Reserve Bank Of India
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RBI retains growth forecast at 7.2 per cent for current fiscal
Business | Aug 05, 2022, 12:53 PM ISTRBI monetary policy: The RBI expects growth in the first quarter of the current fiscal at 16.2 per cent, which will taper to 4 per cent by the fourth quarter.
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RBI likely to hike policy rates tomorrow to check inflation
Business | Aug 04, 2022, 11:32 PM ISTRBI rate hike: The Reserve Bank of India's rate-setting panel -- the Monetary Policy Committee -- is meeting to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
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RBI allows invoicing, payments for international trade in Indian Rupee
Business | Aug 03, 2022, 07:12 AM ISTRBI's composite financial inclusion index (FI-Index) capturing the extent of financial inclusion across the country rose to 56.4 in March 2022, showing growth across all parameters.
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RBI likely to raise key policy rate by 25-35 bps to check inflation: Experts
Business | Jul 31, 2022, 02:01 PM ISTThe Reserve Bank's rate-setting panel -- Monetary Policy Committee -- will meet on August 3 for three days to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
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RBI announces measures for international trade settlement in rupees
Business | Jul 11, 2022, 10:57 PM ISTApex exporters' body Federation of Indian Export Organisations (FIEO) said as per existing FEMA provisions, the final settlement has to be in free foreign exchange except for Nepal and Bhutan.
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HDFC and HDFC Bank merger proposal gets RBI nod
Business | Jul 05, 2022, 10:22 AM ISTThe merger proposal of HDFC and HDFC Bank remains subject to various statutory and regulatory approvals.
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RBI imposes Rs 1 cr penalty each on Kotak Mahindra Bank, IndusInd Bank
Business | Jul 05, 2022, 08:23 AM ISTThe RBI said the penalties are based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers.
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Mixed reaction to RBI article warning signs of stress due to high debt in several states
Business | Jun 18, 2022, 01:46 PM IST"The recent economic crisis in neighbouring Sri Lanka is a reminder of the critical importance of public debt sustainability. The fiscal conditions among states in India are showing warning signs of building stress," it had said.
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RBI not behind curve; tolerance of high inflation was necessity: Shaktikanta Das
Business | Jun 17, 2022, 04:18 PM ISTRBI Governor Shaktikanta Das said that the central bank in March felt that economic activity was above the pre-pandemic levels and decided to shift focus to curbing inflation.
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SBI hikes home loan interest rate; EMIs set to go up
Personal Finance | Jun 15, 2022, 10:40 AM ISTSBI Home Loan Interest Rate: SBI has revised by up to 0.20 per cent the MCLR, a move that will increase home, auto, and personal loan EMIs.
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SBI, PNB increase FD interest rates; Check how much return you will get
Personal Finance | Jun 14, 2022, 03:40 PM ISTSBI and PNB announced to hike FD interest rate days after the RBI ramped up efforts to control excess liquidity from the banking system.
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Fitch expects RBI to raise interest rates to 5.9% by December-end to tide over inflation
Business | Jun 14, 2022, 01:54 PM ISTLast month in an unscheduled policy announcement, the Reserve Bank of India (RBI) raised rates by 40 basis points to 4.4 per cent, and subsequently to 4.9 per cent last week.
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RBI much ahead in containing inflation: SBI report
Business | Jun 14, 2022, 01:39 PM ISTCore CPI also moderated in May to 6.09 per cent compared to 6.97 per cent in April, as per the SBI's research report 'Ecowrap'. "In recent times, there have been commentaries that have questioned whether RBI has been behind the curve in controlling inflation.
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Cryptocurrencies pose huge risks to financial stability: RBI Governor
Business | Jun 10, 2022, 09:05 PM ISTCryptos and other virtual digital assets are unregulated in India and are considered extremely risky.
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RBI Policy: Now, no OTP needed for auto-debit recurring payments upto Rs 15,000
Business | Jun 09, 2022, 04:25 PM ISTRBI Governor Shaktikanta Das on Wednesday said that the decision is aimed to further augment customer convenience and leverage the benefits available under the framework.
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UPI payment via credit card: How it will work
Personal Finance | Jun 09, 2022, 11:48 AM ISTUPI payment via credit card: Till now, only debit cards connected to savings bank accounts and current accounts are allowed to link up to the UPI platform.
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Sensex falls 215 points in volatile trade after RBI's rate hike; Nifty below 16,400
Market | Jun 08, 2022, 04:45 PM ISTThe 30-share BSE benchmark dropped 214.85 points or 0.39 per cent to settle at 54,892.49. The broader NSE Nifty declined 60.10 points or 0.37 per cent to finish at 16,356.25.
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RBI rate hike to burn bigger hole in aam aadmi's pocket: How much your EMI will increase - Details
Business | Jun 08, 2022, 07:07 PM ISTRBI's decision to hike the repo rate sets the stage clear for banks, housing finance companies and other lenders to hike the interest rate on all kinds of loans including home and auto.
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Will ensure availability of adequate liquidity for productive requirements of economy: RBI Governor
Business | Jun 08, 2022, 01:00 PM ISTRBI will remain focused on orderly completion of the government's borrowing programme.
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RBI allows credit cards to be linked with UPI platform
Business | Jun 08, 2022, 12:36 PM ISTUPI has become the most inclusive mode of payment in India, with over 26 crore unique users and 5 crore merchants onboarded on the platform, RBI Governor Shaktikanta Das said.