Search For "rbi"
Only 10 banks/NBFCs had disruptions due to Microsoft outage: RBI
Updated : 1 year, 8 months ago IST
The Reserve Bank of India has asserted that its assessment showed that only 10 banks and NBFCs had minor disruptions due to the Microsoft outage. The disruptions reported in those entities have "either been resolved or are being resolved", RBI said in a statement.
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India to triple its electronic production by 2025-26: RBI
Updated : 1 year, 8 months ago IST
India's electronic produce has surged to 3 per cent of GDP in 2023-24, highlighted the July 2024, monthly bulletin of the Reserve Bank of India(RBI),
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Household savings are moving to mutual funds from banks impacting their li
Updated : 1 year, 8 months ago IST
The households are choosing the capital markets over the banks to park or invest their savings, highlighted RBI Governor Shaktikant Das during his address at FE Modern BFSI (Banking, Financial Services, and Insurance) Summit 2024 on Friday.
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Too long a period for current food price shock to be termed as transitory,
Updated : 1 year, 8 months ago IST
Faced with food inflation remaining at elevated levels consistently, the Reserve Bank of India on Thursday said that it is too long a period for a food price shock to be termed as transitory.
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India may boost FY25 capex by 8-10 pc amid surging revenues and record RBI
Updated : 1 year, 8 months ago IST
This fiscal boost comes as India reaches a historic financial milestone. The total market capitalization of all stocks listed on the Bombay Stock Exchange (BSE) briefly surpassed USD 5 trillion for the first time, placing India among global giants such as the US, China, Japan, and Hong Kong.
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Brickwork Ratings (BWR) approved by RBI for Bank Risk-Weighting Claims
Updated : 1 year, 8 months ago IST
Bengaluru (Karnataka) [India], July 16: The Reserve Bank of India (RBI) has permitted banks to use the ratings of Brickwork Ratings India Private Limited (BWR) for risk-weighting their claims for capital adequacy purposes, according to a statement released by the RBI on July 10, 2024.
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Industrial activity is expected to gain support from domestic consumption
Updated : 1 year, 8 months ago IST
The Index of Industrial Production (IIP) increased by 5.9 per cent year-on-year in May, up from 5.0 per cent in April, reflecting a healthy surge in industrial activity.
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RBI mandates banks to set up committees for inspection of fraud cases afte
Updated : 1 year, 8 months ago IST
As per the revised directions of Reserve Bank of India (RBI), the lenders have to issue a detailed show-cause notice (SCN) to the persons or entities against whom the fraud allegations are labelled.
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"RBI's numbers have broken false narrative of those who used to speak on u
Updated : 1 year, 8 months ago IST
"During the last 4-5 years, despite the pandemic, there has been record generation of employment. According to RBI, in the last 3-4 years the country has generated employment for 8 crore people. These numbers have broken the false narrative of those who used to speak about unemployment,"
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"Our economy is looking up...": Vice President Jagdeep Dhankar
Updated : 1 year, 8 months ago IST
Vice President Jagdeep Dhankar said on Saturday that he has no doubt that India's economy is looking up, as just in a decade, the country has taken a jump from slot number eleven to five.
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India can become world's second-largest economy by 2031: RBI Dy Governor P
Updated : 1 year, 8 months ago IST
India can become the second largest economy by 2031 and the largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.
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Food inflation will moderate soon, higher inflation may delay rate cut: Ex
Updated : 1 year, 8 months ago IST
After the retail inflation data showed that food inflation in June almost doubled year-on-year to 8.3 percent, economic experts are optimistic that food inflation will decrease in the coming months.
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