Reserve Bank Of India
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Cryptocurrencies not legal right now in India, says Union minister Bhagwat Karad
India | February 12, 2022 19:17 ISTThe Reserve Bank of India and the Union government have not given any sort of recognition to cryptocurrencies and, therefore, they are not legal in the country right now, the Union minister of state for finance, who had come here to attend a function, told reporters.
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RBI keeps repo rate unchanged at 4% for 10th time in a row; FY23 GDP growth pegged at 7.8%
Business | February 10, 2022 11:54 ISTThis is the tenth consecutive time since the rate remains unchanged. The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.
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Finance minister Nirmala Sitharaman to address RBI board on February 14
Business | February 09, 2022 23:43 ISTThe meeting has been scheduled for February 14 where she would be addressing the board members and talk about announcements made in the Budget to perk up growth hit by three waves of COVID-19, sources said.
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India's digital currency to debut by early 2023: Government source
Business | February 06, 2022 12:31 ISTA top government source, who wished not to be identified said, the digital currency issued by the RBI would be numbered in units, just like every fiat currency has an unique number.
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Will Bitcoin, Ethereum, NFT become legal tender? Here's what Govt says
Business | February 02, 2022 18:31 ISTBitcoin, Ethereum, or NFT will never become legal tender. Crypto assets are assets whose value will be determined between two people. You can buy gold, diamond, crypto, but that will have not have the value authorization by the government, Finance Secretary said.
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'Some bright spots, number of very dark stains': Raghuram Rajan on Indian economy
Business | January 23, 2022 12:11 ISTKnown for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic.
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RBI likely to change policy stance, hike interest rates by 100 basis points this year
Business | January 13, 2022 17:26 ISTDespite GDP and industrial growth rates being fragile and volatile, the RBI is likely to start raising the policy rate in the near future by up to 100 bps in 2022.
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Private cryptocurrencies pose risk, prone to frauds, illegal acts: RBI report
Business | December 30, 2021 13:54 ISTAs per the cryptocurrencies pose immediate risks of frauds, to anti-money-laundering efforts, and fight aginst terror financing.
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RBI says RBL Bank's financial position 'satisfactory'; assures depositors, stakeholders
Business | December 27, 2021 13:40 ISTThe statement from the RBI comes amid RBL Bank's Vishawvir Ahuja stepping down as MD & CEO of the bank, and the lender appointing Rajeev Ahuja as the interim Managing Director and Chief Executive Officer of the bank with immediate effect.
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RBI to soon float paper on reasonableness of charges on transactions via digital payments
India | December 08, 2021 15:45 ISTEntities involved in providing digital payment services incur costs, which are generally recovered from the merchant or customer or is borne by one or more of the participants.
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RBI retains growth forecast for current fiscal at 9.5 per cent
Business | December 08, 2021 12:30 ISTRBI Governor Shaktikanta Das said managing a durable, strong and inclusive recovery is the central bank's mission.
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RBI keeps lending rates unchanged at 4% for ninth time in a row
Business | December 08, 2021 10:46 ISTThis is the ninth consecutive time since the rate remains unchanged. The RBI had last revised the policy rate on May 22 last year.
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RBI Alert! Soon you'll have to pay more for ATM cash withdrawal | Deets inside
Business | December 03, 2021 16:53 ISTThe Reserve Bank of India has announced that the cash withdrawal charges on ATMs will be hiked from 1 January 2022.
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RBI imposes 1 crore penalty on Union Bank | Details
Business | November 29, 2021 20:35 ISTThe directions were contained in 'RBI (Fraud-Classification & Reporting by commercial banks & select FIs) Directions 2016', and 'Guidelines on Sale of Stressed Assets by Banks'.
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India has potential to grow at reasonably high pace in post-pandemic scenario: RBI Governor
Business | November 16, 2021 17:23 ISTI firmly believe that India has the potential to grow at a reasonably high pace in the post-pandemic scenario, said Reserve Bank of India Governor Shaktikanta Das.
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New RBI schemes will give impetus to inclusive, responsive financial system: Shaktikanta Das
Business | November 12, 2021 14:10 ISTFinance Minister Nirmala Sitharaman also thanked PM Modi for the initiatives. Narendra Modi launched 2 innovative customer-centric initiatives of RBI today.
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PM Modi launches RBI schemes to ease access to money markets for small investors
News | November 12, 2021 12:24 ISTPrime Minister Narendra Modi on Friday launched Reserve Bank of India's two innovative customer-centric initiatives. These initiatives are the RBI Retail Direct Scheme and the Reserve Bank - Integrated Ombudsman Scheme.
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Will increase investment avenues, says PM Modi as he launches RBI's 2 innovative schemes
India | November 12, 2021 11:54 ISTPM Modi said that RBI's two innovative customer-centric initiatives will increase investment avenues, make accessing capital market easier and safer.
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PM Modi to launch RBI's retail direct, integrated ombudsman schemes on Friday
Business | November 11, 2021 11:28 ISTThe PMO said the RBI Retail Direct Scheme is aimed at enhancing access to the government securities market for retail investors.
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Bank Holidays November 2021: Banks to remain closed for up to 17 days | Check full list
Business | November 02, 2021 19:45 ISTBank Holidays in November 2021: In some states, banks will be closed for two consecutive days, and in some others, for three days in November.
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