Search For "reserve bank"
Indigo CEO welcomes announcement of issuing E-passport, introduction of di
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): Lauding the Union Budget 2022-23 presented in the Parliament on Tuesday, Indigo Chief Executive Officer Ronojoy Dutta welcomed the new incentives of the government regarding issuing of E-passport and the introduction of digital currency by the Reserve
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30 pc tax on virtual digital assets will help regulate crypto, says Niti A
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): India going to be the first country to implement a digital rupee and a high tax on digital currency to be beneficial for middle-class investors as it sees frequent fluctuations, says Amitabh Kant, CEO of Niti Ayog on Tuesday.
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75 Digital Banking units to be setup in 75 districts by scheduled commerci
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday announced the introduction of Digital Rupee which will be issued by the Reserve Bank of India starting 2022-23, along with the setting up of 75 digital banking units in 75 districts by scheduled commerc
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Cryptocurrency has some financial stability issues, government will take b
Updated : 4 years, 1 month ago IST
New Delhi [India], January 31 (ANI): Al Salvador has adopted Bitcoin but there are still financial stability issues relating to cryptocurrency which have been highlighted by the Reserve Bank of India, Principal Economic Advisor Sanjeev Sanyal said on Monday and noted that the government w
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India's Forex reserves decline by $678 million to $634.28 billion
Updated : 4 years, 1 month 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, 1 month 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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All approvals granted for setting up 'Bad Bank': SBI Chairman
Updated : 4 years, 1 month ago IST
Mumbai [India], January 28 (ANI): State Bank of India (SBI) Chairman Dinesh Kumar Khara said on Friday all the required approvals to set up the National Asset Reconstruction Company or what is popularly called a 'bad bank' has been granted, including by the Reserve Bank of India.
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RBI imposes monetary penalty on 8 cooperative banks
Updated : 4 years, 1 month 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, 2 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, 2 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, 2 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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FSDC sub-committee reviews economic scenario
Updated : 4 years, 2 months ago IST
Mumbai [India], January 13 (ANI): A sub-committee of the RBI's Financial Stability and Development Council (FSDC) met under the chairmanship of Reserve Bank of India Governor Shaktikanta Das to review major developments in the global and domestic economy.
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