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Effective management, governance, compliance practices essential to safegu
Updated : 3 years, 1 month ago IST
These remarks were made by RBI deputy governor Jain at the Conference of Directors of Banks, organised by the RBI for public sector banks on May 22 in New Delhi. He also addressed private sector banks on May 29 in Mumbai.
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RBI plans a light weight and portable payment system, independent of conve
Updated : 3 years, 1 month ago IST
According to the Reserve Bank of India's annual report of 2022-23, the payment system is expected to operate on minimalistic hardware and software and would be made active only on a need basis.
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India's growth momentum likely to be sustained in 2023-24 amid easing infl
Updated : 3 years, 1 month ago IST
The Reserve Bank of India (RBI) has said India's growth momentum "is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures"
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RBI holds conference for directors on boards of Private Sector Banks
Updated : 3 years, 1 month ago IST
The Reserve Bank on Monday held a conference for the directors on the boards of Private Sector Banks. The conference was held in Mumbai.
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State Bank of India raises USD 750 million via bonds on India INX
Updated : 3 years, 1 month ago IST
The funds were raised at India INX's Global Securities Market (GSM), GIFT International Financial Services Centre in Gujarat. India International Exchange (IFSC) Limited (India INX) is the first international exchange at GIFT IFSC Gujarat.
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Bull-run prevails as Sensex jumps 345 points; banking stocks lead rally
Updated : 3 years, 1 month ago IST
BSE 30-share Sensex went up 345 points and settled higher at 62,846 while NSE Nifty surged 99 points and ended at 18,599. Nifty had an intra-day high of 18,641. The Bank Nifty hit a fresh all-time high at 44,483. BSE banking index eventually ended 0.7 per cent higher at 44,312.
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RBI governor Shaktikanta Das flags governance gaps in certain banks
Updated : 3 years, 1 month ago IST
The Reserve Bank of India has come across gaps in corporate governance for certain banks and such gaps have the potential to cause volatility in the overall banking sector, said its governor Shaktikanta Das.
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"Individual directors should not have any conflict of interest," says RBI
Updated : 3 years, 1 month ago IST
While conveying RBI's expectations from the boards of directors of banks and explaining the multi-dimensional responsibility of individual directors, the RBI Governor said, "It is the responsibility of the Board to ensure that policies are in place to identify potential conflicts of interest
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Delhi HC dismisses PIL against RBI notification allowing exchange of Rs 2,
Updated : 3 years, 1 month ago IST
Delhi High Court on Monday dismissed PIL challenging Reserve Bank of India and State Bank of India notifications, which permits the exchange of Rs 2,000 banknotes without obtaining any requisition slip and identity proof.
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India's forex reserves decline over USD 6 billion in week ended May 19
Updated : 3 years, 1 month ago IST
India's overall foreign exchange reserves declined USD 6.05 billion to USD 593.477 billion in the week that ended on May 19, 2023, data released by Reserve Bank of India on Friday showed.
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PIL in Delhi HC challenges RBI decision to withdraw Rs 2000 denomination b
Updated : 3 years, 1 month ago IST
A Public Interest Litigation (PIL) has been moved in Delhi High Court seeking direction to quash the Reserve Bank of India (RBI) Notification dated May 19, 2023, whereby the RBI has taken a decision to withdraw the Rs 2000 denomination banknotes from circulation under the clean note polic
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India's 2022-23 GDP growth may breach estimated 7 pc: RBI Governor
Updated : 3 years, 1 month ago IST
India's gross domestic product in the just-concluded financial year 2022-23 could be more than the estimated 7 per cent, said Reserve Bank of India governor Shaktikanta Das.
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