A day after the Reserve Bank of India announced to withdraw Rs 2,000 denomination banknotes from circulation, Congress President Mallikarjun Kharge on Saturday slammed the government saying it had already…
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Indian exporters are holding back on dollar sales on hopes of a further slide in the rupee, eyeing a windfall as the local currency plumbs record lows this year. The…
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India’s foreign exchange market includes banks, corporate entities and foreign institutional investors. The average daily turnover hovers around $60 billion. In 1993, India moved to a market-determined rate of exchange…
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Alphabet Inc’s (GOOGL.O) Google has been asked by the Indian government and the central bank to introduce more stringent checks to help curb the use of illegal digital lending applications…
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The Supreme Court has asked various stakeholders, including the Centre, Niti Aayog, Finance Commission and the RBI, to come up with ‘constructive suggestions’ to deal with the widely prevalent practice…
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India’s central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation after it plumbed record lows in recent weeks,…
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RBI Deputy Governor Michael D Patra on Friday said the central bank will actively intervene in the market to prevent “jerky movements” of the rupee due to the current volatility…
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After shooting up to a 95-month-high of 7.79 per cent in April, the Consumer Price Index (CPI)-based inflation — better known as retail inflation — dropped to 7.04 per cent…
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Though drops in the Japanese yen and Chinese yuan are getting the global headlines, the all-time lows set by the Indian rupee may be the most troubling currency stumble of…
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The RBI has lifted all restrictions on HDFC Bank, permitting it to launch new digital initiatives, the private sector lender said on Saturday.“We would like to inform one and all…
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Avowed enemies who disagree on multiple regional issues, India and Pakistan are on the same page when it comes to dealing with cryptocurrencies. Their respective central banks have come down…
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The country’s monetary policy is, by design, financially inclusive and this strategy will result in policy effectiveness and welfare maximisation going ahead, RBI’s Deputy Governor Michael D Patra said on…
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India has been exemplary in publishing its foreign exchange market intervention, the US Treasury Department said on Friday adding that New Delhi should allow the exchange rate to move flexibly…
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Net profit at India’s largest privately-owned bank, HDFC Bank, grew 17.6% for the quarter ended September 30, on the back of robust growth in net interest income, fees and commissions.…
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Ruling out any move to revise downwards its projected GDP growth rate for 2021-22 from 10.5%, the RBI said near-term prospects for the Indian economy have been brightened by the…
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As India battles the economic fallout of the second wave of Covid-19, there is now a debate whether the central bank should print new currency to help the government add…
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RBI Governor Shaktikanta Das-headed rate-setting panel MPC started its three-day deliberation on the next monetary policy on Monday amid sudden surge in COVID-19 cases and the government’s recent mandate asking…
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Banks to conduct special clearing operations for closure of govt accounts on Mar 31: RBI
by Abbas AdilBanks will conduct special clearing operations for annual closure of government accounts on March 31, which is the last day of the current fiscal year, the RBI has said. The…
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Minister of State for Finance and Corporate Affairs Anurag Thakur on Tuesday told the Rajya Sabha that the Reserve Bank of India (RBI) and Securities and Exchange Board of India…
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Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday launched “Complaint Management System (CMS)”, a software application to facilitate RBI’s grievance redressal processes. Members of public can access the…
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Reserve Bank of India (Deputy Governor Viral Achariya resigned six months before the scheduled end of his term, reports said on Monday.Acharya took up his post on January 20, 2017 for a…
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The Reserve Bank of India on Thursday said it has done away with charges on fund transfers through RTGS and NEFT routes to boost digital transactions and asked banks to…
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New Delhi: Latching on to the recent Supreme Court judgement giving the Reserve Bank of India (RBI) a “last opportunity” to disclose the list of defaulters under the Right to…
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New Delhi: The Reserve Bank of India (RBI) has announced that it will shortly issue Rs 20 denomination banknotes, in the Mahatma Gandhi (New) series, bearing the signature of the…
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Mumbai: The Reserve Bank Wednesday said it has imposed a penalty of Rs 1 lakh on UP Postal Primary Co-operative Bank, Lucknow for violation of norms regarding shifting of its…
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Mumbai: The Reserve Bank of India (RBI) said it has not yet approved a merger proposal of private-sector lender Lakshmi Vilas Bank Ltd and Indiabulls Housing Finance Ltd. Responding to…
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Mumbai: The Reserve Bank of India (RBI) cut its policy interest rate by 25 basis points on Thursday, in a widely expected move to boost the economy just a week…
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Indian shares hit all-time highs on Wednesday, continuing their rally into a fifth session as upbeat global factors added to investor risk appetite ahead of a central bank policy meeting…
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Mumbai: The Reserve Bank of India (RBI) will unveil on Thursday its first bi-monthly monetary policy decision of this new fiscal. The RBI’s Monetary Policy Committee (MPC) will meet from…
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Chennai:The Congress party’s minimum guaranteed income scheme will be rolled out in phases and the five crore beneficiary families will be covered in phases, senior leader P Chidambaram said Wednesday.…