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Latest Articles in Reserve Bank of India RBI

Given Approval To Set Up Small Finance Bank To Take Over PMC Bank: RBI To HC

The application was filed in Misra's main PIL seeking directions to the RBI to ease the moratorium on withdrawals from the PMC Bank during the coronavirus pandemic.

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UK-India Financial Markets Dialogue Aims To Deepen Financial Services Links

The first dialogue saw government-to-government discussions to strengthen cooperation on four key themes – Gujarat International Finance Tec-City (GIFT); banking and payments; insurance; and capital markets.

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Gold Bond Scheme IV: Issue Price Fixed At Rs 4,807/Gm; Subscription Opens Monday

The scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings -- used for the purchase of the yellow metal -- into financial savings.

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RBI Approves Reappointment Of Shyam Srinivasan As MD&CEO Of Federal Bank

Srinivasan is an alumnus of the Indian Institute of Management, Calcutta, and Regional Engineering College, Tiruchirapally.

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RBI Asks Banks To Shift From LIBOR To Alternative Reference Rates By Dec 31

The RBI has also advised the financial institutions to cease using the Mumbai Interbank Forward Outright Rate (MIFOR), a benchmark which references the LIBOR, latest by December 31, 2021.

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RBI Imposes Penalty On 14 Banks For Contravention Of Various Norms

The Reserve Bank of India said scrutiny in the accounts of the 'companies of a Group' was carried out and it was observed that the banks had failed to comply with certain provisions.

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RBI Notifies Inclusion Of Retail, Wholesale Trade Under MSME Category

The Ministry of Micro, Small and Medium Enterprises had decided to include retail and wholesale trade under MSMEs for the limited purpose of priority sector lending.

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RBI Launches Latest Round Of Quarterly Survey On Manufacturing Sector

The Reserve Bank (RBI) has been conducting the OBICUS of the manufacturing sector on a quarterly basis since 2008.

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First Purchase Of G-Secs Worth Rs 20,000 Cr Under G-SAP 2.0 On July 8: RBI

The RBI had conducted open market purchase of government securities of Rs 1 lakh crore under the G-SAP 1.0 in first quarter of the financial year 2021-22.

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RBI Should Not Print Money To Finance Fiscal Deficit: Pinaki Chakraborty

International oil prices have climbed in recent weeks on optimism of a quick recovery in fuel demand. Brent crude touched the USD 75 per barrel mark, the first time since April 2019.

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RBI Imposes Rs 25 Lakh On Punjab And Sind Bank

A penalty of Rs 1 lakh on the Nagar Sahkari Bank Limited, Etawah for contravention of certain regulations, including the one on 'Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs'.

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RBI Tweaks Norms For Interest On Unclaimed Amount After Deposit Matures

The new norms are applicable for deposits in all commercial banks, small finance banks, local area banks, and cooperative banks.

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Forex Reserves Rise By USD 5 Bn To Lifetime High Of USD 609 Bn

The foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

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RBI Guv Says COVID Stress Less Than Expected; Flags Rising Cyber-Attacks As Risk

The governor said the dent on balance sheets and performance of financial institutions in India has been much less than what was projected earlier.

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RBI Extends Interest Subsidy Scheme For Exporters Till Sep

India's merchandise exports in May were USD 32.27 billion, as compared to USD 19.05 billion in the year-ago period, exhibiting a growth of 69.35 per cent.

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