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Indian bank deposits better protected than in US: SBI report
Updated : 3 years, 3 months ago IST
Analysis of insured customer deposits across multiple geographies initiated in the wake of bank runs across developed economies reveal US's top 10 banks deposits are insured in the range of 38.4-66 per cent, according to a research titled, Ecowrap, of the State Bank of India's Economic Resea
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Karnataka CM Basavaraj Bommai to launch Swami Vivekananda Yuvashakti schem
Updated : 3 years, 3 months ago IST
The Chief Minister on Sunday chaired a meeting of the senior officials and chief executive officers and reviewed the progress.
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RBI Guv stresses on availability, affordability of grievance redressal mec
Updated : 3 years, 3 months ago IST
Speaking at the Payment System Operators (PSO) Conference in Kochi on Saturday, the government said, "Availability and affordability of an expeditious grievance redress mechanism is of utmost importance to ensure public trust in digital payments."
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India highest-ranked G20 country according to Climate Change Performance I
Updated : 3 years, 3 months ago IST
"Climate proofing of our infrastructure has also been a priority, more so in view of the large investment in infrastructure in recent years," the governor said.
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RBI, UAE Central Bank sign MoU to facilitate cross-border CBDC transaction
Updated : 3 years, 3 months ago IST
Under the MoU, the two central banks will collaborate on various emerging areas of fintech, especially central bank digital currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI.
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India's forex reserves decline by USD 2.4 billion
Updated : 3 years, 3 months ago IST
India's foreign exchange reserves declined by about USD 2.4 billion to USD 560.003 billion in the week ending on March 10, according to the Reserve Bank of India's latest data.
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Developments in US banking system drives home importance of prudent asset-
Updated : 3 years, 3 months ago IST
Reserve Bank of India governor Shaktikanta Das, referring to the Silicon Valley Bank shutdown and its aftereffects, has said the developments in the US banking system have brought to the fore the criticality of banking sector regulation and supervision.
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RBI imposes monetary penalty on IGH Holdings over non-compliances
Updated : 3 years, 3 months ago IST
The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 11.25 lakh on IGH Holdings Private Limited, Mumbai (the company) for some non-compliance with the provisions of RBI Act, among some others.
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Delhi HC asks govt, RBI to respond to Subramanian Swamy's PIL seeking prob
Updated : 3 years, 3 months ago IST
The Delhi High Court on Friday asked the government, the Reserve Bank of India (RBI), and the Securities Exchange Board of India (SEBI) to file responses of former Rajya Sabha MP Subramanian Swamy's PIL seeking direction to form a committee consisting of experts to investigate into the trans
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Indian Renewable Energy Development Agency gets 'Infrastructure Finance Co
Updated : 3 years, 4 months ago IST
The Reserve Bank of India (RBI) granted an 'Infrastructure Finance Company (IFC)' status to Indian Renewable Energy Development Agency (IREDA) today. It was earlier classified as an 'Investment and Credit Company (ICC)', as per an official release.
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India's forex reserves rise for first time in 5 weeks to USD 562.40 bn
Updated : 3 years, 4 months ago IST
The reserves rose USD 1.46 billion at the end of last week after falling by a total of USD 15.8 billion in the previous four weeks, the RBI's statistical supplement showed on Friday.
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Greater challenges will emerge as markets become more developed, interconn
Updated : 3 years, 4 months ago IST
Delivering a keynote address on 'Self-Regulation in Financial Markets - Looking Back and Looking Ahead' in Egypt, the deputy governor said, "Going ahead, greater challenges will emerge as the markets become more developed and interconnected, and as the range of products expand."
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