Search For "reserve bank"
RBI to announce monetary policy today, another pause in repo rate most lik
Updated : 2 years, 3 months ago IST
Financial market participants in India will closely monitor the outcome and the policy stance of the central bank, the Reserve Bank of India (RBI), to be announced at 10 am Friday (today), for fresh cues. As things stand, the monetary policy committee is most likely to maintain status quo
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RBI cancels licence of Uttar Pradesh-based Urban Co-operative Bank
Updated : 2 years, 3 months ago IST
The Reserve Bank of India (RBI) has cancelled the license of Urban Co-operative Bank Ltd., Sitapur, in Uttar Pradesh. The bank now ceases to carry on banking business, with effect from the close of business Thursday.
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IDFC FIRST Bank Changes the Credit Card Transaction Game with the Introduc
Updated : 2 years, 3 months ago IST
Mumbai (Maharashtra) [India], December 7: Keeping in sync with its focus on enhancing customer convenience and revolutionizing transactional experiences, IDFC FIRST Bank announces the launch of their IDFC FIRST Bank digital RuPay Credit Card, powered for UPI.
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RBI, Bank of England sign MoU on exchange of information related to Cleari
Updated : 2 years, 3 months ago IST
The Reserve Bank of India (RBI) and the Bank of England (BoE) have signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information concerning Clearing Corporation of India Limited (CCIL).
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2.7% of Rs 2,000 banknotes still in circulation; here's how you can deposi
Updated : 2 years, 3 months ago IST
The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023, the date on which RBI decided to withdraw the banknote. As of November 30, it was at Rs 9,760 crore.
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Get a Bajaj Finserv Gold Loan Starting from Rs. 5,000 at Low Rates of Inte
Updated : 2 years, 3 months ago IST
Pune (Maharashtra) [India], November 29: In the constantly changing world of personal finance, people are always looking for practical and accessible ways to address their sudden and unexpected financial needs. Among the various financial options out there, gold loans have proven to be a fle
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Rs 30,000 crore worth of government securities to be auctioned on December
Updated : 2 years, 3 months ago IST
According to a press release by the Ministry of Finance, the securities to be auctioned include the '7.37 per cent Government Security 2028' with a notified amount of Rs 7,000 crore, the '7.18 per cent Government Security 2033' with a notified amount of Rs 13,000 crore, and the '7.30 per cen
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RBI supersedes Board of Directors of Abhyudaya Cooperative Bank for 12 mon
Updated : 2 years, 3 months ago IST
The action against the Abhyudaya Cooperative Bank Ltd was needed due to "certain material concerns emanating from poor governance standards" observed in the bank.
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Banks, NBFCs must stress test their books, suggests RBI Governor
Updated : 2 years, 3 months ago IST
Reserve Bank of India governor Shaktikanta Das on Wednesday once again called upon banks and non-banking financial companies (NBFCs), among other financial entities to continue to do stress testing of their books.
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UGRO Capital to remain unaffected after RBI tighten norms
Updated : 2 years, 3 months ago IST
New Delhi [India], November 22: After the Reserve Bank of India (RBI) tightened norms for consumer credit, the DataTech driven dedicated MSME lender UGRO Capital said that with its diversified lender base, strong co- lending partnerships and focus on priority sector led MSME, they do not exp
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RBI bulletin unveils economic insights: Global slowdown, monetary expectat
Updated : 2 years, 4 months ago IST
According to the RBI bulletin, the Global economy shows signs of a slowdown, with manufacturing lagging and services sector growth reaching a plateau.
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RBI orders Bajaj Finance to stop disbursing loans via 'eCOM' and 'Insta EM
Updated : 2 years, 4 months ago IST
In a statement, the RBI said the company did not adhere to the digital lending guidelines under these two lending products.
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