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Reserve Bank hosts conference on governance in asset reconstruction compan
Updated : 1 year, 10 months ago IST
According to a press release, the event, themed 'Governance in ARCs - Towards Effective Resolutions', saw the participation of over 80 representatives from all 27 ARCs across the country.
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RBI holds conference for heads of assurance functions at Urban Co-operativ
Updated : 1 year, 10 months ago IST
According to RBI press release, this conference, attended by about 300 participants representing more than 120 UCBs, focused on enhancing the resilience of the financial system through effective assurance functions.
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RBI warns NBFCs: Avoid algorithm-based credit
Updated : 1 year, 10 months ago IST
Addressing a conference of heads of assurance of NBFCs held in Mumbai, Swaminathan J, Deputy Governor, RBI said that many NBFCs are increasingly turning to rule-based credit engines to accelerate the growth of their lending portfolios. He added with concern that while automation can enhance
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There will be two policy rate cuts by the RBI this fiscal: CRISIL
Updated : 1 year, 10 months ago IST
CRISIL's outlook on near term interest rate, expects two rate cuts by Reserve Bank of India (RBI) this fiscal. The outlook of the S&P global company CRISIL estimates real GDP growth of India to moderate to 6.8 per cent in this fiscal from 7.61 per cent last fiscal.
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Monsoon holds key for RBI's future monetary policy actions
Updated : 1 year, 10 months ago IST
As parts of India witness heatwaves this summer, chances of Reserve Bank of India (RBI) cutting key interest rates in have also diminished.
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India's forex reserves rise USD 3.7 billion in latest week
Updated : 1 year, 10 months ago IST
Post three consecutive weeks of decline, India's foreign exchange reserves rose again by USD 3.668 billion to USD 641.590 billion in the week that ended on May 3, RBI data showed.
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RBI appoints R Lakshmi Kanth Rao as new Executive Director
Updated : 1 year, 10 months ago IST
As Executive Director, Rao will look after Deposit lnsurance and Credit Guarantee Corporation, Right to lnformation Act (FAA), Department of Communication.
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RBI likely to transfer Rs 1 trillion to government in FY25
Updated : 1 year, 10 months ago IST
The Reserve Bank of India (RBI) is likely to transfer approximately Rs 1000 billion to the government IN FY25 according to a report by Union Bank of India.
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RBI proposal of higher provisioning for under-construction projects will h
Updated : 1 year, 10 months ago IST
The Reserve Bank of India's (RBI) proposal to set aside 5 per cent of the loan for construction projects, which is significantly higher than the 0.4% that it used to be earlier, has raised the concerns of the builders. The proposal, however, also provisioned it to be lowered to 2.5% when the
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Private digital currencies are potentially dangerous, CBDC a safer alterna
Updated : 1 year, 10 months ago IST
Reserve Bank of India Governor Shaktikanta Das said on Monday that Central Bank Digital Currency (CBDC) or digital currency, can drive financial inclusion and provide a much safer alternative to potentially dangerous private digital currencies.
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Ind-Ra raises FY25 GDP growth estimate to 7.1 pc: Strong government-privat
Updated : 1 year, 10 months ago IST
The new projection slightly exceeds the Reserve Bank of India's (RBI) forecast of 7.0 per cent. The agency's forecast indicates higher growth than RBI's for the first and fourth quarters of FY25 but lower for the second and third quarters.
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REC gets RBI nod to set up subsidiary in GIFT City, Gujarat
Updated : 1 year, 10 months ago IST
REC Limited, a non-banking financial company, has received a No Objection Certificate (NOC) from Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech- City ( GIFT) in Gandhinagar, Gujarat.
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