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Govt launches pilot in digital rupee for wholesale segment
Updated : 3 years, 4 months ago IST
RBI will launch a pilot in digital rupee for the wholesale segment on Tuesday.
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RBI Governor urges ombudsman to be sensitive, judicious while redressing c
Updated : 3 years, 4 months ago IST
The Governor said the RBI Ombudsmen and the regulated entities (REs) must first identify the root causes of persisting customer complaints and take necessary systemic measures to correct them. Second, the resolution of customer complaints by the REs and the RBI ombudsmen have to be fair and
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India's forex reserves at new over 2-year low amid weak rupee
Updated : 3 years, 4 months ago IST
According to RBI's latest data, India's foreign currency assets, which are the biggest component of the forex reserves, declined by USD 3.59 billion to USD 465.075 billion.
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Dia Vikas Capital, a subsidiary of Opportunity International Australia mak
Updated : 3 years, 4 months ago IST
New Delhi [India], October 28 (ANI/NewsVoir): Dia Vikas Capital Pvt. Ltd., the India based subsidiary of Opportunity International Australia Limited has exited from the RBI registered NBFC-MFI SATYA MicroCapital Ltd. Dia was the initial institutional investor in SATYA.
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RBI calls for additional monetary policy meet to discuss inflation mandate
Updated : 3 years, 4 months ago IST
The meeting has been called under the provisions of Section 45ZN of the Reserve Bank of India (RBI) Act 1934, RBI said in a statement on Thursday.
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RBL Bank posts flat profit in second quarter
Updated : 3 years, 4 months ago IST
The Mumbai-headquartered bank has posted 9 per cent growth in its total revenue to Rs 1,648 crore. Net interest income (NII) grew 16 per cent year-on-year to Rs 1,064 crore while net interest margin (NIM) was at 4.55 per cent.
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RBI Deputy Governor says internationalisation of rupee is a desirable obje
Updated : 3 years, 4 months ago IST
The Deputy Governor said protection from currency volatility not only reduces cost of doing business, it also enables better growth of business, improving the chances for Indian business to grow globally.
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Anshumman Joshi-led Dhanvarsha Group executes Rs 150 crore Private Placeme
Updated : 3 years, 5 months ago IST
New Delhi [India], October 20 (ANI/SRV): Anshumman Joshi-led Dhanvarsha Group, a leading business conglomerate engaged in several sectors including finance and banking, will be investing Rs 150 crore in the share capital of the Samarth Sahakari Bank Ltd. Solapur to convert it into a Small Fi
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Study provides insight into potential animal reservoir of SARS-CoV-2 omicr
Updated : 3 years, 5 months ago IST
Washington [US], October 19 (ANI): Researchers analyzed the structures of the receptor-binding domain (RBD) of the SARS-CoV-2 omicron variant and its receptor, angiotensin-converting enzyme 2 (ACE2), to gain insight into the variant's potential animal reservoir.
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RBI gives in-principle approval to Cygnet to operate as NBFC account aggre
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 18 (ANI): Fintech firm Cygnet on Tuesday said it has received in-principle approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC) account aggregator.
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RBI imposes monetary penalty on Cooperative Bank of Rajkot
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 2 lakh on Gujarat-based The Co-operative Bank of Rajkot for non-compliance with regulations related to awareness schemes.
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Fight against inflation will be dogged and prolonged: RBI
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India has said that its monetary policy remains focussed on realigning inflation within the targeted band but the fight will be "dogged" and "prolonged".
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