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Time right to address governance gaps in banking, says RBI deputy governor
Updated : 2 years, 9 months ago IST
Deputy Governor at the Reserve Bank of India, Rajeshwar Rao, said time is right to address the gaps in governance frameworks in banks as the overall banking sector in India at the moment is sound, resilient, and financially healthy.
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RBI may again pause repo rate at this week's policy meet: SBI Research
Updated : 2 years, 9 months ago IST
A monetary policy committee headed by RBI governor Shaktikanta Das will hold a three-day-long meeting with its decision be announced on June 8 (Thursday).
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Indian stocks start fresh week in green; RBI meeting in focus
Updated : 2 years, 9 months ago IST
Indian stock indices traded on a positive note Monday morning, extending gains from the previous week on expectations that the RBI will continue to keep the repo rate unchanged in its upcoming monetary policy review meet later this week.
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"Got a bit lucky with the opening goal", says RB Leipzig striker Timo Wern
Updated : 2 years, 9 months ago IST
RB Leipzig defeated Eintracht Frankfurt 2-0, in the final of DFB-Pokal on Saturday at the Olympiastadion in Berlin. Following the win, the striker of RB Leipzig said, it was hard work and we got a bit lucky with the opening goal.
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RB Leipzig win DFB-Pokal title for second time in row
Updated : 2 years, 9 months ago IST
RB Leipzig successfully defended thier title against Eintracht Frankfurt, therefore winning the title for the second time in a row.
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SC declines urgent hearing of appeal against Delhi HC order on exchange of
Updated : 2 years, 9 months ago IST
The Supreme Court on Thursday declined an urgent hearing of an appeal against the Delhi High Court order which dismissed a plea challenging RBI's decision permitting citizens to exchange Rs 2,000 banknotes, which are being pulled out of circulation, without any requisition slip and ID proof.
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"Absolutely no cause for cheer in today's GDP numbers," says Congress lead
Updated : 2 years, 9 months ago IST
In this regard, Jairam Ramesh took to Twitter and said, "The economy is not a film like QSQT--Quarter Se Quarter Tak. There is absolutely no cause for cheer in today's GDP numbers. They will be spun, but deep structural problems on the double engines of investment and consumption remain."
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Inflation in India breached central bank's target but deviation lower than
Updated : 2 years, 9 months ago IST
Retail inflation or (Consumer Price Index) peaked at 7.8 per cent in April 2022 to an 18-month low of 4.7 per cent in April 2023, driven by a reduction in food and core inflation. In some advanced countries, inflation had in fact touched a multi-decade high and even breached the 10 per cent
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Small Finance Banks are revolutionizing banking services in rural and semi
Updated : 2 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 31: Small Finance Banks, such as AU Small Finance Bank, are emerging as powerful agents of change, revolutionizing banking services in rural and semi-urban areas. By prioritizing increased access to banking services, designing tailored products and services,
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Appeal filed in SC challenging Delhi HC order rejecting plea against excha
Updated : 2 years, 9 months ago IST
An appeal was filed in the Supreme Court on Wednesday two days after the Delhi High Court dismissed a plea challenging RBI's decision permitting citizens to exchange Rs 2000 banknotes, which are being pulled out of circulation, without any requisition slip and ID proof.
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Effective management, governance, compliance practices essential to safegu
Updated : 2 years, 9 months ago IST
These remarks were made by RBI deputy governor Jain at the Conference of Directors of Banks, organised by the RBI for public sector banks on May 22 in New Delhi. He also addressed private sector banks on May 29 in Mumbai.
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RBI plans a light weight and portable payment system, independent of conve
Updated : 2 years, 9 months ago IST
According to the Reserve Bank of India's annual report of 2022-23, the payment system is expected to operate on minimalistic hardware and software and would be made active only on a need basis.
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