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Government extends term of RBI Dy Governor Michael Patra by one year
Updated : 3 years, 2 months ago IST
As per the RBI statement, Patra has been re-appointed for a further period of one year with effect from January 15, 2023, or until further orders, whichever is earlier.
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RBI imposes Rs 3-lakh penalty on Shirpur Peoples' Co-operative Bank in Mah
Updated : 3 years, 2 months ago IST
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, RBI said.
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RBI imposes monetary penalty on 5 cooperative banks for rules violation
Updated : 3 years, 2 months ago IST
The Reserve Bank of India (RBl) has imposed a monetary penalty on five cooperative banks for some contravention or for non-compliance with varied central bank directions.
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Policies need to create congenial climate for attracting new private inves
Updated : 3 years, 2 months ago IST
Speaking on raising productivity during a conference held by the International Monetary Fund, Reserve Bank of India Governor Shaktikanta Das on Friday said while sustained and broad-based economic recovery remains the current policy focus, it is necessary to undertake deep structural reforms
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RBI to issue sovereign green bonds in two tranches
Updated : 3 years, 2 months ago IST
The proceeds will be deployed in public sector projects which help in reducing the carbon intensity of the economy
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South Asian region contributes 15% to global growth, led by India and Bang
Updated : 3 years, 2 months ago IST
The Governor was speaking at a conference, organised by the International Monetary Fund (IMF), on Friday. He was talking along the lines of the South Asian region's macroeconomic challenges and policy priorities. The governor also said, "The priority for South Asian region, including Indi
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Mahindra Finance says RBI lifted restrictions on loan recovery via outsour
Updated : 3 years, 2 months ago IST
On September 22, 2022, the RBI directed Mahindra and Mahindra Financial Services Limited to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders.
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Cash in circulation has increased as economy grew in past six years: Exper
Updated : 3 years, 2 months ago IST
According to Reserve Bank of India (RBI) data, six years after the move to ban Rs 500 and Rs 1000 notes, currency in circulation increased by 83 per cent and the value of the currency in circulation as on December 23, 2022, stood at Rs 32.42 lakh crore.
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RBI slaps Rs 4-lakh penalty on Sharad Sahakari Bank in Pune.
Updated : 3 years, 2 months ago IST
The central bank said this action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
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SC holds demonetisation valid, says "can't be set aside because it caused
Updated : 3 years, 2 months ago IST
A five-judge Constitution bench held that merely because some citizens suffered hardships due to demonetisation, it was not reason enough to hold the exercise illegal.
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SC to pronounce verdict on pleas challenging Centre's demonetisation polic
Updated : 3 years, 2 months ago IST
The Supreme Court on Monday will pronounce its verdict on a batch of petitions challenging the decision taken by the union government in 2016 to demonetise the currency notes of Rs 500 and Rs 1,000 denominations.
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RBI survey for price movements, inflation assessment launched
Updated : 3 years, 2 months ago IST
In the January 2023 round, the survey will be conducted across 19 cities and the inputs will be useful for the monetary policy.
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