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99.3% demonetised notes returned to banks: RBI
Updated : 7 years, 10 months ago IST
New Delhi [India], Aug 29 (ANI): The Reserve Bank of India (RBI) in its annual report for the year 2017-18 stated that 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system.
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MSME worst hit by GST, Demonetisation, says RBI study
Updated : 7 years, 10 months ago IST
New Delhi [India], Aug 18 (ANI): A recent study by the Reserve Bank of India (RBI) has noted that the Micro, Small and Medium Enterprises (MSMEs) have been adversely hit by the Goods and Services Tax (GST) roll-out and Demonetisation, which had a significant impact on the overall credit of t
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SBI posts Rs 4,876 crore net loss for Q1
Updated : 7 years, 11 months ago IST
New Delhi (India), Aug 11 (ANI): The State Bank of India (SBI) on Friday posted a net loss of Rs, 4,876 crore in the first quarter ended on June 30, 2018. The bank has also stated that it has kept aside the mark-to-market provision of Rs, 5,900 crores and not used the dispensation provided b
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RBI to transfer Rs 50,000Cr surplus funds to Centre
Updated : 7 years, 11 months ago IST
New Delhi (India), Aug 8 (ANI): The Reserve Bank of India (RBI) on Wednesday announced the transfer of surplus funds amounting to Rs 50000 crore for the year ended June 30, to the Government of India.
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S Gurumurthy, Satish Marathe appointed to RBI board
Updated : 7 years, 11 months ago IST
New Delhi [India], August 8 (ANI): The Centre has appointed Rashtriya Swayamsevak Sangh(RSS)-affiliate Swadeshi Jagaran Manch co-convenor Swaminathan Gurumurthy and businessman Satish Kashinath Marathe to the Central Board of the Reserve Bank of India (RBI).
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Parliamentary panel calls to simplify processing of LC's
Updated : 7 years, 11 months ago IST
New Delhi [India], Aug 6 (ANI): The Parliamentary Standing Committee on Commerce on Monday said that the Reserve Bank of India (RBI) did not make enough consultations before discontinuing the issue of the Letter of Understanding (LoU)/Letter of Comfort (LoC) while terming the move as a `knee
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Considerable uncertainty around impact of MSP schemes, says RBI
Updated : 7 years, 11 months ago IST
New Delhi [India], Aug 1 (ANI): The Reserve Bank of India (RBI) Deputy Governor Viral Acharya on Wednesday said that the impact of MSP hike on projections is a challenging task.
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RBI retains GDP growth at 7.4% in FY19
Updated : 7 years, 11 months ago IST
New Delhi [India], Aug 1 (ANI): The Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday said that Monetary Policy committee (MPC) has projected the GDP growth at 7.4% for this fiscal year as in the June statement.
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RBI hikes repo rate by 25 basis points to 6.50%
Updated : 7 years, 11 months ago IST
New Delhi [India], Aug 1 (ANI): The Reserve Bank of India (RBI) on Wednesday hiked the repo rate by 25 basis points to 6.50 per cent while maintaining neutral stance on the stability in the market.
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RBI should prove credibility of demonetisation: VP
Updated : 7 years, 11 months ago IST
New Delhi [India], July 23 (ANI): Vice President M Venkaiah Naidu on Monday urged the Reserve Bank of India to prove credibility of the money deposited in banks after the Centre's demonetisation move at the earliest in order to maintain the credibility of the reform.
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Twitter amused over new Rs 100 note
Updated : 7 years, 11 months ago IST
New Delhi [India], Jul 20 (ANI): Seems like the new Rs. 100 note, announced by The Reserve Bank of India (RBI) on Thursday, has taken Twitter by storm.
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RBI to issue new Rs 100 denomination banknotes
Updated : 7 years, 11 months ago IST
New Delhi [India], July 19 (ANI): The Reserve Bank of India (RBI) will shortly issue Rs 100 denomination banknotes in the Mahatma Gandhi (New) Series, bearing the signature of the bank’s governor, Dr Urjit R. Patel.
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