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Economic recovery key to limiting Indian banks' loan losses: Fitch
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra), October 6 (ANI): Indian banks face a tough operating environment in the near term as stressed loans and write-offs increase as a result of the economic fallout from the coronavirus pandemic, Fitch Ratings said on Tuesday.
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RBI to announce monetary policy on Oct 9
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 6 (ANI): The next meeting of Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) will be held from October 7 to 9, the central bank said on Tuesday.
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SC dissatisfied with affidavit on moratorium, interest waiver; orders Cent
Updated : 5 years, 5 months ago IST
New Delhi [India], October 5 (ANI): Dissatisfied with an affidavit filed on two petitions, seeking an extension of the moratorium period on the repayment of loans and waiver of interest on "loans up to Rs 2 crore" in the wake of the COVID-19 pandemic, the Supreme Court on Monday directed
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Net claims of NRIs stood at USD 345.7 billion at end-June 2020: RBI
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI): The net claims of non-residents of India declined for the fourth consecutive quarter and stood at USD 345.7 billion at end-June 2020, according to an RBI release on Wednesday.
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States, UTs to borrow over Rs 2 lakh cr from markets during Oct-Dec 2020 q
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI): The Reserve Bank of India (RBI) on Wednesday announced that the quantum of total market borrowings by the state governments and Union Territories for the quarter October-December 2020 is expected to be Rs 2,02,242.35 crores an official sta
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India's current account balance records surplus of USD 19.8 billion in Q1
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI): India's current account balance (CAB) recorded a surplus of USD 19.8 billion (3.9 per cent of GDP) in the April-June quarter (Q1) of 2020-21, Reserve Bank of India (RBI) said in a press release on Wednesday.
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MSP for Khariff crops to be announced on October 1: Andhra CM
Updated : 5 years, 5 months ago IST
Amaravati (Andhra Pradesh) [India], September 29 (ANI): Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Tuesday said that the minimum support price (MSP) of the crops will be announced on October 1 and the list should be displayed at all Rythu Bharosa Kendras (RBKs) by October 5.
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RBI extends enhanced borrowing limit for banks under MSF till March 31
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 29 (ANI): The Reserve Bank of India (RBI) has extended the enhanced borrowing facility provided to banks by six months to meet liquidity shortage till March 31, 2021.
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RBI postpones MPC meet on key interest rates
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 28 (ANI): The Reserve Bank of India (RBI) has rescheduled the meeting of its Monetary Policy Committee (MPC) which was to be held from September 29 to October 1.
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RBI approves 3-member committee of directors to manage Lakshmi Vilas Bank
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 28 (ANI): The Reserve Bank of India (RBI) has approved a three-member committee of directors to run the day-to-day functioning of cash-strapped Lakshmi Vilas Bank.
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RBI authorises Vakrangee to manage Bharat Bill payments
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 25 (ANI): The Reserve Bank of India (RBI) has authorised non-banking company Vakrangee Ltd to manage services under the scope of Bharat Bill Payment System.
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RBI asks urban co-op banks to adopt robust cyber security infrastructure
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sep 24 (ANI): The Reserve Bank of India (RBI) on Thursday asked urban cooperative banks (UCBs) to bring their cyber security systems at par with other banks to combat online threats.
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