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Indian economy facing strong global headwinds but strong fundamentals lend
Updated : 3 years, 2 months ago IST
The Indian economy is confronting strong global headwinds but sound macroeconomic fundamentals and healthy financial and non-financial sector balance sheets are providing strength and resilience and financial system stability, said RBI in its Financial Stability Report on Thursday.
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India's current account deficit widens in July-September quarter: RBI data
Updated : 3 years, 2 months ago IST
India's current account balance recorded a deficit of USD 36.4 billion (4.4 per cent of GDP) in Q2 of 2022-23 (July-September), up from USD 18.2 billion (2.2 per cent of GDP)1 in Q1 (April-June), RBI's balance of payments (BoP) data showed on Thursday.
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RBI imposes penalty on Mynd Solutions over non-compliance of guidelines
Updated : 3 years, 2 months ago IST
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,390,000 on Mynd Solutions Private Limited (the entity) for not complying with the Guidelines on Trade Receivables Discounting System (TReDS).
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AUS vs SA, 2nd Test: Carey's ton deepens Proteas misery as hosts strike ea
Updated : 3 years, 2 months ago IST
After David Warner took the honours on the second day with his double hundred, Alex Carey played a memorable inning to make the Boxing Day Test special for himself after the left-hander smashed his maiden test hundred.
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Consolidated balance sheet of scheduled commercial banks registered double
Updated : 3 years, 2 months ago IST
The consolidated balance sheet of scheduled commercial banks (SCBs) has registered double-digit growth in 2021-22, after a gap of seven years, said the Reserve Bank of India.
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Private cryptocurrencies have no underlying, it is speculative activity wh
Updated : 3 years, 2 months ago IST
The government believes any legislation for regulation or for banning can be effective only with significant international collaboration on evaluating the risks and benefits and evolution of common taxonomy and standards.
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How is RBI making Digital Lending safer with P2P Platforms?
Updated : 3 years, 2 months ago IST
New Delhi [India], December 24 (ANI/PNN): Peer-to-peer deviates from the typical lending process in which borrowers request loans through conventional financial institutions. Individuals can borrow money from others using a P2P lender via an online marketplace. P2P lending is a relatively ne
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Bajaj Finance increases Fixed Deposit Interest Rates by up to 25 Basis Poi
Updated : 3 years, 2 months ago IST
Pune (Maharashtra) [India], December 23 (ANI/NewsVoir): With effect from December 22, 2022, Bajaj Finance, the lending division of Bajaj Finserv Limited, increased its fixed-rate (FD) rates by up to 25 basis points for terms of 12 to 24 months. The updated Bajaj Finance FD rates will apply t
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Ribbon's Cell-Site Router Solution to Enable Bharti Airtel's Pan-Indian 5G
Updated : 3 years, 2 months ago IST
Plano (Texas) [USA], December 23 (ANI/PRNewswire): Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real-time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to m
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Indian stocks settle low for third straight day; Covid concern weighs
Updated : 3 years, 2 months ago IST
Indian stock indices settled lower on Thursday, extending losses for the third straight session over concerns of a possible resurgence of Covid cases in several countries.
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Continued monetary policy tightening necessary: RBI MPC member Shashanka B
Updated : 3 years, 3 months ago IST
Continued monetary policy tightening is needed to achieve moderation in the inflationary pressures, Reserve Bank of India's Monetary Policy Committee member Shashanka Bhide said during the latest policy meeting held this month.
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Worldline ePayments India gets RBI's in-principle nod to act as payment ag
Updated : 3 years, 3 months ago IST
Digital payments services platform Worldline ePayments India on Wednesday said it has received in-principle approval from the Reserve Bank of India to act as a payment aggregator (PA).
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