Search For "the reserve bank of india"
RBI cancels licence of Independence Co-operative Bank Limited
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], February 3 (ANI): The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of Nashik-based cooperative lender Independence Co-operative Bank Limited and requested Commissioner for Cooperation and Registrar of Cooperative Societies, Maharasht
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Forex transaction on unauthorised ETPs will lead to penal action, says RBI
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], February 3 (ANI): The Reserve Bank of India (RBI) on Thursday cautioned the people not to undertake forex transactions on unauthorised Electronic Trading Platforms (ETPs) saying it may lead to penal action and loss of money.
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Crypto's like Bitcoin and Ethereum will never become a legal tender: Finan
Updated : 4 years, 5 months ago IST
New Delhi [India], February 2 (ANI): Cryptocurrencies like Bitcoin or Ethereum will never become a legal tender, Finance Secretary TV Somanathan told ANI adding only the digital rupee issued by the Reserve Bank of India (RBI) would be the legal tender.
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Government does not recognize private cryptocurrency as legal tender, dig
Updated : 4 years, 5 months ago IST
New Delhi [India], February 1 (ANI): Noting that digital currency to be issued by the Reserve Bank of India (RBI) will be official and legal tender, Union Commerce and Industry Minister Piyush Goyal on Tuesday said the government does not recognize private cryptocurrencies as legal tender
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Indigo CEO welcomes announcement of issuing E-passport, introduction of di
Updated : 4 years, 5 months ago IST
New Delhi [India], February 1 (ANI): Lauding the Union Budget 2022-23 presented in the Parliament on Tuesday, Indigo Chief Executive Officer Ronojoy Dutta welcomed the new incentives of the government regarding issuing of E-passport and the introduction of digital currency by the Reserve
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75 Digital Banking units to be setup in 75 districts by scheduled commerci
Updated : 4 years, 5 months ago IST
New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Tuesday announced the introduction of Digital Rupee which will be issued by the Reserve Bank of India starting 2022-23, along with the setting up of 75 digital banking units in 75 districts by scheduled commerc
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Cryptocurrency has some financial stability issues, government will take b
Updated : 4 years, 5 months ago IST
New Delhi [India], January 31 (ANI): Al Salvador has adopted Bitcoin but there are still financial stability issues relating to cryptocurrency which have been highlighted by the Reserve Bank of India, Principal Economic Advisor Sanjeev Sanyal said on Monday and noted that the government w
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India's Forex reserves decline by $678 million to $634.28 billion
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], January 29 (ANI): India's foreign exchange (forex) reserves fell by $678 million to $634.28 billion in the week ended January 21 due to a sharp decline in foreign currency assets, the Reserve Bank of India (RBI) data showed.
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All approvals granted for setting up 'Bad Bank': SBI Chairman
Updated : 4 years, 5 months ago IST
Mumbai [India], January 28 (ANI): State Bank of India (SBI) Chairman Dinesh Kumar Khara said on Friday all the required approvals to set up the National Asset Reconstruction Company or what is popularly called a 'bad bank' has been granted, including by the Reserve Bank of India.
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RBI imposes monetary penalty on 8 cooperative banks
Updated : 4 years, 5 months ago IST
Mumbai [India], January 24 (ANI): The Reserve Bank of India (RBI) on Monday imposed penalties on eight cooperative banks due to deficiencies in regulatory compliance.
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India's forex reserves rise by $2.22 billion to $634.96 billion
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], January 22 (ANI): India's foreign exchange (forex) reserves rose by $2.229 billion to $634.965 billion for the week ended January 14, 2022, the Reserve Bank of India (RBI) data showed.
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India's forex reserves drop by USD 878 million to USD 632.73 billion
Updated : 4 years, 6 months ago IST
Mumbai [India], January 14 (ANI): India's foreign exchange (forex) reserves fell by USD 878 million to USD 632.736 billion for the week ended January 7, 2022, the Reserve Bank of India (RBI) data showed on Friday.
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