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Tag "reserve bank of india"

RBI to come out with guidelines for e-commerce

RBI to come out with guidelines for e-commerce

🕔12:19, 4.Dec 2014

Mumbai, Dec 4  The Reserve Bank of India (RBI) will soon issue guidelines on electronic commerce (e-commerce) transactions, a senior official said here Wednesday. Not elaborating on the concerns the RBI has on e-commerce transactions, RBI deputy governor H.R. Khan

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EMIs to remain high, as RBI keeps lending rates intact

EMIs to remain high, as RBI keeps lending rates intact

🕔13:05, 3.Dec 2014

Mumbai, Dec 3  High interest rates on automobile and house loans will continue as the Reserve Bank of India (RBI) Tuesday decided to keep key interest rates unchanged in its fifth bi-monthly policy review of the current fiscal. RBI Governor

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RBI allows banks to extend loan against long term bonds

RBI allows banks to extend loan against long term bonds

🕔09:56, 28.Nov 2014

Chennai, Nov 28  The Reserve Bank of India (RBI) allowed banks to extend loans to individuals against long term bonds issued by them so as to provide liquidity to the retail investors. The loan against the bonds could be given

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RBI revises norms for non-banking financial companies

RBI revises norms for non-banking financial companies

🕔12:01, 11.Nov 2014

New Delhi, Nov 11  The Reserve Bank of India (RBI) Monday issued the revised Regulatory Framework for Non-banking Finance Companies (NBFCs), with a view to streamlining the regulations for the sector, an official statement said. Explaining the rationale behind the

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India to emulate Kenya for mobile payment system

India to emulate Kenya for mobile payment system

🕔10:48, 17.Oct 2014

Hyderabad, Oct 17  India is developing a national payment system by emulating Kenya’s successful model, said Reserve Bank of India (RBI) Governor Raghuram Rajan. Rajan, who met Kenya’s Central Bank Governor Njuguna N’dungu here Thursday, said the African country has

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RBI governor promises KCR to look into fresh farm loans

RBI governor promises KCR to look into fresh farm loans

🕔10:11, 16.Oct 2014

Hyderabad, Oct 16  Reserve Bank of India Governor Raghuram Rajan assured the Telangana government that he will soon sort out the issue relating to banks not pushing fresh farm loans to farmers. Chief Minister K. Chandrasekhar Rao raised this issued

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RBI governor wins Euromoney award

RBI governor wins Euromoney award

🕔10:02, 16.Oct 2014

Mumbai, Oct 16  India’s central bank Wednesday said its governor Raghuram Rajan has been conferred Euromoney’s ‘Central Bank Governor’ of the year award in Washington on Oct 10. According to Reserve Bank of India (RBI), Euromoney, while announcing the award,

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RBI holds key rates, policy to be inflation-data driven

RBI holds key rates, policy to be inflation-data driven

🕔11:04, 1.Oct 2014

Mumbai, Oct 1  In its fourth bi-monthly monetary policy, India’s central bank Tuesday kept key interest rates unchanged in a bid to maintain financial and price stability with Governor Raghuram Rajan saying further policy will be contingent on relevant data

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Monetary policy will be inflation data-contingent: RBI

Monetary policy will be inflation data-contingent: RBI

🕔11:03, 1.Oct 2014

Mumbai, Oct 01  Given that inflation is expected to level at around 7 percent by 2016, the Reserve Bank’s monetary policy going ahead will be contingent on relevant data coming in, RBI Governor Raghuram Rajan said Tuesday after announcing the

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RBI keeps key rates unchanged; markets marginally high

RBI keeps key rates unchanged; markets marginally high

🕔13:02, 30.Sep 2014

Mumbai, Sep 30  In its fourth bi-monthly monetary policy, the Reserve Bank (RBI) Tuesday kept key interest rates unchanged in a bid to maintain financial and price stability. The Indian equities markets did not react much to the status quo,

