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Despite being leader in digital transactions, cash circulation increasing
Updated : 1 year, 9 months ago IST
Despite India being a leader in digital financial transactions, cash currency in circulation has more than doubled over the last eight years. As per Reserve Bank of India (RBI) data, since the demonetization of Rs 1000 and Rs 500 notes in 2016, the currency in circulation has increased su
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Fed rate cut will facilitate fund flows to India and emerging markets: Exp
Updated : 1 year, 9 months ago IST
The US Federal Reserve's move to cut the rate by 50 basis points will facilitate flows to emerging markets. Experts say a weaker dollar and lower rates are favourable for India and emerging economies.
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Adequate and timely funding key to achieving sustainable agriculture: RBI
Updated : 1 year, 9 months ago IST
Giving a keynote address at the International Research Conference hosted by the College of Agricultural Banking (CAB), Pune, the RBI Deputy Governor highlighted five solutions that could go a long way in addressing the issue of financing sustainable agriculture.
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RBI imposes monetary penalty on three NBFCs for non-compliance with direct
Updated : 1 year, 9 months ago IST
The Reserve Bank of India (RBI) has imposed monetary penalties on three non-banking financial companies (NBFCs) for regulatory lapses and non-compliance with various RBI directives.
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India's foreign exchange reserves continue to rise hitting fresh high of U
Updated : 1 year, 10 months ago IST
India's foreign exchange reserves increased by USD 5.248 billion, reaching a fresh record high of USD 689.235 billion, during the week that ended on September 6, according to data released by the Reserve Bank of India on Friday.
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Rising global debt is a concern, significant spillover risks for Emerging
Updated : 1 year, 10 months ago IST
The Reserve Bank of India Governor Shaktikanta Das cautioned the world on the rising global debt, which has surged to a staggering USD 315 trillion, equivalent to 333 per cent of global GDP in 2024.
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SBI sanctions project loan of Rs. 10,050 crores to Damodar Valley Corporat
Updated : 1 year, 10 months ago IST
Public sector lender, State Bank of India (SBI), has sanctioned Rs.10,050 crores to Damodar Valley Corporation (DVC) for Ultra Super Critical Thermal Power Project of 1600 MW to be set up at Koderma, Jharkhand.
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India handled inflation much better than US, Germany and France: SBI Repor
Updated : 1 year, 10 months ago IST
India has demonstrated a largely successful inflation-targeting regime compared to advanced economies such as the USA, Germany, and France, according to a research report by the State Bank of India (SBI).
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FATF working on enhanced disclosures for credit card and online transactio
Updated : 1 year, 10 months ago IST
The Financial Action Task Force (FATF), the global watchdog for money laundering and terror financing, is considering enhanced disclosures for global credit card transactions and online payment gateways to curb illicit activities, according to government sources.
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PayGlocal gets RBI nod to operate as an online merchant payments company
Updated : 1 year, 10 months ago IST
Bengaluru (Karnataka) [India], September 10: PayGlocal, a leading cross-border payment solutions provider, is thrilled to announce that it has received final authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. This significant milestone allows PayGl
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Deposit growth in India expected to slow to 11.2 pc YoY in 2025: Report
Updated : 1 year, 10 months ago IST
The deposit growth in the country will decelerate to 11.2 per cent YoY in fiscal year 2025, as banks face slower mobilisation of new deposits, highlights a report by B&K Securities.
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RBI imposes penalties on three housing finance companies for non-complianc
Updated : 1 year, 10 months ago IST
The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies for non-compliance with directions of RBI on housing finance companies.
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