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RBI refrains from giving any forward guidance: Governor Shaktikanta Das
Updated : 3 years, 1 month ago IST
The governor was responding to the media in a post-meeting news conference on a query on forward guidance on Wednesday.
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Eight banks participated in digital currency project: RBI Deputy Governor
Updated : 3 years, 1 month ago IST
T Rabi Sankar said that there are currently over 50,000 retail central bank digital currency (CBDC) users in India.
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Global fintech Ascenda announces partnership with Axis Bank to power its n
Updated : 3 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 8 (ANI/PRNewswire): Ascenda, the world leader in powering global rewards card and payment value propositions for financial brands, today announced its partnership with Axis Bank, India's third largest private sector bank to power their innovative new re
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RBI restores market hours for government securities to pre-Covid timing
Updated : 3 years, 1 month ago IST
The central bank's governor said, "As part of our gradual move towards normalising liquidity and market operations, it has now been decided to restore market hours for the government securities (G-secs) market to the pre-pandemic timing of 9 am to 5 pm."
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Foreign portfolio flows show signs of improvement: RBI Governor
Updated : 3 years, 1 month ago IST
The RBI governor said net foreign direct investment (FDI) flows remain strong at USD 22.3 billion during April-December 2022. It was USD 24.8 billion in the corresponding period last year, he added.
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Mrs India -One in a Million 2022-Winner (2nd R'Up) Purnima Padmasana
Updated : 3 years, 1 month ago IST
New Delhi [India], February 8 (ANI/PNN): Journey of today's woman has begun from being a Banker to winning the National Beauty Pageant, Mrs India is one in a million in the Classic category as second runner-up in year-end 2022. Where this corporate Banker Purnima Padmasna, says, "You can ach
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RBI proposes UPI payments facility for inbound travellers
Updated : 3 years, 1 month ago IST
Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country.
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RBI proposes to launch pilot project for QR code-based coin vending machin
Updated : 3 years, 1 month ago IST
These vending machines will dispense coins against debit to the customer's account using Unified Payments Interface (UPI) instead of physical tendering of banknotes.
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IREP Credit Capital simplifies loan collection journey for MSMEs with Cred
Updated : 3 years, 1 month ago IST
New Delhi [India], February 8 (ANI/PRNewswire): IREP Credit Capital, a Non-Deposit taking Non-Banking Financial Company (NBFC-ND) recently partnered with Credgenics, a pioneering SaaS-based debt collections platform to drive digital solutions for its MSME customers in South India. Since the
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RBI MPC raises repo rate by 25 bps to 6.5 pc
Updated : 3 years, 1 month ago IST
Four out of six members of MPC have decided to go ahead with this hike in rate, RBI Governor Shaktikanta Das said on Wednesday.
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ED attaches assets worth Rs 13.87 cr belonging to Apkon Crushers in bank f
Updated : 3 years, 1 month ago IST
The assets are in the form of two immovable properties and five vehicles which have been acquired out of proceeds of crime.
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Banks' risks from Adani Group exposure limited but may increase: Moody's
Updated : 3 years, 1 month ago IST
Moody's Investors Service has said banks' exposures to Adani Group are not large enough to affect their credit quality materially but it has cautioned that the exposure may increase in case the conglomerate becomes more reliant on bank loans.
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