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RBI finalizes framework for recognizing self-regulatory organizations in t
Updated : 1 year, 9 months ago IST
According to RBI, this initiative, initially introduced as a draft on January 15, 2024, has now been refined based on feedback from various stakeholders.
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RBI's dividend transfers to ease near-term deposit accretion woes; Medium-
Updated : 1 year, 9 months ago IST
This transfer, coupled with the subsequent government spending, will bolster the central government's fiscal position, enabling potential additional spending or fiscal consolidation.
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Government's thrust on capex, fiscal consolidation paint bright picture fo
Updated : 1 year, 9 months ago IST
he outlook for the Indian economy remains bright, backed by a sustained strengthening of various macroeconomic fundamentals, robust financial and corporate sectors, said Reserve Bank of India in its annual report published on Thursday.
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Faced with RBI scrutiny, ECL Finance and Edelweiss Asset Reconstruction Co
Updated : 1 year, 9 months ago IST
Both ECL Finance and Edelweiss Asset Reconstruction Company, upon which RBI put certain restrictions on Wednesday, asserted that there won't be any material impact on the companies arising out of these orders.
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RBI imposes business restrictions on ECL Finance Limited, Edelweiss Asset
Updated : 1 year, 9 months ago IST
This decisive action comes in response to supervisory concerns identified during recent examinations, as per RBI release.
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Asset Reconstruction Companies not working as per their mandate to reconst
Updated : 1 year, 9 months ago IST
The Reserve Bank of India raised alarm on the functioning of the Asset Reconstruction Companies (ARCs) by highlighting that the ARCs not working as per their mandate to reconstruct and recover the assets
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RBI unveils PRAVAAH portal, retail direct app, and fintech repository for
Updated : 1 year, 9 months ago IST
The PRAVAAH (Platform for Regulatory Application, Validation and Authorisation) portal will allow any individual or entity to easily apply online for various regulatory approvals, the RBI said in a notification.
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RBI imposes monetary penalty on Yes Bank and ICICI Bank
Updated : 1 year, 9 months ago IST
The Reserve Bank of India (RBI) has imposed monetary penalty on Yes Bank and ICICI Bank for non-compliances with certain directions issued by it.
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Faced with RBI audit, IIFL Finance delays Board meet for earnings release
Updated : 1 year, 9 months ago IST
In early March this year, RBI directed IIFL Finance to stop sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.
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RBI's Rs 2.11 lakh dividend provides near term support to fiscal performan
Updated : 1 year, 9 months ago IST
The Rs 2.11 lakh all-time high dividend by Reserve Bank of India, will help the government in maintaining the fiscal deficit at targeted 5.1 per cent for the year 2024-25. Fitch Ratings says, the high dividend by RBI could even lower FD below the target.
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India's forex reserves jump third week to hit fresh lifetime high
Updated : 1 year, 9 months ago IST
India's foreign exchange reserves rose for the third straight week, by USD 4.549 billion to USD 648.700 billion in the week that ended on May 17, according to data shared by the Reserve Bank of India (RBI). In the process, they touched a fresh lifetime high.
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RBI's record dividend of Rs 2.11 lakh crore will be a booster for new govt
Updated : 1 year, 10 months ago IST
The fiscal deficit of the government to reduce by 30-40 basis points from the budgeted level of 5.1 per cent of GDP, highlights a report by SBI
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