vodafone m-pesa Rs 3.05 crore, while

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‘RBI Act should mandate disclosure of loan defaulters’

‘RBI Act should mandate disclosure of loan defaulters’

🕔13:06, 29.Apr 2019

Chennai, April 29  In view of the recent ruling of the Supreme Court, the government has to amend the Reserve Bank of India (RBI) Act sooner or later and publish the names of loan defaulters periodically, a top official of

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Ombudsman scheme extended to non deposit-taking NBFCs

Ombudsman scheme extended to non deposit-taking NBFCs

🕔07:25, 27.Apr 2019

New Delhi, April 27  The Reserve Bank of India (RBI) on Friday extended the “ombudsman scheme” for non-banking financial companies (NBFCs) to non deposit-taking NBFCs with asset size of at least Rs 100 crore. The decision comes after the central

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RBI may consider 25 bps cut again in H1: Kotak

RBI may consider 25 bps cut again in H1: Kotak

🕔13:54, 22.Apr 2019

New Delhi, April 22  The Reserve Bank of India could consider another 25 bps cut in 1HFY20 to address the domestic growth concerns, said a report from Kotak Economic Research. Monetary Policy Committee (MPC) would meet six times during 2019-20

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RBI issues Rs 50 notes bearing Governor Das’ signature

RBI issues Rs 50 notes bearing Governor Das’ signature

🕔06:52, 17.Apr 2019

Mumbai, April 17  The Reserve Bank of India (RBI) on Tuesday issued Rs 50 denomination banknotes bearing the signature of Governor Shaktikanta Das. “The design of these notes is similar in all respects to Rs 50 banknotes in Mahatma Gandhi

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Bank credit up 13.24% , deposits up 10% in FY19: RBI

Bank credit up 13.24% , deposits up 10% in FY19: RBI

🕔09:54, 12.Apr 2019

New Delhi, April 12  Signalling credit offtake, Reserve Bank of India data have shown banks have ended the 2018-2019 with record double digit disbursals for the second year consecutively after the under-5 per cent in FY17, which was the lowest

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RBI to take time to examine LVB-IHFL merger deal: Sources

RBI to take time to examine LVB-IHFL merger deal: Sources

🕔20:02, 10.Apr 2019

New Delhi, April 10  The Reserve Bank of India (RBI) may take more time to examine the Lakshmi Vilas Bank (LVB) and India Bulls Housing Finance Ltd (IHFL) merger deal, an official source said on Wednesday. “It (LVB-IHFL merger) may

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RBI may bar dual functions of rating agencies

RBI may bar dual functions of rating agencies

🕔11:38, 11.Mar 2019

New Delhi, March 11  The Reserve Bank of India may disallow credit rating agencies from the dual role of being advisor-cum-rating agencies for companies. The move aims to prevent such entities from making biased assessments about the financial condition of

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