Reserve Bank Of India
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'123PAY': RBI launches UPI service for non-smartphones
Business | Mar 08, 2022, 04:47 PM ISTRBI Governor Shaktikanta Das said that UPI '123PAY' will allow India's 40 crore feature phone users to access the payment service.
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Bank Holidays March 2022: Banks to remain closed for up to 13 days next month | Full list
Business | Feb 28, 2022, 12:45 PM ISTThe RBI’s list of holidays falls into three categories. These are state-wise celebrations, religious holidays and festival celebrations.
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RBI Recruitment 2022: Apply for 950 Assistant posts | Check salary, eligibility details
Career | Mar 04, 2022, 10:14 AM ISTAs per the official notification, RBI Assistant Recruitment 2022 registrations will begin from February 17, 2022. The last date to submit the online application forms and payment of examination fees is March 8, 2022.
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Banning cryptocurrency perhaps most advisable choice open to India: RBI Deputy Governor
Business | Feb 14, 2022, 10:03 PM ISTWe have seen that crypto-technology is underpinned by a philosophy to evade government controls. Cryptocurrencies have specifically been developed to bypass the regulated financial system. These should be reason enough to treat them with caution, RBI Deputy Governor T Rabi Sankar said.
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Cryptocurrencies not legal right now in India, says Union minister Bhagwat Karad
India | Feb 12, 2022, 07:17 PM 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 | Feb 10, 2022, 11:54 AM 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 | Feb 09, 2022, 11:43 PM 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 | Feb 06, 2022, 12:31 PM 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 | Feb 02, 2022, 06:31 PM 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 | Jan 23, 2022, 12:11 PM 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 | Jan 13, 2022, 05:26 PM 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 | Dec 30, 2021, 01:54 PM 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 | Dec 27, 2021, 01:40 PM 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 | Dec 08, 2021, 03:45 PM 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 | Dec 08, 2021, 12:30 PM 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 | Dec 08, 2021, 10:46 AM 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 | Dec 03, 2021, 04:53 PM 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 | Nov 29, 2021, 08:35 PM 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 | Nov 16, 2021, 05:23 PM 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 | Nov 12, 2021, 02:10 PM ISTFinance Minister Nirmala Sitharaman also thanked PM Modi for the initiatives. Narendra Modi launched 2 innovative customer-centric initiatives of RBI today.