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RBI keeps policy rates unchanged for 9th consecutive time
Updated : 4 years, 3 months ago IST
Mumbai [India], December 8 (ANI): Amid growing concern about the impact of the new strain of Coronavirus on the economy the Reserve Bank of India (RBI) on Wednesday stuck to its "wait and watch" policy keeping the key lending rates unchanged for the ninth consecutive time.
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RBI keeps interest rates untouched, continues accommodative stance
Updated : 4 years, 3 months ago IST
New Delhi [India], December 8 (ANI): The Reserve Bank of India (RBI) maintained a status quo on key rates, keeping the repo rate unchanged, in its bi-monthly policy review announced on Wednesday.
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Equity benchmark indices close in green; Sensex up by 886 points as all se
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], December 7 (ANI): Ahead of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting tomorrow, the Indian equity market closed in the green on Tuesday as all sectors gained.
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RBI may keep policy rates steady amid Omicron scare
Updated : 4 years, 3 months ago IST
New Delhi (India), December 7 (ANI): The Reserve Bank of India (RBI) is expected to maintain a status quo on key rates in its bi-monthly policy review to be announced on Wednesday as Omicron, a new strain of Coronavirus, adds to the economic uncertainties.
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Insolvency proceedings against Reliance Capital begin; RBI files applicati
Updated : 4 years, 3 months ago IST
New Delhi [India], December 3 (ANI): The Reserve Bank on Thursday filed an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) against Reliance Capital under sections of Insolvency and Bankruptcy Code, 2016 at the Mumbai Bench of the National Company Law Trib
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Reliance Capital welcomes RBI's decision, blames complexity of litigation
Updated : 4 years, 4 months ago IST
New Delhi [India], November 30 (ANI): Reliance Capital Limited welcomed the Reserve Bank of India's (RBI) decision to resolve the company's debt in accordance with the Insolvency and Bankruptcy (IBC) Code.
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Modi govt gave relief to depositors of failed Cooperative Bank: Tejaswi Su
Updated : 4 years, 4 months ago IST
New Delhi [India], November 29 (ANI): South Bengaluru MP Tejaswi Surya on Monday said the disbursal of Rs 5 lakh deposit insurance to the depositors of the Sri Guru Raghavendra Cooperative Bank is a big reprieve provided by the Narendra Modi-led government.
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RBI imposes Rs 1 crore penalty on Union Bank of India for non-compliance w
Updated : 4 years, 4 months ago IST
New Delhi [India], November 29 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on the Union Bank of India (UBI) for non-compliance with certain provisions of its directions relating to fraud classification and reporting and sale of stressed assets.
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RBI supersedes Reliance Capital board, to start insolvency process
Updated : 4 years, 4 months ago IST
New Delhi [India], November 29 (ANI): The Reserve Bank of India (RBI) on Monday superseded the board of directors of Reliance Capital Ltd (RCL) in view of the defaults by the company in meeting various payment obligations to its creditors and "serious governance concerns which the Board has
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RBI imposes monetary penalty on State Bank of India
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], November 27 (ANI): The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India for contravention of section 19 (2) of the Banking Regulation Act, 1949 (the Act), informed RBI.
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Cryptocurrency bill among 26 new legislations on government's agenda for w
Updated : 4 years, 4 months ago IST
New Delhi [India], November 23 (ANI): A bill to prohibit all private cryptocurrencies in India and to create a facilitative framework for the creation of official digital currency to be issued by RBI is on the agenda of the government for the winter session of parliament.
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Delhi police arrests man for cheating investors
Updated : 4 years, 4 months ago IST
New Delhi [India], November 19 (ANI): Delhi Police Economic Offences Wing has arrested one for allegedly cheating innocent investors of their money after inducing them to invest in his company and promising assured returns.
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