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Tag "reserve bank of india"

RBI awaits rate-cuts by commercial lenders

RBI awaits rate-cuts by commercial lenders

🕔11:20, 5.Aug 2015

Mumbai, Aug 5  Ignoring the clamour for an easing of monetary policy, India’s central bank on Tuesday kept its key lending rates unchanged, sticking to its stand that further cuts can only be effected if commercial lenders pass on the

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RBI has decided to evaluate earlier rate cuts: Moody’s

RBI has decided to evaluate earlier rate cuts: Moody’s

🕔15:18, 4.Aug 2015

Chennai, Aug 4 Global credit rating agency Moody’s Investors Service on Tuesday said the Reserve Bank of India (RBI) has decided to keep the policy rate at 7.25 percent and evaluate the impact of 75 basis points of interest rate

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RBI governor likely to hold interest rates

RBI governor likely to hold interest rates

🕔15:52, 3.Aug 2015

New Delhi, Aug 3  The Reserve Bank of India (RBI) is widely expected to hold interest rates at its monetary policy review on Tuesday. According to the Export-Import Bank of India, the rising trend in inflation seen over the last

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Greece issue not greasy for India: RBI governor

Greece issue not greasy for India: RBI governor

🕔10:17, 3.Jul 2015

Chennai, July 3  India’s exposure to cash-strapped Greece was very limited and the central government was in talks with the central bank on providing additional capital to public sector banks, a top Reserve Bank of India (RBI) official said on

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Deadline to exchange pre-2005 currency notes extended

Deadline to exchange pre-2005 currency notes extended

🕔11:22, 29.Jun 2015

New Delhi, June 29  The Reserve Bank of India has extended the deadline for exchanging pre-2005 currency notes of various denominations, including Rs.500 and Rs.1,000, by six months till December-end. “The Reserve Bank of India has extended the date for

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State-run banks will need more capital to meet adequacy norms: RBI

State-run banks will need more capital to meet adequacy norms: RBI

🕔11:03, 27.Jun 2015

New Delhi, June 27  The Reserve Bank of India said on Friday that state-run banks are adequately capitalised, but would need additional funds to comply with international capital adequacy norms in the future. “Right now the banks are adequately capitalised.

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RBI allows banks to control company if debt restructuring fails

RBI allows banks to control company if debt restructuring fails

🕔11:53, 9.Jun 2015

Mumbai, June 9  The Reserve Bank of India (RBI) on Monday allowed banks to recast a company’s debt under a “strategic debt restructuring” (SDR) scheme wherein the lender must hold 51 percent or more of the equity after the debt-for-share

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Some new banking licences by August, says Rajan

Some new banking licences by August, says Rajan

🕔13:47, 2.Jun 2015

Mumbai, June 2  The first set of new banking licences will be issued by August, taking the number of such private financial institutions operating in the country to more than 12. “I hope to announce at least one set of

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Inflation not major challenge, says Jaitley

Inflation not major challenge, says Jaitley

🕔15:32, 21.May 2015

New Delhi, May 21  With the Reserve Bank of India’s monetary policy review due on June 2, Finance Minister Arun Jaitley has said that inflation will not be a significant challenge though a below-average monsoon could possibly impact food prices.

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RBI directs banks to include ‘third gender’ in forms

RBI directs banks to include ‘third gender’ in forms

🕔11:19, 24.Apr 2015

Chennai, April 23  The Reserve Bank of India (RBI) on Thursday directed banks to include ‘third gender’ in all forms and applications enabling transgenders to avail banking services. Citing the Supreme Court judgment in the National Legal Services Authority vs

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Payment bank licence to be game changer: RBI official

Payment bank licence to be game changer: RBI official

🕔11:58, 22.Apr 2015

New Delhi, April 22  RBI said the issuance of payment bank licence would be a game changer in the realm of remittances and bill payments with potential collaborations between telecom companies and banks. Speaking at the ninth edition of the

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Indian banking sector to change in two years time: Rajan

Indian banking sector to change in two years time: Rajan

🕔10:59, 11.Apr 2015

Pune, April 11  The Indian banking sector is all set to see a sea change in next two years with several new institutions and existing government banks undergoing a great change, RBI governor Raghuram Rajan said on Friday. “In next

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Slim chance of RBI rate cut: Experts

Slim chance of RBI rate cut: Experts

🕔11:30, 7.Apr 2015

Mumbai, April 7  Financial industry experts on Monday ruled out any relief from high interest rates in the upcoming monetary policy review by the apex bank scheduled for April 7. The Reserve Bank of India is scheduled to announce its

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RBI’s first policy review of fiscal on Tuesday

RBI’s first policy review of fiscal on Tuesday

🕔11:24, 6.Apr 2015

Mumbai, April 6  The Reserve Bank of India (RBI) is to announce its first bi-monthly monetary policy review of the current fiscal on Tuesday, when it is widely expected to leave the repo rate, at which it lends to commercial

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PM urges RBI to prepare roadmap for ‘financial inclusion’ by 2035

PM urges RBI to prepare roadmap for ‘financial inclusion’ by 2035

🕔15:08, 2.Apr 2015

Mumbai, April 2  Prime Minister Narendra Modi on Thursday urged the Reserve Bank of India (RBI) to prepare a road-map for “financial inclusion” ahead of its centenary year in 2035. “The RBI will be completing 100 years in 2035 and

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RBI unlikely to change repo rate at policy review

RBI unlikely to change repo rate at policy review

🕔13:50, 2.Apr 2015

Mumbai, April 2 The Reserve Bank of India (RBI) is widely expected to leave the repo rate, at which it lends to commercial banks, unchanged at 7.50 percent at its first bi-monthly monetary policy review of the new fiscal on

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RBI’s pincer move to cut bank loan limit for corporates

RBI’s pincer move to cut bank loan limit for corporates

🕔11:32, 31.Mar 2015

Mumbai, March 31  India’s corporate sector may face a double whammy if the Reserve Bank of India goes ahead with its proposed norms on the exposure of bank credit to the corporate sector. As per a white paper circulated to

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Rajan for independent public debt management agency

Rajan for independent public debt management agency

🕔10:16, 23.Mar 2015

New Delhi, March 23  Reserve Bank of India Governor Raghuram Rajan advocated keeping the proposed public debt agency independent of the government as well as the RBI to ensure fiscal discipline. “Public Debt Management Agency as a professional organisation, independent

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Revolutionary budget sparks Rajan to cut rates

Revolutionary budget sparks Rajan to cut rates

🕔14:23, 5.Mar 2015

Mumbai, March 5  The second unscheduled cut on Wednesday – within two months – in the repo rate at which the Reserve Bank of India (RBI) lends to commercial banks was not as unexpected as the first in January. Indeed,

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‘SBI will cut interest rate based on evolving circumstances’

‘SBI will cut interest rate based on evolving circumstances’

🕔14:07, 4.Mar 2015

Mumbai, March 4  India’s largest mortgage lender State Bank of India (SBI) would decide on reducing its interest rates on the basis of emerging circumstances, a top official said Wednesday. Welcoming the Reserve Bank of India (RBI) decision to cut

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