Reserve Bank Of India
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RBI to withdraw Rs 2,000 currency note from circulation but it will continue to be legal tender
Business | May 19, 2023, 07:52 PM ISTReserve Bank of India asked people to exchange Rs 2,000 at banks by September 30, 2023. The facility for exchange of Rs 2,000 bank notes up to the limit of Rs 20,000 at a time.
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RBI Grade B Officer 2023 Registration begins; 291 vacancies, apply till June 9
Career | May 11, 2023, 12:02 AM ISTRBI Grade B Officer Recruitment 2023: Eligible and interested candidates can fill in the RBI Grade B 2023 application form online through the official website-- rbi.org.in till June 9 (till 6 PM).
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RBI imposes Rs 1.73 crore penalty on HSBC for non-compliance with Indian norms
Business | May 08, 2023, 10:45 PM ISTThe Statutory Inspection for Supervisory Evaluation (lSE) of the bank was conducted by the RBI with reference to its financial position as of March 31, 2021, and the examination of the risk assessment report and all related correspondences pertaining to the same revealed, it noted.
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Reserve Bank of India likely to hike benchmark interest rate by 25 bps on April 6
Business | Apr 02, 2023, 04:06 PM ISTBenchmark Interest Rate: RBI is expected to hike the benchmark interest rate by 25 bps to bring down retail inflation and keep pace with global peers.
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RBI has allowed banks from 18 countries to open rupee accounts for trade: Govt
Business | Mar 15, 2023, 03:42 PM ISTThe Reserve Bank of India has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees. This decision is expected to boost India's exports and help avoid wartime international sanctions.
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Inbound travellers from G20 countries visiting India can avail UPI facility at 3 airports: RBI
Business | Feb 21, 2023, 09:33 PM ISTThe RBI said that the eligible travellers would be issued Prepaid Payment Instruments (PPI) wallets linked to UPI for making payments at merchant outlets.
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'Indian banking system stronger, larger to be impacted'- How RBI Governor S Das reacted to Adani row
Business | Feb 08, 2023, 02:07 PM ISTReserve Bank Governor Shaktikanta Das rejected speculations about Indian banks may have exposure to ongoing market turbulence prompted by the Adnai row.
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Home, car loan EMIs set to rise again as RBI hikes interest rate by 25 BPS to 6.5%
Business | Feb 08, 2023, 12:17 PM ISTHome, car loan EMIs set to rise again as RBI hiked interest rate by 25 BPS to 6.5%
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"Major risk looming large": RBI's warning to Himachal, Rajasthan over reverting to old pension
Business | Jan 17, 2023, 09:03 PM ISTThe observations in the RBI's Report titled 'State Finances: A Study of Budgets of 2022-23' comes in the backdrop of Congress-ruled Himachal Pradesh becoming the latest state to announce reverting to the Dearness Allowance (DA) linked Old Pension Scheme (OPS).
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Retail inflation falls to 1 year low of 5.72 per cent in December 2022
Business | Jan 12, 2023, 06:19 PM ISTRetail inflation in December 2022: The Consumer Price Index based retail inflation was at 5.88 per cent in November 2022 and 5.66 per cent in December 2021.
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Indian economy presents a picture of resilience amid global shocks: RBI Governor
Business | Dec 29, 2022, 06:31 PM ISTAmid global shocks and challenges, the Indian economy presents a picture of resilience and the regulators are ready to take appropriate actions to preserve financial stability, RBI Governor Shaktikanta Das said.
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'RBI stopped printing Rs 2,000 notes 3 years back,' says BJP MP Sushil Modi, raises debate
India | Dec 12, 2022, 06:41 PM ISTRBI stopped printing the Rs 2,000 currency notes 3 years back. There is information that people have hoarded it and it is being used for terror funding, drug trafficking and black money, Sushil Modi said.
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RBI announces launch of first pilot for retail digital rupee
Business | Nov 29, 2022, 04:42 PM ISTThe RBI has said the e₹-R would offer features of physical cash like trust, safety and settlement finality.
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RBI to launch first pilot of Digital Rupee today
Business | Nov 01, 2022, 12:18 AM ISTThe Reserve Bank of India (RBI) will launch first pilot of Digital Rupee for the wholesale segment on November 1, 2022 (Tuesday), a statement said on Monday.
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RBI issues consolidated guidelines on unhedged foreign currency exposure
Business | Oct 12, 2022, 08:21 AM ISTReserve Bank of India news: In the wake of a bank seeking clarification on various aspects related to UFCE, the RBI said a comprehensive review of the extant guidelines has been undertaken and all the existing instructions on the subject have been consolidated.
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New rules for debit, credit cards kick in with tokenisation from today | FULL DETAILS
Business | Oct 01, 2022, 12:58 PM ISTDebit credit cards tokenisation: On September 30, RBI said about 35 crore cards have been tokenised and the system is ready for the new norms which will set in from October 1. The number of tokenised cards had gone up from 19.5 crore tokens created in June, according to data shared by RBI earlier.
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Rupee falls 10 paise to 79.67 against US dollar in early trade
Business | Sep 12, 2022, 10:54 AM ISTAt the interbank foreign exchange market, the rupee opened at 79.66 against the greenback, then fell to 79.67, registering a decline of 10 paise over its last close. In initial deals, the local unit also touched 79.64 against the dollar.
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RBI needs to be more synchronised to handle inflation: FM Sitharaman
Business | Sep 08, 2022, 12:46 PM ISTInflation management cannot be singularly left to the monetary policy, which has proved totally ineffective in many countries, Sitharaman said.
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RBI mulls setting up of fraud registry to check banking frauds
Business | Aug 29, 2022, 06:50 PM ISTPayment system participants will be provided access to this registry for near-real time fraud monitoring. The aggregated fraud data will be published to educate customers on emerging risks.
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RBI likely to slow down pace of rate hikes, may raise rates by 0.25 pc in Sept: Deutsche Bank
Business | Aug 22, 2022, 09:30 PM ISTRBI rate hike: In a report, the Germany-based bank said the RBI will respond with a slower pace of rate hikes from here, basing the expectation on the recently released minutes of the last meeting of the Monetary Policy Committee (MPC).