Reserve Bank Of India
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RBI likely to retain benchmark interest rate on Friday, feel experts
Business | May 30, 2021, 03:00 PM ISTReserve 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, 09:06 PM ISTThe 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, 02:54 PM ISTThe 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, 09:18 PM ISTThe 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.
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Demand, employment severely hit by 2nd wave of Covid: RBI
Business | May 18, 2021, 12:36 PM ISTAs the severe Covid crisis and the resultant lockdowns have shut down economic activities to a great extent, the monthly RBI Bulletin has said that demand and employment have been among the most impacted economic aspects amid the second Covid wave.
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RBI announces loan moratorium to individuals, small borrowers - Check eligibility
Business | May 06, 2021, 12:11 AM ISTThe moratorium of up to two years will be available to individuals and small and medium enterprises that did not restructure their loans in 2020 and were classified as standard accounts till March 2021, RBI Governor Shaktikanta Das in an unscheduled address.
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RBI relaxes KYC norms, tells banks not to impose any restriction till December-end
Business | May 05, 2021, 12:44 PM ISTThe RBI has also decided to extend the scope of video KYC (know-your-customer) or V-CIP (video-based customer identification process) for new categories of customers such as proprietorship firms, authorised signatories and beneficial owners of legal entities.
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RBI announces second purchase of Rs 35,000 crore G-secs to boost liquidity amid Covid crisis
Business | May 05, 2021, 11:29 AM ISTRBI will do second purchase of government securities (G-secs) aggregating Rs 35,000 cr in two weeks.
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RBI imposes Rs 25.5 lakh penalty on Jaipur-based Jumbo Finvest (India)
Business | May 04, 2021, 10:08 PM ISTThe penalty has been imposed for non-compliance with certain provisions, including Know Your Customer (KYC) directions.
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RBI imposes Rs 3 crore penalty on ICICI Bank. Details
Business | May 03, 2021, 09:48 PM ISTA penalty of Rs 3 crore has been imposed on ICICI Bank Ltd for contravention of certain directions, the Reserve Bank of India said on Monday.
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T Rabi Sankar takes over as new RBI deputy governor
Business | May 03, 2021, 06:22 PM ISTT Rabi Sankar on Monday took over as the new deputy governor of the Reserve Bank of India for a period of three years, the central bank said in a statement.
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RBI issues guidelines for appointment of statutory auditors of banks, NBFCs
Business | Apr 27, 2021, 12:02 PM ISTThe Reserve Bank of India on Tuesday issued guidelines for the appointment of statutory auditors of banks and non-banking finance companies (NBFCs), including housing finance companies.
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Former RBI governor M Narasimham passes away due to Covid-19
Business | Apr 21, 2021, 08:54 AM ISTFormer Reserve Bank of India governor M Narasimham passed away on Tuesday after battling Covid-19. He was 94.
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Bring policy to refund 'interest on interest' charged during moratorium period: RBI asks NBFCs
Business | Apr 08, 2021, 12:38 PM ISTSC last month ruled that no penal or compound interest would be charged on any loans, including those above Rs 2 crore, during the six-month moratorium announced by govt against Covid backdrop.
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Reserve Bank of India retains GDP growth forecast at 10.5% for FY22
Business | Apr 07, 2021, 02:31 PM ISTThe IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic.
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Payment banks' balance limit hiked from Rs 1 lakh to Rs 2 lakh with immediate effect
Business | Apr 07, 2021, 01:57 PM ISTPayments banks are just like any other bank, but operate on a smaller scale. RBI has hiked the maximum deposit limit from Rs 1 lakh to Rs 2 lakh.
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RBI to set up panel to undertake comprehensive review of Asset Reconstruction Companies
Business | Apr 07, 2021, 02:03 PM ISTAfter enactment of SARFAESI Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of companies.
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RBI maintains status quo on policy rate, repo unchanged at 4%
Business | Apr 07, 2021, 10:16 AM ISTThe Reserve Bank of India has maintained status quo fifth time in a row on policy rate. The bank has kept repo unchanged at 4 per cent.
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Banks to open on 4 days THIS week between March 27 to April 4
Business | Mar 27, 2021, 09:40 AM ISTAccording to bank holiday details on the Reserve Bank of India's website, banks will remain shut on March 27 (fourth Saturday), then on March 28 (Sunday), and on March 29 (Monday) on account of Holi.
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Need coordinated action between centre, states on tax reduction in fuel prices: RBI Governor
Business | Feb 25, 2021, 02:37 PM ISTShaktikanta Das said there is a need for coordinated action between the centre and state governments to reduce taxes on petrol and diesel prices.