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RBI may shift monetary stance to 'Neutral'; rate cuts likely by December 2
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from current 'withdrawal of accommodation' in credit policy this month, rate cuts likely to commence from December, according to a report by Nuvama.
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RBI appoints Aviral Jain as new Executive Director
Updated : 1 year, 5 months ago IST
As Executive Director, Jain will look after the Legal Department, Premises Department and Right to Information Act (First Appellate Authority).
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India's foreign exchange reserves cross USD 700 billion first time
Updated : 1 year, 5 months ago IST
India's foreign exchange reserves scaled a new high again, crossing the USD 700 billion milestone.
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RBI's potential 50 bps rate cut will have 15-20 bps impact on bank's net i
Updated : 1 year, 5 months ago IST
If the Reserve Bank of India goes for a potential 50 basis point (bp) cut in the repo rate, it is expected to negatively impact the net interest margins (NIMs) of large private banks by 15-20 basis points, highlighted a report by Nomura.
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RBI unlikely to cut rate as India's growth is higher than potential output
Updated : 1 year, 5 months ago IST
With India experiencing strong economic growth, the Reserve Bank of India (RBI) is unlikely to announce any rate cuts in its upcoming monetary policy meeting, says a report from the State Bank of India (SBI).
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RBI is unlikely to cut rate or change status in Oct 9 monetary policy: BoB
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) is expected to uphold the status quo on both policy rate and stance for the tenth consecutive time in its October policy meet, says a research report by the Bank of Baroda (BoB).
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Monetary Policy Committee of RBI reconstituted with new members
Updated : 1 year, 5 months ago IST
The central government has reconstituted the Monetary Policy Committee (MPC) under the provisions of the Reserve Bank of India (RBI) Act, 1934, the Ministry of Finance said in a statement.
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RBI finds irregular practices in loans against pledge of gold ornaments, e
Updated : 1 year, 5 months ago IST
RBI has found irregular practices in the grant of loans against pledges of gold ornaments and jewelry by some entities. It has thus advised all "supervised entities" to comprehensively review their policies, processes, and practices on gold loans to identify gaps.
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"2014-2024 saw jobloss growth": Congress leader Jairam Ramesh slams govt
Updated : 1 year, 5 months ago IST
Congress General Secretary in-charge communications Jairam Ramesh on Monday dismissed the central government's claims on creating eight crore employment opportunities between 2021 and 2024 and 6.2 crore net subscribers joining the EPFO database and said that 2014-24 has seen "jobloss growth.
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BharatLoan Goes Live with Scienaptic Credit BRE Platform's Account Aggrega
Updated : 1 year, 5 months ago IST
Bangalore (Karnataka) [India]/ New York [US], September 30: Leading global AI-powered credit underwriting platform provider Scienaptic AI announced today that BharatLoan has completed implementation and is live on its credit BRE platform and Account Aggregator journey. This deployment is ena
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Fossil fuel dominance in electricity generation to end by 2030, renewable
Updated : 1 year, 5 months ago IST
The dominance of the fossil fuels in the electricity generation will end by the end of the decade said RBI in its latest report.
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India's forex reserve touches fresh record high of USD 692.3 billion
Updated : 1 year, 5 months ago IST
India's foreign exchange reserves scaled a new high of USD 692.296 billion, jumping by USD 2.838 billion in the week that ended on September 20, as per the data released by the Reserve Bank of India (RBI) on Friday.
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