Search For "reserve"
India's forex reserves dip by $5.9 billion to $590.59 billion
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 25 (ANI): India's foreign exchange (forex) reserves slumped by $5.87 billion to $590.588 billion for the week ended June 17 as foreign portfolio investors pulled money out of the Indian equities amid mounting concerns of global recession, the Reserve Bank o
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RBI imposes monetary penalty on Indian Overseas Bank
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 57.50 lakh on Indian Overseas Bank for non-compliance with certain directions of the central bank.
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RBI extends card tokenisation deadline by three months
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) on Friday announced an extension of the deadline for card data storage and tokenisation implementation by another three months to September 30, 2022.
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Inflation expected to remain higher than RBI tolerance level till Dec: Sha
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): India's headline inflation is expected to remain higher than the Reserve Bank of India (RBI) upper tolerance level of 6 per cent till December 2022, RBI Governor Shaktikanta Das has said.
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India's economic prospects challenged by Russia-Ukraine war, says RBI Depu
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain, said the Reserve Bank of India's Deputy Governor Michael Patra.
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Opposition's Presidential candidate Yashwant Sinha gets 'Z' category centr
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): The Central government has provided 'Z' category armed security cover of Central Reserve Police Force to opposition presidential candidate Yashwant Sinha, official sources said on Friday.
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RBI drafts plan on outsourcing of IT services by banks, NBFCs
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): In order to ensure effective management of risks in outsourcing of IT activities by banks, non-banking financial companies, and other regulated entities, the Reserve Bank of India issued a draft 'Master Direction on Outsourcing of IT Services'.
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RBI appoints former SBI official Chalasani in advisory committee of Srei G
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 23 (ANI): The Reserve Bank of India (RBI) on Thursday appointed former State Bank of India official Venkat Nageswar Chalasani as a member in the advisory committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL).
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Division bench reserves Madras HC's order on AIADMK general council meetin
Updated : 3 years, 9 months ago IST
Chennai (Tamil Nadu) [India], June 23 (ANI): A division bench has reserved the Madras High Court's order of refusing to restrain the AIADMK general council meeting on Wednesday for amending party bylaws.
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Chinese banks to provide USD 2.3 bln to Pakistan 'within days' under loan
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 23 (ANI): To cope up with country's dwindling cash reserves, loan of USD 2.3 billion from a Chinese consortium of banks to Pakistan is expected within a "couple of days".
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RBI hiked rates to prevent inflation from corroding economic recovery, MPC
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): The Reserve Bank of India (RBI) Monetary Policy Committee decided to hike the policy repo rate by 50 basis points earlier this month in order to prevent inflation from corroding economic recovery, as per the minutes of the MPC meeting released on
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India's current account deficit falls to $13.4 billion in Q4 of 2021-22
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): India's current account deficit (CAD) declined to $13.4 billion in January-March 2022 from $22.2 billion recorded in the previous quarter, according to data released by the Reserve Bank of India (RBI) on Wednesday.
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