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Banks will restructure coal assets post SC deallocations: Official

Banks will restructure coal assets post SC deallocations: Official

🕔09:39, 30.Sep 2014

Mumbai, Sep 30  Banks will approach the Reserve Bank (RBI) for restructuring coal assets after the Supreme Court order cancelling coal block allocations that may impact such assets’ quality, the finance ministry’s topmost official said Monday. The apex court last

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RBI unlikely to cut rates Tuesday as inflation high: Report

RBI unlikely to cut rates Tuesday as inflation high: Report

🕔10:24, 29.Sep 2014

New Delhi, Sep 29  With inflation still high, the Reserve Bank at its fourth bi-monthly policy review Tuesday is unlikely to cut interest rates, Care Rating has said in a report. “Given the economic parameters of improving growth of 5.7

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RBI governor counsels keeping FII debt limits

RBI governor counsels keeping FII debt limits

🕔10:05, 17.Sep 2014

Mumbai, Sep 17  Reserve Bank of India (RBI) Governor Raghuram Rajan Tuesday counselled continuing with limits on overseas investments in debt to curtail the country`s reliance on foreign debt. “We are limiting our reliance on foreign debt. It’s important we

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RBI governor calls for diesel deregulation at earliest

RBI governor calls for diesel deregulation at earliest

🕔10:03, 16.Sep 2014

Mumbai, Sep 16 The country should take advantage of international oil prices, that have fallen rapidly below the $100 per barrel-mark, to deregulate diesel prices, Reserve Bank of India (RBI) Governor Raghuram Rajan said Monday. “Lower crude oil prices are

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August inflation eases to 7.8 percent, July IIP marginally up

August inflation eases to 7.8 percent, July IIP marginally up

🕔11:00, 13.Sep 2014

New Delhi, Sep 13 While inflation abated mildly in August, data released Friday showed industrial output was flat in July pointing to the need for a rate cut by the Reserve Bank of India to spur industrial activity. Industrial activity,

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RBI right in declaring guarantor as wilful defaultor: Expert

RBI right in declaring guarantor as wilful defaultor: Expert

🕔11:05, 11.Sep 2014

Chennai, Sep 11  Lenders can declare a loan guarantor as wilful defaulter when the primary borrower is declared so, said an advocate in the apex court. Referring to the circular issued by the Reserve Bank of India (RBI), D. Varadarajan,

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RBI likely to hold rates in policy review this month: Report

RBI likely to hold rates in policy review this month: Report

🕔12:20, 6.Sep 2014

New Delhi, Sep 6  The Reserve Bank of India (RBI) is expected to hold its key interest rate in its policy review due on Sep 30 and is expected to lower rates from February, a Bank of America (BofA)-Merrill Lynch

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India’s foreign reserves up $60.5 mn

India’s foreign reserves up $60.5 mn

🕔12:18, 6.Sep 2014

Mumbai, Sep 6  India’s foreign exchange reserves grew by $60.5 million to $318.64 billion due to an increase in the currency assets for the week ended Aug 29, Reserve Bank of India (RBI) data showed Friday. The reserves had declined

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Private non-financial firms’ sales contracted in 2013-14: RBI

Private non-financial firms’ sales contracted in 2013-14: RBI

🕔14:41, 2.Sep 2014

Chennai, Sep 2  The total sales of non-financial private corporate sector in 2013-14 declined due to lower sales growth in the manufacturing sector while the services sector logged sales growth, according to a study by the Reserve Bank of India

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RBI revises Basel III norms, cuts capital maturity to 5 years

RBI revises Basel III norms, cuts capital maturity to 5 years

🕔14:04, 2.Sep 2014

New Delhi, Sep 2  The Reserve Bank of India (RBI) has issued the revised and final guidelines for raising non-equity regulatory capital instruments by banks required by the Basel-III norms, under which lenders can issue tier-2 capital with a minimum

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