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Latest Articles in Reserve Bank of India RBI
Trade In Cryptos: The New Digital Currency
Cryptocurrencies are far safer than the hard currency transactions since they use various timestamping schemes to "prove" the validity of transactions added to the blockchain ledger without the need for a trusted third party.
Read MoreHDFC Bank Embarks On Technology Transformation Agenda: MD Tells Employees
Giving details of the Technology Transformation Agenda, Jagdishan said that the bank has invested heavily in the infrastructure to handle any potential load that it might encounter in the next 3 to 5 years.
Read MoreNBFCs Seek Extension Of MSME Restructuring Scheme Till March 2022
The industry body also urged the RBI to allow restructuring of certain MSMEs loans that already have got the similar relief under the same scheme during the first wave of COVID-19, but are now facing challenges.
Read MoreBrokerages Downgrade India's GDP Growth Projections For FY'22 Amid Resurgence Of Covid Cases
The RBI has projected FY'22 GDP growth at 10.5 per cent, while IMF puts it at 12.5 per cent. The World Bank sees 2021-22 growth at 10.1 per cent.
Read MoreCustomer Privacy, Data Protection Non-Negotiable: RBI Dy Governor
RBI and NPCI came out with a payment system like UPI and released its Application Programming Interfaces (APIs) for the banks and third-party app providers to build upon.
Read MoreRBI Sets Up RRA To Streamline Regulations And Reduce Compliance
The RBI had set up a Regulations Review Authority (RRA) initially for a period of one year from April 1, 1999, for reviewing regulations, circulars, reporting systems, based on the feedback from public, banks and financial institutions.
Read MoreGovt Appoints Anil Kumar Sharma On Central Board Of SBI With Immediate Effect
SBI's central board of directors comprises a total of 13 members, headed by its chairman Dinesh Kumar Khara
Read MoreBank Credit Rise 5.56%; Deposits 11.4% In FY21
Bank credit is likely to increase given the growth in the economy and the base effect coming into play
Read MoreRBI Penalises Bihar-Based Co-Op Bank For KYC Violation During Exchange Of Demonetised Notes
The government had demonetised the then prevailing Rs 500 and Rs 1,000 notes, and the RBI had issued guidelines along with a timeframe for exchange of such currency notes.
Read MoreRetail Inflation Quickens To 5.52 % In March On Costlier Food, Fuel
Inflation in case of 'pulses and products' was 13.25 per cent, up from 12.54 per cent. Likewise, in 'meat and fish' and fruits segments, it moved up to 15.09 per cent and 7.86 per cent, respectively.
Read MoreRemain Watchful Of Evolving Situation, Push Credit Flows: RBI Guv To Banks
The liquidity scenario and monetary transmission, and credit flows to different sectors, including MSMEs, and retail, were also discussed during the meeting held through video-conferencing.
Read MoreKotak Mahindra Bank Wants To Be Challenger In Home Loan Mkt, Maintains Low Interest Rate
The interest rate is applicable for both home loans and balance transfer loans across loan amounts, it said, adding that the bank has attractive rates for both salaried and self-employed people.
Read MoreSBI Collects Rs 300 Cr From Zero Balance Accounts For Certain Services In 5-Yr: Study
India's second-largest public sector lender Punjab National Bank, which has 3.9 crore BSBD accounts, collected Rs 9.9 crore during the same period.
Read MoreForex Reserves Drop By USD 2.415 Bn To USD 576.869 Bn
The gold reserves dropped by USD 884 million to USD 34.023 billion in the reporting week, as per the central bank data.
Read MoreFitch Solutions Sees RBI Holding Interest Rates Through FY22
Fitch Solutions also revised its inflation rate forecast to an average of 5 per cent in FY22, up from 4.6 per cent previously, due to elevated inflationary pressures.
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