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BJP forced RBI to support demonetisation, says Cong leader Jairam Ramesh
Updated : 7 years, 4 months ago IST
Bengaluru (Karnataka) [India], Mar 11 (ANI): The BJP government at the Centre had forced the Reserve Bank of India (RBI) to support demonetisation, said Congress leader and former Union Minister Jairam Ramesh here on Monday.
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Sensex jumps 37,000 mark after announcement of general elections
Updated : 7 years, 4 months ago IST
Mumbai (Maharashtra) [India], Mar 11 (ANI): Inflows from foreign institutional investors turned the market sentiment positive on Monday with equity benchmark indices gaining sharply after the announcement of general elections due to begin on April 11.
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All conditions for resolution plan must be met to bail out Jet Airways: SB
Updated : 7 years, 4 months ago IST
Mumbai (Maharashtra) [India], Mar 9 (ANI): State Bank of India (SBI) Chairman Rajnish Kumar said on Saturday that the comprehensive resolution plan to bail out Jet Airways will be implemented if all conditions by all stakeholders are met.
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Linking bank deposit rates with repo rates to speed up transmission proces
Updated : 7 years, 4 months ago IST
Mumbai (Maharashtra) [India], Mar 9 (ANI): State Bank of India (SBI) Chairman Rajnish Kumar said on Saturday that the country's biggest lender will link its rates of bank deposits for Rs 1 lakh and above with Reserve Bank of India's repo rate.
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Yes Bank fined for non-compliance in Swift operations
Updated : 7 years, 4 months ago IST
Mumbai (Maharashtra) [India], Mar 5 (ANI): The Reserve Bank of India (RBI) has imposed a fine of Rs 1 crore on Yes Bank for non-compliance of directions on Swift messaging software.
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Company Fixed Deposits: To perform better than Bank Fixed Deposits in 2019
Updated : 7 years, 4 months ago IST
Pune (Maharashtra) [India] March 5 (ANI): The year 2018 witnessed all developed economies hiking their interest rates. The US Fed hiked it four times, whereas Reserve Bank of India (RBI) increased its policy rates twice. Bank deposit rates have moved in tandem to this increase. Whil
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Ajay Jha takes over as Member, Finance Commission
Updated : 7 years, 4 months ago IST
New Delhi [India], Mar 1 (ANI): Former Finance Secretary Ajay Narayan Jha on Friday took charge as Member of the 15th Finance Commission in place of Shaktikanta Das, who resigned after being appointed as Governor of the Reserve Bank of India in December 2018.
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Cabinet approves Rs 1,450 crore for RBI's share capital in National Housin
Updated : 7 years, 4 months ago IST
New Delhi [India], Feb 28 (ANI): The Union Cabinet on Thursday approved payment of the face value of the subscribed share capital of Rs 1,450 crore in National Housing Bank (NHB) to Reserve Bank of India (RBl) consequent to amendments made to the NHB Act, 1987 in 2018.
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BSA between India and Japan provides for India to access $75 billion
Updated : 7 years, 4 months ago IST
New Delhi [India], Feb 28 (ANI): The Reserve Bank of India and Bank of Japan have signed an agreement for Bilateral Swap Arrangement (BSA) between the two countries, an official statement said on Thursday.
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RBI proposes variable pay for bank CEOs
Updated : 7 years, 4 months ago IST
Mumbai (Maharashtra) [India], Feb 26 (ANI): The Reserve Bank of India (RBI) has proposed a new set of rules which includes a large portion of compensation for bank chiefs in the form of variable pay.
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RBI Board to give interim surplus of Rs 28,000 crore to Govt for July-Dec
Updated : 7 years, 4 months ago IST
New Delhi [India], Feb 18 (ANI): The Reserve Bank of India (RBI) on Monday decided to transfer an interim surplus of Rs 28,000 crore to the central government for half-year ended December 31, 2018.
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RBI governor to meet bank chiefs on rate cuts this week
Updated : 7 years, 4 months ago IST
New Delhi [India], Feb 18 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das will meet the heads of public and private sector banks on February 21 to seek their views on cutting interest rates for borrowers.
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