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Banks raise margin protection, headroom issues on RBI’s rate cut transmission call

Banks raise margin protection, headroom issues on RBI’s rate cut transmission call

🕔07:08, 22.Feb 2019

New Delhi, Feb 22  Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday met PSU and private sector banks CEOs and MDs to discuss rate transmission and persuade them to pass on the advantages after taking note of the non-passing

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RBI board approves Rs 28,000-crore interim dividend to government

RBI board approves Rs 28,000-crore interim dividend to government

🕔07:45, 19.Feb 2019

New Delhi, Feb 19 (IANS) The Reserve Bank of India (RBI) board on Monday approved transfer Rs 28,000-crore interim dividend to the government ahead of the general elections to meet the welfare expenditures and the fiscal deficit breach. This is the

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Finance Minister to address RBI Central Board on Feb 18

Finance Minister to address RBI Central Board on Feb 18

🕔07:39, 15.Feb 2019

New Delhi, Feb 15  The Reserve Bank of India on Thursday said that Finance Minister Piyush Goyal will address its Central Board on February 18. In a late night statement, the RBI said that FM will address the Central Board

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SBI reduces rates on all home loans up to Rs 30 lakh

SBI reduces rates on all home loans up to Rs 30 lakh

🕔09:47, 9.Feb 2019

Mumbai, Feb 9  A day after the Reserve Bank of India (RBI) reduced a key lending rate, the State Bank of India (SBI) decided to cut interest rates on all home loans up to Rs 30 lakh. Rajnish Kumar, Chairman, SBI,

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RBI penalises Allahabad Bank, Corporation Bank

RBI penalises Allahabad Bank, Corporation Bank

🕔09:30, 9.Feb 2019

Mumbai, Feb 9 The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders Allahabad Bank and Corporation Bank over deficiencies in complying with various regulatory norms. In a regulatory filing to the BSE on Friday, the Allahabad

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Direct farm income payout to start before third week of February: Garg

Direct farm income payout to start before third week of February: Garg

🕔14:40, 8.Feb 2019

New Delhi, Feb 8  The first payout under the direct income scheme for farmers announced in the Interim Budget may be made even before the third week of February, says Economic Affairs Secretary Subhash Chandra Garg who sought to dismiss

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RBI raises collateral-free farm loan limit to Rs 1.6 lakh

RBI raises collateral-free farm loan limit to Rs 1.6 lakh

🕔18:32, 7.Feb 2019

Mumbai, Feb 7 In a major relief to farmers, the Reserve Bank of India (RBI) here on Thursday raised the collateral-free agriculture loans’ limit to Rs 1.6 lakh from Rs 1 lakh. “Keeping in view the overall inflation and rise in

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Loan interest costs set to fall as RBI cuts rate to 6.25%

Loan interest costs set to fall as RBI cuts rate to 6.25%

🕔15:00, 7.Feb 2019

Mumbai, Feb 7  In a surprise move that could bring down home and auto loans, the RBI on Thursday went the whole hog by not only lowering its key lending rate for commercial banks by 25 basis points (bps) to

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RBI penalises UCO Bank, Axis Bank and Syndicate Bank

RBI penalises UCO Bank, Axis Bank and Syndicate Bank

🕔11:22, 6.Feb 2019

Mumbai, Feb 6 The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders — UCO Bank, Axis Bank and Syndicate Bank — over deficiencies in complying with different regulatory norms. The RBI imposed a penalty of Rs 2

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RBI to assess status of manufacturing, services, infra sectors

RBI to assess status of manufacturing, services, infra sectors

🕔19:24, 21.Jan 2019

Mumbai, Jan 21  The Reserve Bank of India (RBI) on Monday initiated two quarterly surveys to examine the current situation including the job scenario in India’s manufacturing, services and infrastructure sectors. Findings of the two surveys — Industrial Outlook Survey (IOS),

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RBI slaps Rs 1-cr penalty on Bank of Maharashtra

RBI slaps Rs 1-cr penalty on Bank of Maharashtra

🕔11:17, 17.Jan 2019

Mumbai, Jan 17  The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Bank of Maharashtra for deficiencies in regulatory compliance. According to the RBI, the fine was imposed by an order dated January

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RBI launches survey on people’s retail payment habits

RBI launches survey on people’s retail payment habits

🕔10:36, 27.Dec 2018

Mumbai, Dec 27  The Reserve Bank of India (RBI) has launched a survey to understand the “Retail Payment Habits of Individuals” (SRPHi). According to the central bank, the survey will cover a sample of 6,000 individuals from different socio-economic background

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RBI is accountable, government runs country: Shaktikanta Das

RBI is accountable, government runs country: Shaktikanta Das

🕔18:00, 12.Dec 2018

Mumbai, Dec 12 Declaring that he would uphold the “autonomy, integrity and credibility” of the RBI, newly-appointed Governor Shaktikanta Das said on Wednesday that the government is resposible for running the country and the central bank is also accountable. Briefing reporters

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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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