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Research Dept role is to quickly process an avalanche of data: RBI Guv
Updated : 3 years, 4 months ago IST
During his inaugural address at the annual research conference of the Department of Economic and Policy Research of RBI on Saturday, he said central banks, given their mandate on preserving macro stability, and the responsibility to be at the forefront of managing an economic crisis, have a
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"Remain watchful," RBI Governor's advice to heads of banks amid global hea
Updated : 3 years, 4 months ago IST
RBI Governor Shaktikanta Das acknowledged the crucial role played by the commercial banks in supporting economic growth throughout the turbulent times since the outbreak of the pandemic and the ongoing financial market turmoil.
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IFSCA signs MoU with RBI in the field of regulation, supervision of regula
Updated : 3 years, 4 months ago IST
The MoU facilitates technical cooperation and the exchange of information, according to an official statement from IFSC Authority released on Wednesday.
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RBI Governor-headed committee reviews global, domestic economic situation
Updated : 3 years, 4 months ago IST
During the meeting, major developments in the global and domestic economy as well as in various segments of the financial system were reviewed, a statement from RBI said on Tuesday. It also discussed certain inter-regulatory issues.
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Government nominates Vivek Joshi as Director on RBI's central board
Updated : 3 years, 4 months ago IST
Vivek Joshi's nomination has come into effect from November 15, 2022, until further orders.
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RBI imposes penalties on nine cooperative banks for violating compliances
Updated : 3 years, 4 months ago IST
Those banks are The Berhampur Cooperative Urban Bank, The Kendrapara Urban Co-operative Bank , The Jamshedpur Urban Cooperative Bank, Krishna Mercantile Co-operative Bank , Renuka Nagarik Sahakari Bank Maryadit, Jila Sahakari Kendriya Bank Maryadit, Osmanabad Janata Sahakari Bank, The Santra
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Retail inflation to track within RBI's target band by March 2023: Morgan S
Updated : 3 years, 4 months ago IST
Morgan Stanley expects India's retail inflation to moderate to 5.4 per cent in 2023-24 and to 4.8 per cent in 2024-25 from 6.6 per cent in the current financial year 2022-23.
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Rapid growth of urbanisation in India not matched by urban infra developme
Updated : 3 years, 4 months ago IST
In the 'Report on Municipal Finances' by the Reserve Bank of India (RBI) released recently, it said while the size of the municipal budgets in India is much smaller than peers in other countries, revenues are dominated by property tax collections and devolution of taxes and grants from upper
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Listing of municipal bonds needed to fund local bodies: RBI report
Updated : 3 years, 4 months ago IST
RBI said in a report for policies to improve the environment for financial investment through sound and efficient regulation, greater transparency, and better governance can help nurture a vibrant municipal bond market. Listing municipal bonds in the stock exchanges can pave the way for deve
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Kolkata: No approval given for modification of structure inside Heritage B
Updated : 3 years, 4 months ago IST
It is alleged that one portion of the Heritage Building has been renovated. The matter has reached the Calcutta High Court where the Court has directed the West Bengal government not to tamper with the structure of the Heritage Building.
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RBI could continue to intervene in forex markets if uncertainty on more ra
Updated : 3 years, 4 months ago IST
In this context, Gaurang Somaiya, forex and bullion analyst, MOFSL, said, "The central bank has accumulated these reserves to be utilised in these kinds of situations," and added that investors are on the edge at this point as there are a lot of moving parts which are impacting the market.
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Customer protection lies at core of microfinance regulation, says RBI Depu
Updated : 3 years, 4 months ago IST
RBI Deputy Governor M. Rajeshwar Rao made the remarks while delivering the keynote address at the launch of MFIN's India Microfinance Review in Mumbai on Friday.
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