Search For "rbi"
Centre cautions investors on risks of dealing with virtual currencies
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 29 (ANI): Taking cognisance of the recent rising popularity of investing in virtual currencies (VCs) like Bitcoins, the Ministry of Finance issued a statement on Friday, cautioning investors regarding risks of dealing with cryptocurrencies.
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RBI, Finance Ministry review govt's borrowing programme before Budget
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 27 (ANI): The Ministry of Finance on Wednesday released a notification for reviewing the borrowing programme of the government.
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FM Jaitley puts end to speculations over Rs. 2,000 notes
Updated : 8 years, 3 months ago IST
Gandhinagar (Gujarat) [India], Dec 22 (ANI): Union Finance Minister Arun Jaitley on Friday put an end to all rumors about the Reserve Bank of India (RBI) holding back Rs. 2000
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PCA framework not intended to constrain normal banking operations, says RB
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 22 (ANI): The Reserve Bank of India (RBI) on Friday clarified that the Prompt Corrective Action (PCA) framework is not intended to constrain normal operations of the banks for the general public.
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SBI report suggests, RBI may be holding back Rs2,000 notes
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 21 (ANI): A recent State Bank of India (SBI) report indicated that the Reserve Bank of India (RBI) may either be holding back Rs2,000 notes or could have stopped its printing of the high-value note.
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AU Small Finance Bank joins hands with Sahaj e-Village
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 19 (ANI): AU Small Finance Bank has announced signing an MoU with Sahaj e-Village for extending its banking service in remote areas through Business Correspondent Agent (BC) model.
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RBI imposes Rs. 30 mn penalty on IndusInd Bank
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI):The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 30 million on IndusInd Bank for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and contravention of regulatory restrictions per
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OBOPAY Secures a Pre-paid Instrument License from RBI
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI-NewsVoir):OBOPAY, the global mobile payment solutions company, recently announced that the company has secured alicense for Prepaid Payment Instrument (PPI) from the Reserve Bank of India to operate a semi-closed loop wallet in the country.
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OBOPAY gets a pre-paid instrument license from RBI
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI): OBOPAY has secured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India to operate a semi-closed loop wallet in the country, the global mobile payments company said.
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Retail inflation in November sees uptick to 4.88 percent
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 12 (ANI): India's retail inflation on Tuesday grew at 4.88 percent in November, citing an increase in foods and oil prices.
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'Farm loan waiver cannot be justified in economic terms'
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 11 (ANI): With farm loan waiver being a populist election promise in the ongoing Gujarat elections, Former Reserve Bank of India (RBI) Governor Y.V. Reddy today said that the practice is the decision of the political dispensation and cannot be justified in economic ter
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Growth rate likely to be 6.5 pct for current fiscal year, says C. Rangaraj
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 11 (ANI): Former RBI Governor C. Rangarajan today said that the economy is coming out of the phase of slow growth and estimated that the GDP growth rate for the current financial year is likely to be 6.5 percent
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