Search For "reserve bank"
RBI directs banks to implement beneficiary name look-up for RTGS, NEFT tra
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) has directed banks giving Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) services to introduce beneficiary account name look-up facility to customers for fund Transfers by April 1, 2025.
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Indian household debt rising but relatively low compared to other emerging
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) has highlighted that while household debt in India has been on the rise over the past three years, it remains relatively low compared to other emerging market economies (EMEs).
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Net claims of non-residents on India decline USD 19.8 billion during July-
Updated : 1 year, 2 months ago IST
Net claims of non-residents on India refers to the difference between the assets and liabilities held by non-residents in India. As per reports, it indicates the overall financial position or exposure that entities/individuals outside India have in terms of claims (assets) on the country.
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Slump in India's forex reserves continue; declined USD 8.5 billion
Updated : 1 year, 2 months ago IST
India's forex reserves have slumped eleven out of the past 12 weeks, hitting a new multi-month low.
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RBI allows UPI access through prepaid payment instruments for full-KYC thi
Updated : 1 year, 2 months ago IST
This will enable PPI holders to make or receive UPI payments through the mobile application of third-party UPI applications.
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"Indelible legacy...": Union Minister Jyotiraditya Scindia expresses grief
Updated : 1 year, 2 months ago IST
Union Minister Jyotiraditya Scindia on Friday expressed grief over the demise of former Prime Minister Manmohan Singh while offering condolences to his family and said that he left an "indelible legacy."
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"Will continue to inspire all generations to come": Delhi CM Atishi pays l
Updated : 1 year, 2 months ago IST
Delhi Chief Minister Atishi on Friday paid her last respects to former Prime Minister Dr Manmohan Singh and expressed that his legacy will continue to inspire all generations to come.
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Personal Loans and Services Sector are key drivers of banks credit growth:
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) has highlighted that bank credit growth in 2023-24 has been broad-based, with the personal loan and services sectors leading the expansion. This was followed by credit growth in agriculture and the industrial sectors, the report noted.
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RBI highlights NBFCs' high dependence on banks, calls for diversified fund
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) has highlighted the need for Non-Banking Financial Companies (NBFCs) to diversify their sources of funding as a key risk mitigation strategy.
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RBI sets up 8-member committee to recommend framework for ethical AI in fi
Updated : 1 year, 2 months ago IST
Reserve Bank of India has set up an eight-member committee, comprising experts from diverse fields, to recommend a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector.
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Demand for work under MGNREGA remained low in 2024, suggests improved rura
Updated : 1 year, 2 months ago IST
The demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has remained subdued in most months of the current financial year, according to a report by the Reserve Bank of India (RBI).
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Gender budgeting share in total expenditure rises to 6.8% from 4.5% in 201
Updated : 1 year, 2 months ago IST
India has completed 20 years of implementing gender budgeting policies, with the share of the gender budget in the total expenditure rising to 6.8 per cent in 2024 from 4.5 per cent in 2014, according to a report by the Reserve Bank of India (RBI).
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