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  No more space for monetary steps, tough task ahead for RBI: SBI Report

  Business | June 15, 2021 10:08 IST

  SBI 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 | June 11, 2021 19:11 IST

   In 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 | June 09, 2021 23:15 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 | June 08, 2021 22:05 IST

  The 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 | June 08, 2021 10:29 IST

  RBI 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 | June 04, 2021 16:58 IST

  Amidst 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 | June 04, 2021 15:44 IST

  NACH 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 | June 04, 2021 14:37 IST

  RBI 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 | June 04, 2021 14:28 IST

  Under 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 | June 04, 2021 12:30 IST

  The 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 | June 04, 2021 12:21 IST

  Under 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 | June 04, 2021 12:19 IST

  As 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 | June 04, 2021 12:18 IST

  The 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 | June 04, 2021 10:52 IST

  RBI 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 22:40 IST

  While 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 19:34 IST

  The 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.

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  RBI likely to retain benchmark interest rate on Friday, feel experts

  Business | May 30, 2021 15:00 IST

  Reserve Bank of India (RBI) is likely to retain the benchmark interest rate at the existing levels at its upcoming monetary policy review, feel experts

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  RBI approves higher payout of Rs 99,122 crore to govt

  India | May 21, 2021 21:06 IST

  The Reserve Bank of India approved paying a higher-than-expected Rs 99,122 crore to the government as a dividend, providing cushion to the state at a time when a crippling second wave of the novel coronavirus may strain public finances.

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  RBI's to transfer Rs 99,122 cr as surplus to Centre

  Business | May 21, 2021 14:54 IST

  The decision was taken at the 589th meeting of the Central Board under the chairmanship of RBI Governor Shaktikanta Das, through video conference.

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  RBI imposes penalty on City Union Bank, Tamilnad Mercantile Bank and 2 others for THIS reasonIncome

  Business | May 20, 2021 21:18 IST

  The RBI has imposed monetary penalty on City Union Bank, Tamilnad Mercantile Bank and two other lenders for contravention of certain directions issued by the central bank.