Search For "bank of india"
RBI sets up mechanism to settle international trade payments in rupees
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) on Monday announced a mechanism to settle payments for international trade in rupees, which will help boost India's global trade, especially the country's exports.
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CBI registers two separate cases in connection to Rs 2100 cr bank fraud
Updated : 4 years ago IST
New Delhi [India], July 11 (ANI): The Central Bureau of Investigation (CBI) on Monday registered a case against a Mumbai-based private company over the allegations of causing a loss worth about Rs 1,438.45 crore to the State Bank of India and four other consortium member banks.
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Inflation may ease gradually in second half of 2022-23, says RBI Governor
Updated : 4 years ago IST
New Delhi [India], July 9 (ANI): Inflation, which has been above the central bank's tolerance limit since the beginning of 2022, is likely to ease gradually in the second half of the current financial year, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Saturday.
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RBI Governor says inflation expected to ease in second half of 2022-23
Updated : 4 years ago IST
New Delhi [India], July (ANI): India's inflation is expected to ease gradually in the second half of the current financial year 2022-23, "precluding the chances of a hard landing" monetary policy actions, said the Reserve Bank of India Governor, Shaktikanta Das.
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India's forex reserves dip $5 bln amid depreciating rupee
Updated : 4 years ago IST
New Delhi [India], July 9 (ANI) India's foreign exchange reserves declined by $5 billion to $588.314 billion during the week that ended on July 1, the Reserve Bank of India's weekly data showed.
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RBI imposes Rs 5.72 crore monetary penalty on Federal Bank Limited
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 5.72 crore on Federal Bank Limited for non-compliance with the central bank's direction related to the delivery of financial services.
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RBI imposes monetary penalty on Bank of India
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 70 lakh on the Bank of India for violation of Know Your Customer (KYC) related regulations.
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India's first dedicated branch for Startups to come up in Bengaluru
Updated : 4 years ago IST
Bengaluru (Karnataka) [India], July 8 (ANI): State Bank of India (SBI) and Karnataka Digital Economy Mission (KDEM) on Friday signed a Memorandum of Understanding (MoU), which would enable SBI to open the country's first dedicated branch for startups.
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RBI should internationalise Indian currency rupee, says SBI Research
Updated : 4 years ago IST
New Delhi [India], July 8 (ANI): The Reserve Bank of India (RBI) should make a conscious effort to internationalise the Indian currency rupee amid disruptions in payments caused by the ongoing Russia-Ukraine war, said SBI Research in a report on Thursday.
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RBI selects Hansa Research Group to conduct field work for inflation expec
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has decided to engage Mumbai-based Hansa Research Group to conduct field work for the July 2022 round of consumer confidence and inflation expectation surveys.
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RBI announces measures to boost forex inflows, rupee slide
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) on Wednesday announced a slew of measures to boost foreign exchange (forex) inflows amid slump in the value of rupees.
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Widening trade deficit pushes India to disincentivize gold imports
Updated : 4 years ago IST
New Delhi [India], July 6 (ANI): India is experiencing a widening trade deficit, this essentially means that it is buying more goods and services than it is shipping out. India's trade deficit widened to a record $25.63 billion in June 2022, whereas it stood at $70.25 billion during April-Ju
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