Search For "reserve bank"
SBI says monetary policy reflects India's high growth and low inflationary
Updated : 1 year, 11 months ago IST
The country's largest public sector bank State Bank of India said the monetary policy statement of the RBI reflected India's high growth and low inflation. Reacting to the central bank maintaining the status quo in the repo rate, SBI Chairman Dinesh Khara said
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RBI cancels registration of four non-banking financial companies
Updated : 1 year, 11 months ago IST
Those companies are Uttar Pradesh-based Kundles Motor Finance Private Limited, Tamil Nadu-based Nithya Finance Limited, Punjab-based Bhatia Hire Purchase Pvt Ltd, and Himachal Pradeesh-based Jiwanjyoti Deposits and Advances Limited.
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Industry hails RBI's Monetary policy decisions
Updated : 1 year, 11 months ago IST
Industry welcomes Reserve Bank of India decisions in its first monetary policy report of FY 25. One of the key highlights of the report is the RBI's decision to maintain the repo rate at its current level, a move that has been widely applauded by industry leaders.
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Wheat price won't be affected, vegetable needs to be watched out: RBI Gove
Updated : 1 year, 11 months ago IST
Reserve Bank of India Governor Shaktikanta Das has said that the heatwave predictions in the coming months won't impact wheat prices, but the impact on vegetable prices needs to be watched out.
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RBI proposes cash deposits through UPI; widens digital currency for retail
Updated : 1 year, 11 months ago IST
The Reserve Bank of India has proposed the idea of depositing cash in Cash Deposit Machines (CDMs) using UPI mechanism, in what could be another boost to already widely recognised technology.
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RBI keeps repo rates unchanged at 6.5 pc after first Monetary Policy meeti
Updated : 1 year, 11 months ago IST
This is the seventh consecutive meeting that the MPC has maintained a status quo on the repo rate. The repo rate, is the interest rate at which banks draw funds from RBI to overcome short-term liquidity mismatches.
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RBI Monetary Policy Meeting: Central Bank likely to keep rates steady
Updated : 1 year, 11 months ago IST
The first Monetary Policy Committee (MPC) meeting of financial year 2025 will be held on Friday, and the Reserve Bank of India is unlikely to cut rates.
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MPC Meet: RBI is unlikely to cut rates, likely to maintain status quo
Updated : 1 year, 11 months ago IST
Experts believe the central bank is very likely to maintain the status quo on interest rates along with caution on inflation and the geo-political outlook
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RBI set to hold first monetary policy review in 2024-25; rate cut unlikely
Updated : 1 year, 11 months ago IST
The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators.
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Unlocking Hidden Value: The Rise of South-Facing Plots in Tamil Nadu's Rea
Updated : 1 year, 11 months ago IST
Chennai (Tamil Nadu) [India], April 2: The cardinal directions of the compass - North, East, West, and South - hold significance beyond mere geographical orientation; they form an integral aspect of the ancient architectural science known as Vastu Shastra. People often consult these directio
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Rs 2000 banknotes: Rs 8,202 crore or 2.3% still in circulation
Updated : 1 year, 11 months ago IST
The window for depositing and/or exchanging the Rs 2,000 banknotes continues to be available at the 19 issue offices of the RBI.
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With AI and blockchain, RBI should study a new banking structure to fund f
Updated : 1 year, 11 months ago IST
Speaking at the 90th-anniversary celebration of the Reserve Bank of India (RBI), Prime Minister Narendra Modi on Monday asked the central bank to assess a newer banking structure to fund future needs.
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