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Tag "reserve bank of india"

Shaktikanta Das takes over as RBI Governor

Shaktikanta Das takes over as RBI Governor

🕔14:00, 12.Dec 2018

New Delhi, Dec 12 Former Economic Affairs Secretary Shaktikanta Das on Wednesday assumed charge as RBI Governor after Urjit Patel abruptly resigned from the post amidst a tiff with the government on the central bank’s autonomy. “Assumed charge as Governor, Reserve

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Urjit Patel quits as RBI Governor, setting off a crisis

Urjit Patel quits as RBI Governor, setting off a crisis

🕔19:04, 10.Dec 2018

Mumbai, Dec 10  The Reserve Bank of India (RBI) Governor Urjit Patel resigned from his post on Monday with immediate effect, citing “personal reasons”, setting of a major crisis in India’s politico-economic sphere. Patel’s resignation comes in the backdrop of

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RBI to form panel on MSMEs, have external benchmarking of floating rate loans

RBI to form panel on MSMEs, have external benchmarking of floating rate loans

🕔22:09, 5.Dec 2018

Mumbai, Dec 5 (IANS) With finance for the MSME sector an ongoing key issue between the Centre and the central bank, the RBI on Wednesday announced it is constituting an expert committee to identify causes and proposed long-term solutions for the

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RBI keeps policy rate intact; stance unchanged

RBI keeps policy rate intact; stance unchanged

🕔21:57, 5.Dec 2018

Mumbai, Dec 5 (IANS) In its penultimate monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Wednesday kept its key lending rate for commercial banks unchanged at 6.5 per cent for the second time in succession.

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RBI likely to maintain repo rate in Wednesday’s review

RBI likely to maintain repo rate in Wednesday’s review

🕔10:00, 4.Dec 2018

Mumbai, Dec 4  The RBI is expected to keep its key interest rate unchanged at its penultimate monetary policy review of the fiscal on Wednesday at a time when inflation – the central bank’s key concern – has softened, as

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RBI to pump liquidity worth Rs 8,000 cr on Nov 22

RBI to pump liquidity worth Rs 8,000 cr on Nov 22

🕔09:33, 20.Nov 2018

Mumbai, Nov 20  The Reserve Bank of India (RBI) would inject Rs 8,000 crore into the market by purchasing government securities on November 22, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial services

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RBI to pump liquidity worth Rs 12,000 cr on Nov 15

RBI to pump liquidity worth Rs 12,000 cr on Nov 15

🕔23:49, 13.Nov 2018

Mumbai, Nov 13 (IANS) The Reserve Bank of India (RBI) would inject Rs 12,000 crore into the market by purchasing government securities on November 15, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial

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RBI to inject Rs 40,000 cr liquidity in November

RBI to inject Rs 40,000 cr liquidity in November

🕔08:00, 27.Oct 2018

Mumbai, Oct 27  The Reserve Bank of India on Friday said it would inject Rs 40,000 crore into the market by purchasing government securities in November 2018. The decision comes amid concerns of a liquidity crisis in the economy after

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RBI eases norms to increase liquidity flow for NBFC sector

RBI eases norms to increase liquidity flow for NBFC sector

🕔14:09, 19.Oct 2018

Mumbai, Oct 19  The Reserve Bank of India (RBI) on Friday came out with new measures to increase the liquidity flow to non-banking financial companies (NBFCs) and housing finance companies (HFCs). The move comes amid concerns of a credit crunch

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India refuses to relax data localisation deadline, digital payment firms in a bind

India refuses to relax data localisation deadline, digital payment firms in a bind

🕔19:54, 15.Oct 2018

New Delhi, Oct 15  With the government on Monday refusing to relax the Reserve Bank of India’s (RBI) October 15 deadline for data localisation, the road ahead has become tough for global digital payment providers who have sought more time

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RBI unlikely to hike rates in rest of FY19: SBI report

RBI unlikely to hike rates in rest of FY19: SBI report

🕔10:11, 15.Oct 2018

Mumbai, Oct 15  The Reserve Bank of India (RBI) is not expected to hike key lending rates in the current fiscal, a SBI Ecowrap report said on Saturday. “CPI inflation marginally increased to 3.77 per cent in September 2018. Interestingly,

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RBI to help IL&FS restore its solvency

RBI to help IL&FS restore its solvency

🕔18:18, 5.Oct 2018

Mumbai, Oct 5  Reserve Bank of India (RBI) Governor Urjit Patel on Friday said that the central bank will engage with and support debt-stricken IL&FS in its efforts to salvage the infrastructure financing company. “The RBI will engage with the

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RBI slaps Rs 5 crore penalty on Karur Vysya Bank

RBI slaps Rs 5 crore penalty on Karur Vysya Bank

🕔08:00, 29.Sep 2018

Mumbai, Sep 29  The Reserve Bank of India (RBI) has imposed a penalty of Rs 5 crore on Karur Vysya Bank for non-compliance of its directives. According to a RBI statement on Friday, the penalty was imposed for non-compliance with

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RBI likely to hike repo rate by 25 bps: SBI report

RBI likely to hike repo rate by 25 bps: SBI report

🕔06:35, 28.Sep 2018

Mumbai, Sep 28  The Reserve Bank of India (RBI) is expected to hike its key lending rate by 25 basis points in October, a SBI Ecowrap report said on Thursday. According to the report, the expected rate hike might not

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RBI to ease SLR norms from October to induce liquidity

RBI to ease SLR norms from October to induce liquidity

🕔13:42, 27.Sep 2018

Mumbai, Sep 27  The Reserve Bank of India will ease the Statutory Liquidity Ratio (SLR) norms from October to induce liquidity into the financial system, amid concerns of a credit crunch. SLR is a reserve requirement that commercial banks must

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RBI can sell USD 25 bn more to arrest rupee fall: SBI report

RBI can sell USD 25 bn more to arrest rupee fall: SBI report

🕔10:41, 19.Sep 2018

Mumbai, Sep 19  The Reserve Bank of India (RBI) should intervene in both spot and forward markets to arrest Indian rupee’s depreciation, suggested a State Bank of India (SBI) Ecowrap report on Tuesday. As per the report, during the June 2008

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RBI slaps Rs 1 cr penalty each on three public sector banks

RBI slaps Rs 1 cr penalty each on three public sector banks

🕔07:57, 8.Sep 2018

Mumbai, Sep 8  The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore each on three public sector banks for non-compliance with its directions on “Fraud – Classification and Reporting”. According to the RBI, the penalty was

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RBI employees withdraw two-day strike

RBI employees withdraw two-day strike

🕔10:49, 4.Sep 2018

Mumbai, Sep 4  The Reserve Bank of India (RBI) employee unions on Monday deferred their two-day mass casual leave planned for September 4-5 after the bank management sought “some time” to consider their demands. “As responsible and reasonable trade unions,

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Rupee hits record low against US dollar; recovers a bit

Rupee hits record low against US dollar; recovers a bit

🕔15:31, 14.Aug 2018

Mumbai, Aug 14  Fears over a rise in global protectionist measures, along with a strong US economy, dragged the Indian rupee to a fresh intra-day low of over 70 against the US dollar on Tuesday before recovering by a fraction

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RBI hikes key lending rate by 25 basis points to 6.5%

RBI hikes key lending rate by 25 basis points to 6.5%

🕔14:58, 1.Aug 2018

Mumbai, Aug 1  Continuing with the reversal of accomodation begun in June, the RBI on Wednesday again hiked its key lending rate by 25 basis points to bring the repo to 6.50 per cent citing upside risks to inflation. Addressing

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