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RBI cancels licence of Uttar Pradesh-based Urban Co-operative Bank
Updated : 2 years, 3 months ago IST
The Reserve Bank of India (RBI) has cancelled the license of Urban Co-operative Bank Ltd., Sitapur, in Uttar Pradesh. The bank now ceases to carry on banking business, with effect from the close of business Thursday.
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Mamta Binani & Associates in Collaboration with MSME DF West Bengal &a
Updated : 2 years, 3 months ago IST
New Delhi [India], December 1: India s economy is growing at an exponential pace, and the major contributor the growth is the msme sector. It accounts for 45 % of total industrial production, 40% of total exports and contributes very significantly to the GDP. As per available data, It is exp
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RBI, Bank of England sign MoU on exchange of information related to Cleari
Updated : 2 years, 3 months ago IST
The Reserve Bank of India (RBI) and the Bank of England (BoE) have signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information concerning Clearing Corporation of India Limited (CCIL).
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2.7% of Rs 2,000 banknotes still in circulation; here's how you can deposi
Updated : 2 years, 3 months ago IST
The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023, the date on which RBI decided to withdraw the banknote. As of November 30, it was at Rs 9,760 crore.
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"GDP growth numbers display resilience, strength of Indian economy": PM Mo
Updated : 2 years, 3 months ago IST
After GDP data for the July-September quarter (Q2) were revealed on Thursday, Prime Minister Narendra Modi said that the growth numbers display the resilience and strength of the Indian economy adding that the government is committed to ensuring fast-paced growth.
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India's GDP grew 7.6% in July-September quarter
Updated : 2 years, 3 months ago IST
RBI had maintained real GDP growth for 2023-24 at 6.5 per cent with Q2 at 6.5 per cent; Q3 at 6.0 per cent; and Q4 at 5.7 per cent.
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Man City manager Pep Guardiola explains how being "handsome" helps him pre
Updated : 2 years, 3 months ago IST
Manchester City manager Pep Guardiola jokingly admitted that him being "handsome" helps to get his message across to the players during training sessions before the game.
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Rs 30,000 crore worth of government securities to be auctioned on December
Updated : 2 years, 3 months ago IST
According to a press release by the Ministry of Finance, the securities to be auctioned include the '7.37 per cent Government Security 2028' with a notified amount of Rs 7,000 crore, the '7.18 per cent Government Security 2033' with a notified amount of Rs 13,000 crore, and the '7.30 per cen
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RBI supersedes Board of Directors of Abhyudaya Cooperative Bank for 12 mon
Updated : 2 years, 3 months ago IST
The action against the Abhyudaya Cooperative Bank Ltd was needed due to "certain material concerns emanating from poor governance standards" observed in the bank.
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RBI's vigilance: New consumer credit norms to bolster India's financial st
Updated : 2 years, 3 months ago IST
The central focus of the regulatory adjustments is to mandate banks and NBFIs to allocate more capital against unsecured consumer credit.
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Stock market ends on a red note amidst fluctuations; RBI governor highligh
Updated : 2 years, 3 months ago IST
The Sensex marked a 5.43-point downturn, closing at 66,017.81, while the Nifty followed suit with a 9.85-point decline, settling at 19,802.00. Among Nifty companies, 25 witnessed advances, while 25 faced declines.
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Banks, NBFCs must stress test their books, suggests RBI Governor
Updated : 2 years, 3 months ago IST
Reserve Bank of India governor Shaktikanta Das on Wednesday once again called upon banks and non-banking financial companies (NBFCs), among other financial entities to continue to do stress testing of their books.
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