Search For "the reserve bank of india"
Central bank deputies discuss globally-coordinated approach to unbacked cr
Updated : 3 years, 7 months ago IST
The Ministry of Finance and the Reserve Bank of India jointly hosted the three-day gathering, with discussions on the "Finance Track" agenda under India's G20 Presidency. Day 1 saw different sessions on global economy, international financial architecture, infrastructure and sustainable fina
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RBI report on inflation mandate failure cannot be made made public, govern
Updated : 3 years, 7 months ago IST
Union minister of state in the ministry of finance Pankaj Chaudhary on Monday informed Lok Sabha that the relevant section of the RBI Act, 1934, does not provide provisions to the Reserve Bank of India for making the report, which was written to the Centre after having failed to fulfil its i
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Indian Rupee strong against every currency, RBI intervened in markets: Sit
Updated : 3 years, 7 months ago IST
Replying to a question in Lok Sabha, Sitharaman said the Reserve Bank of India has used the available foreign exchange reserves that it had in order to intervene in the markets to make sure that the Dollar-Rupee does not fluctuate too much.
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First G20 Finance, Central Bank Deputies meeting in Bengaluru will focus o
Updated : 3 years, 7 months ago IST
The first G20 Finance and Central Bank Deputies (FCBD) meeting is scheduled to be held during 13-15 December 2022 in Bengaluru. This meeting, which will mark the start of discussions on the Finance Track agenda under the Indian G20 Presidency, will be hosted jointly by the Ministry of Financ
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Adjusted for inflation, policy rate still remains accommodative, says RBI
Updated : 3 years, 7 months ago IST
According to the statement of the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said consequently, the standing deposit facility (SDF) rate stands adjusted to 6 per cent, and the marginal standing facility (MSF) rate and the bank rate to 6.50 per cent.
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Bank of Baroda expects 25-35 basis points rate hike from Dec 5-7 RBI polic
Updated : 3 years, 7 months ago IST
The Reserve Bank of India's three-day monetary policy committee meeting commences today. Financial markets will be keenly watching the committee's stance as consumer inflation is still above the 6 per cent target band.
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RBI's 3-day monetary policy meet to start today; all eyes on rate hike sta
Updated : 3 years, 7 months ago IST
The Reserve Bank of India's three-day monetary policy committee meeting is set to commence today. Financial markets will be keenly watching the committee's rate hike stance if any, as inflation is still above the 6 per cent target band.
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India's forex reserves rise for third straight week
Updated : 3 years, 7 months ago IST
India's foreign exchange reserves during the week that ended on November 25 rose by USD 2.89 billion to USD 550.14 billion, the Reserve Bank of India data showed on Friday evening. This is the third consecutive week of rising reserves.
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Biocon subsidiary completes acquisition of Viatris for USD 3 billion
Updated : 3 years, 7 months ago IST
According to a statement by the pharma company, Biocon Biologics and Viatris have obtained all applicable approvals from key global regulators including the US Federal Trade Commission, the Competition Commission of India and the Reserve Bank of India, and its investors, respectively.
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RBI imposes Rs 50-lakh fine on Bharat Co-operative Bank
Updated : 3 years, 7 months ago IST
The central bank said this penalty had been imposed in exercise of powers vested in RBI conferred under Banking Regulation Act, 1949, according to a statement of the central bank released on Monday.
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RBI asking subsidiary to resubmit payment aggregator license won't affect
Updated : 3 years, 7 months ago IST
As the Reserve Bank of India (RBI) directed Paytm Payment Services Limited, a subsidiary of Paytm, to reapply for a payment aggregator license in 120 days, analysts have said that the move will not have any impact on Paytm and they believe the company will deliver robust growth.
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Paytm Payments Services to resubmit application for authorization to provi
Updated : 3 years, 7 months ago IST
The fintech company said that it has received a letter from the Reserve Bank of India in response to an application from its subsidiary for the authorization to provide payment aggregator services for online merchants.
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