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Robust kharif harvest, fresh crop arrivals, government interventions helpe
Updated : 2 years, 9 months ago IST
The central bank said there were upward pressures from an early onset of summer, heat waves and unseasonal rains on food prices in the first half of the year
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India's growth momentum likely to be sustained in 2023-24 amid easing infl
Updated : 2 years, 9 months ago IST
The Reserve Bank of India (RBI) has said India's growth momentum "is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures"
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Delhi HC reserves order on another PIL challenging RBI decision to withdra
Updated : 2 years, 9 months ago IST
The Division bench of Justice Satish Chander Sharma and Justice Subramonium Prasad on Tuesday reserved the order in the matter after noting down the submissions of petitioner and repondents. The RBI has opposed the plea stating that Rs 2000 note continues to be legal tender.
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RBI holds conference for directors on boards of Private Sector Banks
Updated : 2 years, 9 months ago IST
The Reserve Bank on Monday held a conference for the directors on the boards of Private Sector Banks. The conference was held in Mumbai.
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Paisabazaar closes FY'23 at an annualised loan disbursal rate of over Rs 1
Updated : 2 years, 9 months ago IST
Gurgaon (Haryana) [India], May 29: Paisabazaar, part of the PB Fintech Group, today announced that it has reached an annualised loan disbursal rate of over Rs 15,000 crore in March 2023. Paisabazaar registered a 76% year-on-year growth in loan disbursals, disbursing Rs.11,619 crore in FY
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RBI governor Shaktikanta Das flags governance gaps in certain banks
Updated : 2 years, 9 months ago IST
The Reserve Bank of India has come across gaps in corporate governance for certain banks and such gaps have the potential to cause volatility in the overall banking sector, said its governor Shaktikanta Das.
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"Individual directors should not have any conflict of interest," says RBI
Updated : 2 years, 9 months ago IST
While conveying RBI's expectations from the boards of directors of banks and explaining the multi-dimensional responsibility of individual directors, the RBI Governor said, "It is the responsibility of the Board to ensure that policies are in place to identify potential conflicts of interest
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"Our banking sector stands out as strong and stable," says RBI Governor
Updated : 2 years, 9 months ago IST
Acknowledging the key role played by the banks, the RBI Governor said, "Over the years and especially in the recent period, banks have been able to maintain financial and operational resilience in the face of extreme stress originating from the COVID-19 pandemic, the continuing war in Europe
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Delhi HC dismisses PIL against RBI notification allowing exchange of Rs 2,
Updated : 2 years, 9 months ago IST
Delhi High Court on Monday dismissed PIL challenging Reserve Bank of India and State Bank of India notifications, which permits the exchange of Rs 2,000 banknotes without obtaining any requisition slip and identity proof.
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Rs 2000 notes being accepted in Karnataka buses, clarifies transport autho
Updated : 2 years, 9 months ago IST
After having received complaints that some bus conductors denied accepting Rs 2000 currency notes in Karnataka, the state transport authority has clarified that it did not issue any such orders.
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Bundesliga: Bayern Munich clinch 11th successive title after 2-1 win again
Updated : 2 years, 9 months ago IST
Meanwhile, RB Leipzig and Union Berlin are third and fourth, respectively, and will play in the Champions League next season.
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Chhattisgarh: Naxal commander's aides held while en route to deposit Rs 6
Updated : 2 years, 9 months ago IST
The arrested persons were allegedly en route to deposit the Rs 2,000 notes in the bank. RBI had recently decided to withdraw Rs 2000 currency notes from circulation, however, they will continue to remain as legal tender.
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