Reserve Bank Of India
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RBI bars MPs, MLAs from holding MD post in urban cooperative banks
Business | Jun 28, 2021, 08:26 AM ISTThe RBI has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of MD or whole-time director in urban cooperative banks.
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RBI hunts for entity that can develop multimedia publicity material for awareness campaign
Business | Jun 27, 2021, 02:57 PM ISTThe pan-India campaign to educate the general public about the essential rules and regulations will be launched in Hindi, Assamese, Bangla, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Sindhi, Tamil, Telugu and Urdu besides English.
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RBI imposes Rs 11 lakh penalty on THESE banks
Business | Jun 15, 2021, 09:44 PM ISTThe RBI said the penalties have been imposed based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered by the two lenders with their customers.
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RBI bans DHFL from taking deposits under Pirmal management
Business | Jun 15, 2021, 06:49 PM ISTThe Reserve Bank has revoked the deposit-taking status of Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a non-deposit taking housing finance company, before approving the Piramal group's bid to take over it towards the end of the resolution process.
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No more space for monetary steps, tough task ahead for RBI: SBI Report
Business | Jun 15, 2021, 10:08 AM ISTSBI Ecowrap report has suggested that the space for monetary accommodation is over, and the Reserve Bank of India (RBI) will face multiple challenges in terms of boosting India's growth rate.
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RBI extends risk-based internal audit system to housing finance companies
Business | Jun 11, 2021, 07:11 PM ISTIn February this year, the RBI had issued a circular mandating the RBIA framework for select non-banking financial companies (NBFCs) and urban co-operative banks by March 31, 2022.
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RBI Deputy Governor MK Jain gets 2-year extension
Business | Jun 09, 2021, 11:15 PM IST"The Central Govt has re-appointed Shri Mahesh Kumar Jain as Dy Governor, RBI for a period of 2 years with effect from June 22, 2021, or until further orders, whichever is earlier, upon completion of his existing term on June 21, 2021," the central bank said in a statement.
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RBI imposes Rs 2 lakh penalty on THIS bank
Business | Jun 08, 2021, 10:05 PM ISTThe RBI said the penalty has been imposed for non-compliance with RBI directions on 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)' and 'Depositor Education and Awareness Fund Scheme 2014'.
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RBI imposes Rs 6 crore penalty on Bank of India, Punjab National Bank
Business | Jun 08, 2021, 10:29 AM ISTRBI has imposed penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms.
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RBI to soon clarify on new auditor appointment norms
Business | Jun 04, 2021, 04:58 PM ISTAmidst the rising criticism of its recent circular on appointing auditors by large financial institutions, the Reserve Bank on Friday said it will shortly issue a set of clarifications that various stakeholders have sought.
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NACH to be available on all days from August 1: RBI
Business | Jun 04, 2021, 03:44 PM ISTNACH facilitates one-to-many credit transfers such as payment of dividend, interest, salary and pension. It also facilitates collection of payments pertaining to electricity, gas, telephone, water, periodic instalments towards loans, investments in mutual funds and insurance premium
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Look forward to repo rate cut by RBI in future: India Inc
Business | Jun 04, 2021, 02:37 PM ISTRBI decided to leave the benchmark interest rate unchanged at 4 per cent, but maintained an accommodative stance as the economy faces the brunt of the second COVID wave
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RBI announces liquidity measures for sectors hit hard by COVID-19
Business | Jun 04, 2021, 02:28 PM ISTUnder the scheme, banks can provide fresh lending support to hotels and restaurants; tourism – travel agents, tour operators and adventure/heritage facilities; aviation ancillary services – ground handling and supply chain
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RBI lowers GDP growth projection to 9.5 pc for 2021-22
Business | Jun 04, 2021, 12:30 PM ISTThe Reserve Bank on Friday lowered the country's growth projection for the current financial year to 9.5 percent from 10.5 percent.
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Reserve Bank to buy govt securities worth Rs 1.20 lakh cr under G-SAP 2.0
Business | Jun 04, 2021, 12:21 PM ISTUnder G-SAP 1. 0, the central bank will purchase Rs 1 lakh crore-worth government securities and the last transaction of such acquisition to the tune of Rs 40,000 crore is scheduled for June 17.
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India's forex reserves may have exceeded USD 600 billion: RBI Governor Shaktikanta Das
Business | Jun 04, 2021, 12:19 PM ISTAs per the RBI's data issued on May 28, the country's foreign exchange reserves rose by USD 2.865 billion to a record high of USD 592.894 billion for the week ended May 21.
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RBI projects retail inflation at 5.1 pc in FY22
Business | Jun 04, 2021, 12:18 PM ISTThe Reserve Bank of India on Friday projected the retail inflation at 5.1 per cent in the current financial year ending March 31, 2022.
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RBI keeps policy rate unchanged for 6th time in a row; cuts growth forecast to 9.5%
Business | Jun 04, 2021, 10:52 AM ISTRBI has decided to leave benchmark interest rate unchanged at 4 per cent. This is the sixth time in a row that RBI has maintained status quo.
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RBI cancels licence of THIS bank. Check details
Business | May 31, 2021, 10:40 PM ISTWhile cancelling the licence, effective close of business hours on Monday, the RBI said public interest would be adversely affected if the bank is allowed to carry on its banking business any further.
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RBI's new norms to help enhance audit quality, transparency, add value: Experts
Business | May 30, 2021, 07:34 PM ISTThe Reserve Bank's new norms for auditors will help enhance the overall audit quality as well as transparency, apart from adding to the value to the businesses rather than wasting resources, according to various auditing experts amid concerns expressed by businesses over the new regulations.