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RBI, UAE Central Bank sign MoU to facilitate cross-border CBDC transaction
Updated : 3 years ago IST
Under the MoU, the two central banks will collaborate on various emerging areas of fintech, especially central bank digital currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI.
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India's forex reserves decline by USD 2.4 billion
Updated : 3 years ago IST
India's foreign exchange reserves declined by about USD 2.4 billion to USD 560.003 billion in the week ending on March 10, according to the Reserve Bank of India's latest data.
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Developments in US banking system drives home importance of prudent asset-
Updated : 3 years ago IST
Reserve Bank of India governor Shaktikanta Das, referring to the Silicon Valley Bank shutdown and its aftereffects, has said the developments in the US banking system have brought to the fore the criticality of banking sector regulation and supervision.
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RBI imposes monetary penalty on IGH Holdings over non-compliances
Updated : 3 years ago IST
The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 11.25 lakh on IGH Holdings Private Limited, Mumbai (the company) for some non-compliance with the provisions of RBI Act, among some others.
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Delhi HC asks govt, RBI to respond to Subramanian Swamy's PIL seeking prob
Updated : 3 years ago IST
The Delhi High Court on Friday asked the government, the Reserve Bank of India (RBI), and the Securities Exchange Board of India (SEBI) to file responses of former Rajya Sabha MP Subramanian Swamy's PIL seeking direction to form a committee consisting of experts to investigate into the trans
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Ombudsman scheme is single-window facility for plaints redressal against R
Updated : 3 years ago IST
To increase awareness about the Reserve Bank Integrated Ombudsman Scheme - 2021, a media interaction was organised under the aegis of G20 and on the occasion of World Consumer Rights Day celebrated on March 15.
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Opposition MPs demand summoning of SEBI chief on Adani issue in finance pa
Updated : 3 years ago IST
The opposition MPs on Wednesday demanded that the Standing Committee for Finance summon SEBI Chief and other senior officials of RBI on the Hindenburg report and its findings with regard to industrialist Gautam Adani.
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Retail inflation remains above RBI's target; here's what experts have to s
Updated : 3 years ago IST
Retail inflation in India fell marginally but remained above RBI's 6 per cent upper tolerance band for the second straight month in February, with the Consumer Price Index pegged at 6.44 per cent, government data showed.
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Indian Renewable Energy Development Agency gets 'Infrastructure Finance Co
Updated : 3 years ago IST
The Reserve Bank of India (RBI) granted an 'Infrastructure Finance Company (IFC)' status to Indian Renewable Energy Development Agency (IREDA) today. It was earlier classified as an 'Investment and Credit Company (ICC)', as per an official release.
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India's retail inflation above RBI's target level for second month
Updated : 3 years ago IST
Retail inflation in India remained above RBI's upper tolerance band for the second straight month in February 2023, with the Consumer Price Index pegged at 6.44 per cent, government data released on Monday showed.
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India's forex reserves rise for first time in 5 weeks to USD 562.40 bn
Updated : 3 years ago IST
The reserves rose USD 1.46 billion at the end of last week after falling by a total of USD 15.8 billion in the previous four weeks, the RBI's statistical supplement showed on Friday.
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Greater challenges will emerge as markets become more developed, interconn
Updated : 3 years ago IST
Delivering a keynote address on 'Self-Regulation in Financial Markets - Looking Back and Looking Ahead' in Egypt, the deputy governor said, "Going ahead, greater challenges will emerge as the markets become more developed and interconnected, and as the range of products expand."
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