Search For "reserve bank of india rbi"
India's Forex reserves dip by $4.53 billion to $629.75 billion
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], February 5 (ANI): India's foreign exchange (forex) reserves declined by $4.531 billion to $629.755 billion in the week ended January 28 due to a sharp drop in foreign currency assets and fall in the value of gold reserves, the Reserve Bank of India (RBI) data sh
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RBI's Digital Rupee will help curb black money menace
Updated : 4 years, 5 months ago IST
New Delhi [India], February 4 (ANI): The proposed digital rupee to be issued by the Reserve Bank of India (RBI) starting from the next financial year will not only give a boost to the digital economy but also help curb the menace of black money, a senior finance ministry official said.
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RBI cancels licence of Independence Co-operative Bank Limited
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], February 3 (ANI): The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of Nashik-based cooperative lender Independence Co-operative Bank Limited and requested Commissioner for Cooperation and Registrar of Cooperative Societies, Maharasht
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Forex transaction on unauthorised ETPs will lead to penal action, says RBI
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], February 3 (ANI): The Reserve Bank of India (RBI) on Thursday cautioned the people not to undertake forex transactions on unauthorised Electronic Trading Platforms (ETPs) saying it may lead to penal action and loss of money.
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Crypto's like Bitcoin and Ethereum will never become a legal tender: Finan
Updated : 4 years, 5 months ago IST
New Delhi [India], February 2 (ANI): Cryptocurrencies like Bitcoin or Ethereum will never become a legal tender, Finance Secretary TV Somanathan told ANI adding only the digital rupee issued by the Reserve Bank of India (RBI) would be the legal tender.
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Government does not recognize private cryptocurrency as legal tender, dig
Updated : 4 years, 5 months ago IST
New Delhi [India], February 1 (ANI): Noting that digital currency to be issued by the Reserve Bank of India (RBI) will be official and legal tender, Union Commerce and Industry Minister Piyush Goyal on Tuesday said the government does not recognize private cryptocurrencies as legal tender
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India's Forex reserves decline by $678 million to $634.28 billion
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], January 29 (ANI): India's foreign exchange (forex) reserves fell by $678 million to $634.28 billion in the week ended January 21 due to a sharp decline in foreign currency assets, the Reserve Bank of India (RBI) data showed.
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RBI continues to mitigate COVID-19 impact on economy, ensure inflation rem
Updated : 4 years, 5 months ago IST
New Delhi [India], January 29 (ANI): Reserve Bank of India (RBI) Deputy Governor Michael D Patra on Friday informed that RBI remains committed to reviving and sustaining growth on a durable basis and continues to mitigate COVID-19 impact on the economy while ensuring that inflation remains w
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RBI imposes monetary penalty on 8 cooperative banks
Updated : 4 years, 5 months ago IST
Mumbai [India], January 24 (ANI): The Reserve Bank of India (RBI) on Monday imposed penalties on eight cooperative banks due to deficiencies in regulatory compliance.
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India's forex reserves rise by $2.22 billion to $634.96 billion
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], January 22 (ANI): India's foreign exchange (forex) reserves rose by $2.229 billion to $634.965 billion for the week ended January 14, 2022, the Reserve Bank of India (RBI) data showed.
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Priority sector lending can help unlock EV financing market of INR 40,000
Updated : 4 years, 5 months ago IST
New Delhi [India], January 21 (ANI/PR Newswire): A new report by NITI Aayog, RMI, and RMI India outlines the importance of priority sector recognition for retail lending in the electric mobility ecosystem. Titled Banking on Electric Vehicles in India, the report provides considerations and r
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India's forex reserves drop by USD 878 million to USD 632.73 billion
Updated : 4 years, 5 months ago IST
Mumbai [India], January 14 (ANI): India's foreign exchange (forex) reserves fell by USD 878 million to USD 632.736 billion for the week ended January 7, 2022, the Reserve Bank of India (RBI) data showed on Friday.
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